“My sense is the technology has evolved and the regulations have evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up,” Rick Rieder, head of global allocation for the $8.7 trillion money manager BlackRock, told CNBC. “We’ve started to dabble a bit.”
A growing number of investors say bitcoin might serve as a hedge against inflationary policies as governments and central banks pump trillions of stimulus money into the coronavirus-racked economy.
MASTERCARD PAYS IN SAND DOLLARS: People in the Bahamas now have the option of loading the country’s central bank digital currency, known as the Bahamas Sand Dollar, onto a prepaid Mastercard to enable use anywhere in the world, the payments giant has announced.
Cosmos (ATOM): Upstart “ecosystem of blockchains” plans to go live Thursday with “Stargate” upgrade. “Stargate represents an important milestone for the Cosmos project on the way to launching its inter-blockchain communication (IBC) protocol that will allow the 200+ Tendermint-based blockchains to interoperate easily,” CoinDesk’s Brady Dale writes.
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