Crypto
BlackRock remains optimistic on bitcoin despite weakness; global bond CIO says it will hit new highs again
Rick Rieder (릭 리더), BlackRock\'s global bond chief investment officer and head of its global asset allocation team, said he remains optimistic on bitcoin even during a sharp decline. He played down short-term volatility and said bitcoin could eventually rise to a higher level and reach a new record high again. Rieder said BlackRock keeps its bitcoin exposure conservative. He also pointed to large cash holdings in money market funds as potential fuel for rapid reallocation.
