BlockBeats News, January 27 — According to CoinDesk, Federal Reserve Chair candidate and BlackRock Global Fixed Income Chief Investment Officer Rick Rieder once stated that Bitcoin will replace gold and advised investors to hold Bitcoin in their portfolios. In the prediction market, Rieder’s chances of being elected have quickly risen to the top, and he has publicly supported cryptocurrencies multiple times.
Back in 2020, when digital assets were still in their early stages, he told CNBC that Bitcoin would replace gold as a store of value, “because it is much more convenient than passing around a gold bar.” Recently, he stated on the same media platform that Bitcoin should be part of a smart investment portfolio, and described Bitcoin and gold as “assets that can provide some stability to a portfolio.” At that time, Bitcoin was still above $112,000, and he predicted “it will continue to rise.” Currently, Bitcoin is around $88,000, having recently fallen due to potential tariff measures and other geopolitical turmoil.
Rick Rieder has openly expressed dissatisfaction with the Federal Reserve’s slow pace of interest rate cuts, similar to Trump. In a recent interview during the World Economic Forum in Davos, Trump praised him as “very outstanding.” Currently, the probability of Rick Rieder, Chief Investment Officer of BlackRock Global Income, becoming the next Federal Reserve Chair on Polymarket is 46%.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin facing quantum risk: The paths to protect the biggest blockchains
A quantum computer powerful enough to break the Bitcoin blockchain does not exist yet. However, developers have already begun discussing a wave of upgrades aimed at building a defensive layer against this potential threat — and that is completely well-founded, because this risk is no longer a purely hypothetical scenario.
TapChiBitcoin17m ago
Price predictions 4/3: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK
Key points:
Buyers are attempting to maintain BTC above the $66,500 level, but several analysts believe that the $60,000 level may crack.
Some major altcoins risk breaking below their immediate support levels, signaling that bears remain in control.
Buyers are attempting to push an
Cointelegraph55m ago
Rich Bitcoin traders lost $337M daily in first quarter of 2026
Bitcoin (BTC) traders holding 100–10,000 BTC realized losses at an average of $337 million per day in Q1 2026, the worst quarter since 2022, according to data from Glassnode.
Key takeaways:
Bitcoin dropped more than 20% after whales last realized losses at a comparable pace in 2022.
Cointelegraph1h ago
Glassnode: Bitcoin whale and shark Q1 average daily losses exceed $300 million
On April 5, Glassnode data showed that in the first quarter, the “sharks” holding 100–1,000 BTC and the “giant whales” holding 1,000–10,000 BTC together incurred losses of about $337 million, with total losses of $30.9 billion year to date. Long-term holders are losing about $200 million per day on average, and the market expects Bitcoin’s potential bottom range to be between $40k and $50k.
GateNews1h ago
VanEck Research Head: BTC derivatives protection demand hits the 99th percentile, releasing a contrarian long setup signal
VanEck research chief Matthew Sigel noted that protective demand in the Bitcoin derivatives market has reached a historical high, suggesting the market may be suitable for establishing long positions. At the same time, he warned that high spending in the AI sector without returns could put pressure on the market.
GateNews1h ago
