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Asset Management Giant BlackRock Has Started to "Dabble" In Bitcoin

Mary Liu

Summary: Asset management giant BlackRock may have deployed Bitcoin. Rick Rieder, the chief investment officer from BlackRock talked about Bitcoin during an interview with CNBC today. He mentioned that Bitcoin technology has developed to the point where asset managers and investors believe it should be part of their portfolio. "I won't comment or give a number on how ...

Asset management giant BlackRock may have deployed Bitcoin.

Rick Rieder, the chief investment officer from BlackRock talked about Bitcoin during an interview with CNBC today. He mentioned that Bitcoin technology has developed to the point where asset managers and investors believe it should be part of their portfolio.

"I won't comment or give a number on how much BlackRock holds in its portfolio, however looking at its growing demand I would say we have started to dabble in it," said Rieder.

As Bitpush previously reported, BlackRock may purchase Bitcoin futures through its two funds, BlackRock Funds V and BlackRock Global Allocation Fund.

By Mary Liu

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