BlackRock Chief Investment Officer Rick Rieder Thinks Bitcoin Is Durable

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.



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