- Bitcoin is “is here to stay,” BlackRock’s chief investment officer of fixed income Rick Rieder told CNBC on Friday.
- Rieder pointed to millenials openness to cryptocurrencies and digital payments as one reason why the popular crypto currency isn’t going anywhere.
- While Rieder said he doesn’t own bitcoin in his own portfolio, he does see potential for bitcoin to “take the place of gold to a large extent,” according to the interview.
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