Rick Rieder, a leading candidate for Federal Reserve Chair, once stated that bitcoin will replace gold and advised investors to include bitcoin in their portfolios.

BlockBeats News, January 27, according to CoinDesk, Rick Rieder, BlackRock's Global Chief Investment Officer of Fixed Income and a leading candidate for Federal Reserve Chair, has previously stated that bitcoin will replace gold and advised investors to hold bitcoin in their portfolios. In prediction markets, Rieder's probability of being selected has quickly risen to the top, and he has repeatedly expressed public support for cryptocurrencies.

As early as 2020, when digital assets were still in their early stages, he said in an interview with CNBC that bitcoin would replace gold as a store of value, "because it's much more convenient than handing someone a bar of gold." Recently, in an interview with the same media outlet, he stated that bitcoin should be part of a smart investment portfolio, and described both bitcoin and gold as "assets that can provide a certain degree of stability to a portfolio." At the time of that interview, bitcoin was still above $112,000, and he predicted "it will continue to rise." Currently, the price of bitcoin is about $88,000, having recently fallen due to possible tariff measures and other geopolitical turmoil.

Rick Rieder has publicly expressed dissatisfaction, similar to Trump, with the slow pace of Federal Reserve rate cuts. In a recent interview during Davos, Trump praised him as "very outstanding." Currently, the probability of BlackRock's Global Chief Investment Officer of Fixed Income Rick Rieder becoming the next Federal Reserve Chair is 46% on Polymarket.