The world’s largest fund manager already counts on bitcoin


After continuous top decisions, more and more people are starting to deal with bitcoin not only among small investors but also among professionals. Now Rick Rieder, BlackRock’s director of investment for bond markets, talked about the fact that cryptocurrency will also be taken into account in their portfolios in the future. According to the expert, the volatility of bitcoin is still a serious problem, but they see customers hungry for investments that could intensify despite a possible rise in inflation and an increase in debt.

According to documents submitted to the U.S. Stock Exchange, two BlackRock funds also took futures positions in the bitcoin market in January. Despite the historic announcement, Rick Rieder says you have to be careful with the currency for the time being, it’s worth adjusting its proportion to what other assets someone has in their portfolio. He pointed out that they now hold more cash than was the previous practice, trying to invest some of it in bitcoin, but did not reveal a specific amount or proportion.

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Source: Portfolio.hu – Befektetés by www.portfolio.hu.

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