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BlackRock CIO Says Bitcoin Is Here To Stay and Will Replace Gold

By cryptocrunchapp.com on November 21, 2020

Bitcoin and by some extension the wider cryptocurrency industry has received praise from several high profile names in the traditional finance world in recent months. Now, it seems, Bitcoin has another fan. Blackrock CIO Rick Rieder said today on CNBC that Bitcoin is here to stay. He told that digital currency, and millennial’s receptivity of technology and cryptocurrency is real. He also pointed out that Bitcoin is a durable mechanism that could take the place of gold in the future as it is much more functional than passing a bar of gold around.

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