Bitcoin’s latest rise was featured in a CNN Business article titled, “Bitcoin soars again after BlackRock says it could replace gold.” Often referred to as digital gold, the cryptocurrency could one day replace the yellow metal as a go-to safe haven investment according to a top strategist. Today, bitcoin prices surged to over $18,700 — nearing closer to the all-time high of just under $20,000 — after BlackRock (“BLK”)’s chief investment officer of fixed income, Rick Rieder, endorsed the cryptocurrency as here to stay. “Do I think it’s a durable mechanism that could take the place of gold to a large extent? Yeah, I do, because it’s so much more functional than passing a bar of gold around,” Rieder said in a CNBC interview, providing the latest sign of bitcoin’s validation from the mainstream financial world.
To view the full article, visit https://ccw.fm/rlaOO
Cable News Network is an American news-based pay television channel owned by CNN Worldwide, a unit of the WarnerMedia News & Sports division of AT&T’s WarnerMedia. It was founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel. Upon its launch in 1980, CNN was the first television channel to provide 24-hour news coverage, and was the first all-news television channel in the United States. For more information, visit www.Edition.CNN.com.
About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
To receive instant SMS alerts, text CRYPTO to 77948 (U.S. Mobile Phones Only)
CryptoCurrency News Wire is where News, content and information converge via Crypto.
For more information, please visit https://www.CryptoCurrencyWire.com
CryptoCurrencyWire is part of the InvestorBrandNetwork