BlackRock CIO says “Bitcoin will to a large extent replace gold”

BlackRock CIO Says “Bitcoin Will Substantially Replace Gold”

A senior executive at BlockRock, the world’s largest asset manager, admits that (BTC) has become a permanent part of the global financial system, offering another tangible sign that the discourse surrounding digital currency has changed.

Rick Rieder, CIO of Fixed Income at BlackRock, Told CNBC Friday that “Bitcoin is here to stay.”

Bitcoin valued in gold via