The chief investment officer seemed to be unmoved by Elon Musk’s announcement yesterday, but still highlighted some challenges Bitcoin will likely face.
Rick Rieder, chief investment officer at BlackRock Financial Management, is pushing back against Telsa CEO Elon Musk’s decision to drop Bitcoin as a form of payment.In an interview with CNBC’s Squawk Box today, Rieder said Bitcoin (BTC) had “not reached maturity yet” and still had some hurdles to overcome like the public perception of its energy consumption and price volatility. Though not specifically mentioning Musk’s claims that the crypto asset comes “at a great cost to the environment,” he said BTC wasn’t “a normal, stable asset” just yet.“I think it’s durable,” said Rieder, referring to Bitcoin. “I think it will be part of the investment arena for years to come, but some of these challenges and the volatility around it — regulatory dynamics,
Źródło: https://cointelegraph.com/news/bitcoin-is-durable-says-blackrock-s-rick-rieder
