Speaking on CNBC Squawkbox, BlackRock’s chief investment officer Rick Rieder admits the firm dabbles with Bitcoin.
BlackRock CIO offers guarded response to Bitcoin position
Host Joe Kernen began by quizzing Rieder on his position regarding the leading cryptocurrency. Rieder’s response was cagey as he tried hard to maintain a neutral position.
“I think crypto generally has got in the imagination of a lot of people. Today, the volatility of it is extraordinary. But listen, people are looking for storehouses of value. People are looking for places that could appreciate, under the assumption that inflation moves higher and that’s your building.”