BlackRock CIO: The firm's portfolio may increase its bitcoin exposure in the coming years

TechFlow news — Rick Rieder, BlackRock's Chief Investment Officer for Global Fixed Income and Head of Global Allocation, said the firm currently has a very small exposure to Bitcoin, but that could change as public sentiment evolves, and the company's portfolios may gain more Bitcoin exposure in the coming years.

"Time will tell whether it becomes an important part of asset allocation frameworks," he said. "I believe acceptance will grow over time. As more people adopt Bitcoin as an asset, we see real upside potential, which has recently been acknowledged."