Rick Rieder, CIO of global fixed income at BlackRock, is emerging as a leading candidate to replace Jerome Powell as Fed chair. Back in 2021, Rieder said on CNBC that BlackRock had begun dabbling in Bitcoin, noting that investors were searching for a store of value as inflation
BESSENT: Markets are going down because Japan's bond market just suffered a six-standard-deviation move in ten-year bonds over the past two days. This has nothing to do with Greenland; it's all about the Japanese bond blowout.
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NEW: Bloomberg’s Eric Balchunas says that those who cannot handle the volatility of #Bitcoin should buy bonds instead. 😤
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