BlackRock Chief Investment Officer Rick Rieder Thinks Bitcoin Is Durable
Rick Rieder, a chief investment officer for major asset manager BlackRock, recently touted many positive attributes of bitcoin.
Rick Rieder, BlackRock’s chief investment officer of global fixed income and head of the global allocation team, recently made notably positive comments regarding Bitcoin during an appearance on CNBC’s “Squawk Box.”
“Bitcoin is an interesting asset,” said Rieder. “I think it’s durable. I think it will be part of the investment arena for years to come.”
Rieder was asked his opinion on Bitcoin in light of Elon Musk’s recent announcement that Tesla will be halting acceptance of the largest cryptocurrency as payment for its electric vehicles due to environmental concerns.
“[There are] some … hurdles to overcome, and I think [Musk] was mentioning one of them,” shared Rieder. He later added some challenges he currently sees regarding Bitcoin, such as volatility, regulatory dynamics and fiat currency concerns.
Finally, Rieder claimed that although he thinks these challenges are real, “they will be overcome over time,” as bitcoin gets more mature. Rieder sees bitcoin as an asset rather than a potential fix to some of the world’s current monetary problems.
BlackRock is an asset manager that has been in operation for over 32 years in the United States and it recently hit a record $9 trillion in assets under management (AUM). The company does own bitcoin, as Rieder noted in the interview.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- (Recommended For Altcoin Leverage) FTX Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.es here