$8.7 Trillion Asset Manager BlackRock Started "Dabbling" in Bitcoin
We've started to dabble a bit in it[...]My sense is the technology has evolved and regulations have evolved to the point where a number of people feel it should be part of the portfolio.
He claims that diversifying into assets such as cryptocurrencies "makes some sense" because traditional hedges as interest rates no longer work.
That said, Rieder declined to specify what percentage of one's portfolio should be kept in the flagship cryptocurrency:
