Topic: [NEW] Bitcoin is here to stay (Read 121 times)
definitely, without any doubt bitcoin is a path to rise and will continue to do so because of the recent major investments by big organizations. I hope it soon reaches $30K. One problem I am worried about is capitalization.
A little more drive of inspiration for every crypto lovers there...
"Bitcoin isn't going anywhere." These are the words of the BlackRock's CIO, Rick Rieder.
Before anything else, who is he? What is BlackRock, you say?
https://images2.markets.businessinsider.com/5fb7f55950e71a00115567f1
Image by Marcus, S. from Business Insider.
I did a little research in their main website https://www.blackrock.com/corporate/about-us. First and foremost, BlackRock is a global investment manager whom primary task is to help investors with their investing or other financial needs using their company's solutions.
Rick Reider, according to his biography, is the Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Global Allocation Investment Team in the Multi-Asset Strategies Group, a member of BlackRock's Global Operating Committee and Chairman of the firm-wide BlackRock Investment Council... you know that it means.
Now, going back to our track...
He actually thanks the millenials for their openness for cryptocurrency and digital payments. I think this may also include the more recent generations of people who also actively partake in the endeavors of Bitcoin, so to speak, since I'm not a millenial myself. Well, it doesn't really matter 'who' is to thank for, the main idea of this is that we are doing good, really good, in creating the surge for Bitcoin in order for it to be a thing for the future. It is evidently clear that we have a right good grip right now (most of you already know this, yes) and we are, little-by-little, encouraging more and more of the world to use cryptocurrency as a new way of life.
According to Fox (2020), Rieder even believes bitcoin has real potential to "replace gold to a large extent" given that it's a durable mechanism for means of trade, more so than gold at least. That's a big thing, isn't it? Of course one man with some titles may not be enough to determine the course of the future, but this a part of it, if not a start.
What's more? JPMorgan agrees to this. JPMorgan is an investment banking company too, and according to them it sees "considerable" upside in bitcoin as it better competes with gold as an alternative currency. They said that it sees millennials accelerating adoption of bitcoin, which will further its status as both a store of wealth and means of payment.
For someone who is but a little speck in this vast financial world, I'd say this is quite and assurance and a motivator for us to continue what we have started. While most of us won't even have the slightest chance of leaving cryptocurrencies, some would and I'm telling you not to. Hardships would come and go and eventually our hard work would pay off. On the right time.
------------------------------------------------------------------------------------------------------------------
Liked it? Comment down what you think!
If you wanna read the exact post -- https://markets.businessinsider.com/currencies/news/bitcoin-price-outlook-here-to-stay-millennial-demand-blackrock-rieder-2020-11-1029827265
Wanna know more about Rieder? -- https://www.blackrock.com/institutions/en-us/biographies/rick-rieder
Here is blackrock -- https://www.blackrock.com/corporate/about-us
"Bitcoin isn't going anywhere." These are the words of the BlackRock's CIO, Rick Rieder.
Before anything else, who is he? What is BlackRock, you say?
https://images2.markets.businessinsider.com/5fb7f55950e71a00115567f1
Image by Marcus, S. from Business Insider.
I did a little research in their main website https://www.blackrock.com/corporate/about-us. First and foremost, BlackRock is a global investment manager whom primary task is to help investors with their investing or other financial needs using their company's solutions.
Rick Reider, according to his biography, is the Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Global Allocation Investment Team in the Multi-Asset Strategies Group, a member of BlackRock's Global Operating Committee and Chairman of the firm-wide BlackRock Investment Council... you know that it means.
Now, going back to our track...
He actually thanks the millenials for their openness for cryptocurrency and digital payments. I think this may also include the more recent generations of people who also actively partake in the endeavors of Bitcoin, so to speak, since I'm not a millenial myself. Well, it doesn't really matter 'who' is to thank for, the main idea of this is that we are doing good, really good, in creating the surge for Bitcoin in order for it to be a thing for the future. It is evidently clear that we have a right good grip right now (most of you already know this, yes) and we are, little-by-little, encouraging more and more of the world to use cryptocurrency as a new way of life.
According to Fox (2020), Rieder even believes bitcoin has real potential to "replace gold to a large extent" given that it's a durable mechanism for means of trade, more so than gold at least. That's a big thing, isn't it? Of course one man with some titles may not be enough to determine the course of the future, but this a part of it, if not a start.
What's more? JPMorgan agrees to this. JPMorgan is an investment banking company too, and according to them it sees "considerable" upside in bitcoin as it better competes with gold as an alternative currency. They said that it sees millennials accelerating adoption of bitcoin, which will further its status as both a store of wealth and means of payment.
For someone who is but a little speck in this vast financial world, I'd say this is quite and assurance and a motivator for us to continue what we have started. While most of us won't even have the slightest chance of leaving cryptocurrencies, some would and I'm telling you not to. Hardships would come and go and eventually our hard work would pay off. On the right time.
------------------------------------------------------------------------------------------------------------------
Liked it? Comment down what you think!
If you wanna read the exact post -- https://markets.businessinsider.com/currencies/news/bitcoin-price-outlook-here-to-stay-millennial-demand-blackrock-rieder-2020-11-1029827265
Wanna know more about Rieder? -- https://www.blackrock.com/institutions/en-us/biographies/rick-rieder
Here is blackrock -- https://www.blackrock.com/corporate/about-us
Jump to: