BlackRock CIO: More Bitcoin exposure may be added in the next few years

Rick Rieder, BlackRock’s chief investment officer (CIO) and global head of allocation for global fixed income, said that BlackRock’s current exposure to Bitcoin is very small, but this may change as public attitudes change, and the company’s investments The portfolio will likely gain more Bitcoin exposure in the coming years. "Time will tell whether it becomes an important part of the asset allocation framework, and I think people will become more accepting of it over time," he said. Rieder also said: “As more and more people adopt Bitcoin as an asset, we believe its upside potential is real and this has been recognized recently”.