Rick Reeder: “BlackRock has started to study Bitcoin»

According to the CIO of the investment company BlackRock, Rick Reeder, the company is now studying bitcoin, as investors are looking for investments in alternative assets.

During an interview on CNBC’s Squawk Box program, Rick Rieder said that the investment giant “dabbles” with bitcoin, although he did not disclose details. He noted that investors are increasingly interested in alternative assets for storing wealth:

“I think that cryptocurrency technologies have significantly evolved, as well as the regulation of the industry. Now many people believe that bitcoin should be part of the investment portfolio, and this sentiment leads to an increase in the price.”

As stated by the Reader, while the company does not give recommendations for investing in bitcoin, but if a person has significant savings in fiat currency, it would be” reasonable ” to invest some of the funds in BTC. At the same time, the Reader is not sure that everyone should invest 1% of their funds in bitcoin.

“I’m not sure what percentage of funds you need to invest in cryptocurrencies-it depends on your investment portfolio,” said the CIO of BlackRock.

Recall that at the end of January, BlackRock CEO Larry Fink called bitcoin an insufficiently tested asset for large-scale investments.