Rick Rieder, a leading candidate for Federal Reserve Chair, has stated that Bitcoin will replace gold and has advised investors to hold Bitcoin in their portfolios.

According to ME News, on January 27th (UTC+8), Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, a leading candidate for Federal Reserve Chair, stated that Bitcoin would replace gold and advised investors to hold Bitcoin in their portfolios. In prediction markets, Rieder's chances of being elected have rapidly risen to first place, and he has repeatedly publicly supported cryptocurrencies. Currently, Polymarket rates Rick Rieder's probability of becoming the next Federal Reserve Chair at 46%. Back in 2020, when digital assets were still in their early stages, he stated in an interview with CNBC that Bitcoin would replace gold as a store of value "because it's much easier than transferring a gold bar." Recently, he stated in the same media outlet that Bitcoin should be part of a smart portfolio, calling both Bitcoin and gold "assets that provide a certain level of stability to a portfolio." At that time, Bitcoin was still above $112,000, and he predicted that "it will continue to rise." Currently, Bitcoin's price is around $88,000, having recently fallen due to potential tariffs and other geopolitical turmoil. Rick Rieder has publicly expressed his dissatisfaction, sharing Trump's view, regarding the Federal Reserve's slow pace of interest rate cuts. In a recent interview during Davos, Trump praised Rieder as "very good." (Source: ME)