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Blackrock's Rick Rieder expects bitcoin to rise significantly despite recent drops.

Market News
16 Jun 2026
Bitcoin
View Source
Bullish
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Rick Rieder, Blackrock's CIO of Global Fixed Income, stated on June 15, 2026, that he believes bitcoin will go "considerably higher" over the long term despite its recent price drop of about 50% from its peak. Blackrock maintains a moderate bitcoin exposure, balancing it against opportunities in technology and emerging market debt. The firm also launched a new Bitcoin Premium Income ETF (BITA) that combines bitcoin holdings with income-generating options strategies. Rieder's bullish stance and Blackrock's continued bitcoin accumulation signal confidence in bitcoin's future growth despite short-term volatility and capital rotation pressures.

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