Bitcoin and cryptocurrencies: BlackRock optimistic about these “sustainable assets”

Crypto enthusiast for the future! – The mega-fund black rock takes a greater interest in – and invests in – the Bitcoin (BTC) and cryptocurrencies. Last April, this fund participated in the Ffunding of $400 million from CircleIan issuing company USDC stablecoin. It must be said that with $10 trillion of assets under management, the statements of BlackRock’s managers are listened to with attention by financial market players. The latest statements to date prove very encouraging for Bitcoin and its ilk.

For BlackRock, Bitcoin and cryptos have a future!

With courses from Bitcoin drops below $20,000 during the weekend (before going back above this symbolic bar), the crypto-asset market is not particularly happy.

However, the most important of the planet’s investment funds denotes by its serenity and its optimistic for the future of cryptocurrencies. In any case, this is the tone of the proposals made by Rick RiederBlackRock’s chief investment officer (CIO).

During a recent interview with Yahoo Finance Live, Rick Rieder didn’t howl heartily with Wolves announce the death of bitcoin like Bill Gates. Quite the contrary, since the CIO of BlackRock is convinced that cryptocurrencies constitute a class ofstrong assets!

“I still think Bitcoin and cryptocurrencies are sustainable assets. It’s a sustainable business sector, but there was too much built-in excess around them. (…)”

Sources: Rick Rieder, Chief Investment Officer of BlackRock

BlackRock optimistic about the future of Bitcoin and cryptocurrencies

>> Don’t let BlackRock get all the bitcoins! Register on the FTX benchmark crypto platform (affiliate link) <

A purge of mindless euphoria

Rick Rieder, on the other hand, is not kind to hyper-speculation who brought the market crypto-assets at the same correction. Balloons are deflating at high speed in this very bearish for Bitcoin and cryptocurrencies. Only solid projects will remain with a backbone capable of withstanding the violent fall in prices.

“You see a lot of the leverage, embedded around cryptocurrencies, unraveling quickly. (…) It’s not very different from the Internet bubble. If you go back to 99 and 2000, was the internet a bad idea? No, it wasn’t a bad idea. But you created so much excess around him, you just had to purge that dynamic, and I think that’s what we’re seeing today. [sur les cryptos]. »

Sources: Rick Rieder, Chief Investment Officer of BlackRock

Convinced that digital assets will therefore “keep moving forward”the leader of BlackRock explains that it is currently a “healthy recalibration” which opens on this market.

BlackRock’s Chief Investment Officer ends his intervention by mentioning that it is difficult to give anjust value » to bitcoin and cryptos. However, he feels that “in 2 or 3 years their value will be higher than today”. It must be said that with galloping inflation fiat currencies (such as the dollar or the euro), the higher quotation in these currencies will depreciate over time.

When the richest men in the world focus on an investment, it is not useless to be interested in it too! To not miss the opportunity of a lifetime, register without delay on the FTX reference crypto exchange platform and benefit from a lifetime discount on your trading fees (affiliate link, see conditions on official website).

Leave a Comment