BlackRock CIO Says He Owns Bitcoin Even Though It’s ‘Not a Great Hedge’ – Here’s Why

A top executive at investment management firm BlackRock says he owns Bitcoin (BTC) despite the flagship cryptocurrency’s volatility. Rick Rieder, the company’s chief investment officer of global fixed income, says he does not see Bitcoin as a great hedge in a new interview with CNBC’s Squawk Box. “People describe it as a hedge or an […] The post BlackRock CIO Says He Owns Bitcoin Even Though It’s ‘Not a Great Hedge’ – Here’s Why appeared first on The Daily Hodl.