World's Largest Asset Manager Confirms Their Interest in Bitcoin! - News-Credit-Mortgage-Coin

Breaking

Car donation, Insurance, Credit, Money, news

Coin Market

Wednesday, February 17, 2021

World's Largest Asset Manager Confirms Their Interest in Bitcoin!

 


The manager of BlackRock, the world's largest asset management company, confirmed that they are browsing Bitcoin (BTC).

BlackRock, the world's largest asset manager, deals with Bitcoin. This was confirmed today by Rick Rieder, the company's managing director.

Rick Rieder, managing director of BlackRock, the world's largest asset manager, confirmed that the company is looking at BTC. He refused to include a target allocation amount owned by the company, saying "we've started looking a little bit." In an interview with CNBC's SquawkBox, Rieder said it makes sense to diversify one's portfolio in the current economic reality. He also said that BlackRock now has much more cash than they historically have because traditional bodyguards just don't work.


“WE HOLD MUCH MORE CASH THAN WE HAD IN THE PAST, BECAUSE THE INTEREST RATES DO NOT WORK FOR A RISK. MAKING DIVERSITY WITH OTHER ASSETS, LOGIC. THAT, IT IS LOGIC TO HOLD THINGS LIKE CRYPTO WITH A PART OF THE MONEY YOU HOLD IN YOUR HAND. "

Giant asset manager BlackRock previously signaled Bitcoin
As we reported as Kriptokoin.com, BlackRock submitted two documents to the United States Securities and Exchange Commission (SEC). Applications are BlackRock Funds V and BlackRock Global Allocation Fund Inc. was made on behalf of.

In both documents, the text states that the company can trade cash-paid BTC futures contracts:

“SOME FUNDS MAY BENEFIT BITCOIN-BASED FORWARD TRANSACTION CONTRACTS. BITCOIN IS A DIGITAL BEHAVIOR IDENTIFIED BY PARTICIPANTS IN A ONLINE, PEOPLE NETWORK THAT CONNECTING COMPUTERS RUNNING PUBLIC OR "OPEN SOURCE". THE ONLY BITCOIN FORWARD TRANSACTIONS THAT FUNDS CAN INVEST IS CASH PAYMENT BITCOIN TERM TRANSACTIONS TRADED ON COMMODITY EXCHANGES REGISTERED TO CFTC. "


No comments:

Post a Comment