Bitcoin could have significant gains
<p>Rick Rieder, the CIO of Blackrock, the world’s largest asset manager with over $9.5 trillion in assets under management, commented on Bitcoin during an interview question regarding his perception about the cryptocurrency, which is an official currency in El Salvador since last week.</p>
<p>According to Rieder, he is not certain if cryptocurrencies are a good hedge taking into account their correlation to equities and other asset groups. However, he mentioned that Blackrock keeps a very moderate amount of cryptocurrency in its portfolio, and he personally likes volatile assets having upside convexity and can go up significantly and thinks having a small amount of this speculative asset is valuable.</p>

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