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

Sony Releases PS5 Ad Featuring Rick And Morty

Sony has partnered with Adult Swim’s buddy scientists Rick and Morty to deliver a quirky 30-second PlayStation 5 advertisement.

The two appear in Morty’s parents’ living room, with Rick counting what looks to be a lot of money and Morty standing to the left of the PlayStation 5. Rick tells Morty to “talk about the thing,” to which Morty, stammering as he does, begins to list off some PS5 talking points.

“This is the PlayStation 5,” Morty says, gesturing to the right, where the console stands vertically on a white Ikea-looking table. “It’s really fast. It’s super fast. Like, way less of those long loading screens, you know?” According to Rick, “they” really wanted the two to mention the PlayStation 5’s speed because the fast loading times are “really important to them.”

Morty then very briefly dives into the DualSense’s features. He talks about the haptic feedback in the controller,

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