$7.3Trn AUM BlackRock Exec Believes “Functional Bitcoin” Will Replace Gold to a Large Extent

Rick Rieder, Chief Information Officer (CIO) of fixed income for New York-based asset manager, BlackRock has become the latest to throw his weight behind Bitcoin as a potential replacement for gold. Rieder shared his thoughts on the subject in a CNBC Squawk Box appearance today, arguing that Bitcoin and cryptocurrencies are ‘here to stay’ primarily because of Millenials’ receptivity to technology and digital payment systems. His opinion contrasted that of JP Morgan CEO Jamie Dimon who said earlier this week that the government would be to regulate Bitcoin if the price continues to grow. Rieder told CNBC that he

Retired American Rapper Logic Buys $6M Worth of Bitcoin

As Bitcoin adoption enters a mainstream phase, more people, including public figures and top multinational companies, are seeing its significance as a good store of value and hedge against inflation and other market crisis. The crypto industry recently welcomed retired American rapper, songwriter, and streamer Sir Robert Bryson Hall II, popularly known as Logic. According to a recent report, Logic revealed that he bought bitcoins worth a total of $6 million last month. He made this big reveal via his Instagram Story. The retired rapper also combined his new venture into crypto with his handle Bobby Tarantino to change his