BlackRock CIO says ‘Bitcoin will take the place of gold to a large extent’

Bitcoin’s network effect has forced traditional financiers to change their tune on the digital currency. A senior executive at BlockRock, the world’s largest asset manager, admits that Bitcoin (BTC) has become a permanent fixture in the global financial system, offering yet another tangible sign that the narrative surrounding digital currency has changed.  Rick Rieder, BlackRock’s […]

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Crypto will be useful but Bitcoin is hard to understand, says SoftBank CEO

Masayoshi Son found Bitcoin to be “distracting his own focus on his own business.” While the ongoing cryptocurrency bull run is boosting crypto adoption, some billionaire investors still find Bitcoin (BTC) to be something of a distraction.  Masayoshi Son, a billionaire technology entrepreneur and CEO of Japanese conglomerate SoftBank, claimed that he “doesn’t understand” Bitcoin amid […]

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First company-sponsored Bitcoin retirement plans launched in US

DAiM has launched the United States’ first employer-sponsored retirement plans that support investments in Bitcoin. U.S.-based asset manager, Digital Asset Investment Management (DAiM), has launched the country’s first employer-sponsored 401(k) retirement plans supporting Bitcoin. According to a Nov. 19 announcement, DAiM will serve as the advisor and fiduciary in helping companies “create a 401(k) plan […]

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