Every day we see news from around the world about the gradual implementation of cryptocurrencies into everyday life. Recently, BlackRock Corporation has shown interest in Bitcoin, more precisely their Chief Information Officer (CIO) Rick Rieder, who has recognized that Bitcoin has its qualities. BlackRock, Inc. is a US-based international investment management company based in New York City that was founded in 1988. After 33 years since it was founded, BlackRock is now the largest asset manager in the world, specifically $8.67 trillion since January this year.
The company’s CIO, Rick Rieder, decided to conduct an interview a few days ago, clarifying the whole situation regarding cryptocurrencies within their company. The moderator tried to start the conversation by asking what he thought of Elon Musk’s statement. However, Rick started with the words “Bitcoin is an interesting asset” and added:
“I think it’s durable. I think it will be part of the investment arena for years to come.“
Rick also commented on the challenges that Bitcoin has to face, such as volatility, regulation, or even concerns about fiat currencies, but according to Rick, Bitcoin will gradually overcome them all. It is therefore very likely that BlackRock will soon allow its clients to invest in cryptocurrencies.
