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International Business Times

Business

Marvie Basilan

REVEALED: Blackrock s rieder hints more bitcoin purchase in future | Vintage Vibes

BlackRock Rick Rieder Bitcoin Crypto Larry Fink

A sign for BlackRock Inc hangs above their building in New York. (Credit: Reuters)

KEY POINTS

Rieder predicted that people could become more and more "comfortable" with Bitcoin in the coming years
Rieder previously predicted that cryptocurrency may replace gold "to a large extent"
BlackRock CEO Larry Fink used to dislike crypto, but he has since predicted that crypto could "transcend" traditional currencies

BlackRock's chief investment officer Rick Rieder has hinted that the New York-based asset management giant may acquire more Bitcoin (BTC) in future.

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