• BlackRock Rick Rieder Bitcoin replace gold
    Bitcoin

    BlackRock CIO Rick Rieder argues Bitcoin could replace gold

    The chief investment officer of the world’s largest asset management firm admits he cannot estimate Bitcoin’s value, but recognizes that it may be a better store of value than gold

    The chief investment officer at the world’s top asset manager, BlackRock, argued that Bitcoin may be a better store of value than gold. “It's hard to say whether it's worth the price it is trading at today. But do I think it is a durable mechanism that—do I think could replace gold to a large extent? Yeah I do, because it's so much more functional than passing a bar of gold around.”

  • Bitcoin goes mainstream
    Bitcoin

    MicroStrategy doubles down, invests another $175M in Bitcoin

    The mainstream firm made headlines in August when it announced that it had bought $250 million in BTC as an inflation hedge

    In announcing its initial $250 million purchase on Aug. 11, CEO Michael Saylor said the investment was an inflation hedge, calling Bitcoin “a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.”

  • Peter Schiff's son buys bitcoin
    Bitcoin

    To Peter Schiff’s disgust, his son buys Bitcoin

    Schiff’s son holds some quite radical views on economy, but Twitter trusts the 18-year-old kid more than the famous gold bug

    In his Sept. 7 tweet, Schiff also started a poll asking Twitter: “Whose advice do you want to follow? A 57-year-old experienced investor/business owner who's been an investment professional for over 30 years or an 18-year-old college freshman who's never even had a job.”

  • BlockFi raises $50 million
    Cryptocurrencies

    BlockFi raises $50M as revenue increases tenfold

    The DeFi firm, which offers crypto-backed loans and savings accounts, is planning to launch a credit card that offers Bitcoin rewards in the near future

    Crypto lending firm BlockFi has raised $50 million in a funding round led by Morgan Creek Digital—with Winklevoss Capital, two university endowments, and the NBA player Matthew Dellavedova among the participating investors.

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