BlackRock executives: We have begun to get involved in Bitcoin
Global asset management giant BlackRock fixed income chief investment officer Rick Rieder revealed in the SquawkBox financial plan that the company has begun to get involved in Bitcoin.
Now, the big bosses have begun to take action.
"Getting involved in Bitcoin" still doesn't mean buying lots of BTC.
However,this is pretty bullish news.Having the biggest asset management fund in the world to buy some BTC will be a great marketing move.Bitcoin is no longer a scam or a shady project in the eyes of big institutional investors.The hype around BTC is going to grow even more in 2021.
Maybe the Blackrock guys are onto something...Maybe a big financial crisis is coming after the pandemic.
I don't know,this is just a hypothesis.