Bitcoin soars again after BlackRock says it could replace gold

Bitcoin prices surged 4% Friday to above $18,700 inching closer to the all-time high of just under $20,000 from December 2017 — after BlackRock (BLK)‘s chief investment officer of fixed income, Rick Rieder, said in a CNBC interview that bitcoin is here to stay.

“Do I think it’s a durable mechanism that could take the place of gold to a large extent? Yeah, I do, because it’s so much more functional than passing a bar of gold around,” Rieder said.


Source link

About bitcoin

Check Also

Market Wrap: Bitcoin Back Above $33K While Ether Up 65% in 2021

Crypto markets have reversed course across the board and are flashing green Friday. Bitcoin crossed …

Leave a Reply

Your email address will not be published. Required fields are marked *