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BTC Could Surpass Gold and It's Here To Stay, Says BlackRock CIO

Mary Liu

Summary: Rick Rieder, Chief Information Officer (CIO) of BlackRock, one of the world’s largest asset management groups, risk management, and advisory services companies, stated on CNBC today that Bitcoin could replace gold and "I think crypto is here to stay". Rieder joins MicroStrategy CEO Michael Saylor, billionaire Stanley Druckenmiller as a new Bitcoin fan, but he is ...

Rick Rieder, Chief Information Officer (CIO) of BlackRock, one of the world’s largest asset management groups, risk management, and advisory services companies, stated on CNBC today that Bitcoin could replace gold and "I think crypto is here to stay".

Rieder joins MicroStrategy CEO Michael Saylor, billionaire Stanley Druckenmiller as a new Bitcoin fan, but he is not so addicted, he emphasizes that he "doesn't do a lot" of Bitcoin and the same for his corporate portfolios.

By Mary Liu

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