CIO of investment giant BlackRock believes bitcoin can replace …

CIO of investment giant BlackRock believes Bitcoin can replace gold

Rick Reeder, investment director of fixed income products giant BlackRock, believes that Bitcoin and others cryptocurrencies “Stay for a long time.” Speaking to CNBC this Friday, Reader commented on speculation about Tom, that the authorities may apply strict regulatory measures to bitcoin, if its price will rise too high.

“I think cryptocurrency remains for a long time. I think, it durable, ”Reeder said, noting that Adoption bitcoin among the millennial generation “real, real digital payment systems”.

“Do I think this is a durable mechanism that is largely can take place of gold? Yes, I think so, because its functions are much richer and are not limited to the movement of ingots “, – added is he.

CIO of investment giant BlackRock believes bitcoin can replace ...

At the same time is he stressed that he does not classify himself as supporters of bitcoin and does not focus on cryptocurrency when drawing up corporate portfolios. By words Ryder, it is not yet clear, is whether bitcoin their current $ 18 000.

In the past, the head of BlackRock Larry Fink said that Bitcoin is a purely speculative instrument, and the only reason him popularity lies in anonymity, which actively enjoy for laundering of money.

Earlier on this Deutsche Bank analyst week drew attention to the fact that investors everything more often prefer bitcoin to gold.

CIO of investment giant BlackRock believes bitcoin can replace ...

BlackRock is an the world’s largest investment company by the size of assets under management. The value of her capital by as of the end of 2019 of the year was estimated at $ 7.4 trillion.