Bitcoin is ‘here to stay’ thanks to huge demand from millennials, BlackRock’s Rick Rieder says | Currency News | Financial and Business News

Rick Rieder


  • 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.
  • Visit Business Insider’s homepage for more stories.

Bitcoin isn’t going anywhere, according to BlackRock’s CIO of fixed income Rick Rieder.

In an interview with CNBC on Friday, Rieder said bitcoin is “here to stay” thanks to millenials’ openness to the cryptocurrency and digital payments in general.

The comments come in a month where bitcoin has surged 37% to levels not seen since its run to just under $20,000 in December of 2017.

Rieder believes bitcoin has

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Bitcoin is ‘here to stay’ thanks to huge demand from millennials, BlackRock’s Rick Rieder says



a man wearing a suit and tie: Steve Marcus/Reuters


© Steve Marcus/Reuters
Steve Marcus/Reuters

  • 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.
  • Visit Business Insider’s homepage for more stories.

Bitcoin isn’t going anywhere, according to BlackRock’s CIO of fixed income Rick Rieder.

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In an interview with CNBC on Friday, Rieder said bitcoin is “here to stay” thanks to millenials’ openness to the cryptocurrency and digital payments in general.

The comments come in a month where bitcoin has surged 37% to levels not seen since its run to just under $20,000 in December of 2017.

Read More

How Realtors Can Connect With Millennials On Social Media

Sam Mehrbod (Ph.D.) is a Top Producer Realtor, Investor and CEO at Roomvu, an engine built for Realtors to convert their audience to leads.

The pandemic has pushed many industries, including real estate, online, which makes digital advertising a must for realtors. From my perspective, huge billboards that used to get realtors impressions are not as effective anymore.

The key question today is: Does offline brand marketing justify the dollars spent? While some realtors might prefer to leverage bus ads, flyers and full-page ads in the newspaper, I’ve observed some tech-savvy agents are connecting with their audiences online and converting that same audience into leads. 

With millennials representing “the largest cohort of home buyers,” according to The Washington Post, I believe social media — which has a large millennial userbase — can be an effective tool for lead generation today.

Having said that, digital marketing is not

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