{"id":32130,"date":"2020-11-20T18:42:43","date_gmt":"2020-11-20T16:42:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32130"},"modified":"2025-08-28T07:08:52","modified_gmt":"2025-08-28T04:08:52","slug":"blackrock-bitcoin-could-replace-gold","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blackrock-bitcoin-could-replace-gold\/","title":{"rendered":"BlackRock: Bitcoin could replace gold"},"content":{"rendered":"<p>BlackRock\u001fs chief investment officer Rick Rieder said that Bitcoin could replace gold.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Wow. BlackRock CIO of Fixed Income Rick Rieder talking about Bitcoin replacing gold on CNBC this morning. <a href=\"https:\/\/t.co\/9KZR0muJVp\">pic.twitter.com\/9KZR0muJVp<\/a><\/p>\n<p>\u2014 Pomp \ud83c\udf2a (@APompliano) <a href=\"https:\/\/twitter.com\/APompliano\/status\/1329774212018475010?ref_src=twsrc%5Etfw\">November 20, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>&#8220;I think cryptocurrency isn\u001ft going anywhere,&#8221; said Rieder in an interview with CNBC.<\/p>\n<\/blockquote>\n<p>He noted that Bitcoin represents a reliable mechanism that is &#8220;much more functional&#8221; than a gold bar.<\/p>\n<p>Rieder added that there is little focus on cryptocurrency-related issues, and Bitcoin itself is not widely represented in his business and corporate portfolios.<\/p>\n<p>BlackRock, Inc. \u2014 one of the world\u001fs largest investment companies. Assets under management exceed $7 trillion.<\/p>\n<p>In late 2018, BlackRock chief executive Larry Fink said the firm would refrain from launching cryptocurrency ETFs due to the industry\u001fs insufficient maturity.<\/p>\n<p>As reported, CitiBank managing director Tom Fitzpatrick <a href=\"https:\/\/u1f987.com\/en\/news\/citibank-hails-bitcoin-as-the-digital-gold-of-the-21st-century\">called<\/a> Bitcoin the digital gold of the 21st century and predicted it would reach $318,315 by the end of 2021.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock&#8217;s chief investment officer Rick Rieder said that Bitcoin could replace gold.<\/p>\n","protected":false},"author":1,"featured_media":32131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,865,536,1138],"class_list":["post-32130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blackrock","tag-gold","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32130"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32130\/revisions"}],"predecessor-version":[{"id":32132,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32130\/revisions\/32132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32131"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}