CIO Blackrock believes the Bitcoin price will rise significantly | Sept 12

The chief investment officer of the world’s largest wealth management company Blackrock said he could increase the value of Bitcoin dramatically.

BitcoinCIO Rick Rieder Bitcoin

CIO Rick Rieder made this statement in an interview with CNBC to share his views on Bitcoin as it is now legal tender in El Salvador. He added:

“I like assets that are volatile and have positive convexity.”

Blackrock is the world’s largest asset manager with approximately $ 9.5 trillion (AUM) of assets under management as of the end of the second quarter. Rieder is also head of the core business with fixed-income securities and the globally distributed investment group. Its assets under management are $ 2.4 trillion.

In the interview, Rieder commented on the prevailing view that cryptocurrencies are “a hedge or an alternative money”.

As for his role as a hedge, he’s “not sure if it’s a really great hedge”.

Regarding the aspect of “alternative money”, he said:

“Part of the reason I own a little bit of bitcoin is because I think more people will join this war over time … I like volatile and convex assets.

positive. I can see Bitcoin rise significantly. ”

Rieder noted that Blackrock has a “very moderate” share of cryptocurrencies in its portfolio. Emphasizing that Bitcoin is volatile, he said he doesn’t consider it a core value like bonds or stocks. However, as a small part of his portfolio, he finds it valuable as a speculative instrument.

In November last year, he stated that the cryptocurrency was born to survive and can even largely replace gold.

Convexity is a risk management tool used to measure and control the market risk of a portfolio.

We invite you to join our Telegram for faster news:

https://t.me/coincunews

Annie According to Newsbitcoin Follow the Youtube Channel

| Subscribe to telegram channel | Follow the Facebook page

CIO Blackrock believes the Bitcoin price will rise significantly | Sept 12

The chief investment officer of the world’s largest wealth management company Blackrock said he could increase the value of Bitcoin dramatically.

BitcoinCIO Rick Rieder Bitcoin

CIO Rick Rieder made this statement in an interview with CNBC to share his views on Bitcoin as it is now legal tender in El Salvador. He added:

“I like assets that are volatile and have positive convexity.”

Blackrock is the world’s largest asset manager with approximately $ 9.5 trillion (AUM) of assets under management as of the end of the second quarter. Rieder is also head of the core business with fixed-income securities and the globally distributed investment group. Its assets under management are $ 2.4 trillion.

In the interview, Rieder commented on the prevailing view that cryptocurrencies are “a hedge or an alternative money”.

As for his role as a hedge, he’s “not sure if it’s a really great hedge”.

Regarding the aspect of “alternative money”, he said:

“Part of the reason I own a little bit of bitcoin is because I think more people will join this war over time … I like volatile and convex assets.

positive. I can see Bitcoin rise significantly. ”

Rieder noted that Blackrock has a “very moderate” share of cryptocurrencies in its portfolio. Emphasizing that Bitcoin is volatile, he said he doesn’t consider it a core value like bonds or stocks. However, as a small part of his portfolio, he finds it valuable as a speculative instrument.

In November last year, he stated that the cryptocurrency was born to survive and can even largely replace gold.

Convexity is a risk management tool used to measure and control the market risk of a portfolio.

We invite you to join our Telegram for faster news:

https://t.me/coincunews

Annie According to Newsbitcoin Follow the Youtube Channel

| Subscribe to telegram channel | Follow the Facebook page

Visited 81 times, 1 visit(s) today

Leave a Reply