Blackrock is a multinational company based in New York created in 1988. It’s works on asset management . Now, Blockrock Starts investing in Bitcoin!

Rick Rieder managing director of the largest asset in the world, has touched on the BTC in an interview with CNBC on Wednesday.

Rick approuved that the  Blockrock company ‘started to dabble’ ( begin to invest)in BTC .He annonced that  recently the world’s largest asset manager had 8.68 $ trillion of assets under his management and the company has started investing in the Bitcoin.

Reider says that his view about this cryptocurrencies revolution ; the progress of the technology  has been progressing in order to people find that is an obligation of having  BTC in their portfolio.Furthermore,people are looking for an investment sure and progressing in the longer terms.

 And when the press asked him in which division cryptocurrency  should be , He answred ;

“I wouldn’t put a number on the percentage allocation one should have, [since it] depends on what the rest of your portfolio looks like.”

The cheif of the company clarified that :

« Today the volatility of it is extraordinary, but listen, people are looking for storehouses of value. People are looking for places that could appreciate under the assumption that inflation moves higher and that debts are building, so we’ve started to dabble a bit into it »

Almost companies like Blockrock Starts investing in Bitcoin, For this reason it has been significaly gaining. Elon Musk’s Tesla had invested 1.5 billion in BTC. Nearly he will accept the payments with bitcoin for buying his Telsla’s products . Last week,Mastercard affirmed that the most of cryptocurrencies will be acceptable on its network . And the famous bank  BNY Mellon will supply it’s clients with BTC services. 

For the progress of BTC . He comments that the BTC is here to stay and not to live , with the intention  to move the gold . 

He concluded:

Diversifying into other assets makes some sense. Holding some portion of what you hold in cash in things like crypto seems to make some sense to me.