Bitcoin Could Replace Gold as a Refuge, BlackRock Says | Chief Investment Officer
Bitcoin could supplant gold as the safe-haven store of value, according to BlackRock. “Do I think it’s a durable mechanism that could take the place of gold to a large extent?” Rick Rieder, BlackRock’s CIO for fixed income, asked CNBC. “Yeah, I do, because it’s so much more functional than passing a bar of gold around.”
