uncle nate
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Bitcoin is "is here to stay," BlackRock's chief investment officer of fixed income Rick Rieder told CNBC on Friday. Rieder pointed to millennials openness to cryptocurrencies and digital payments as one reason why the popular cryptocurrency isn't going anywhere. While Rieder said he doesn't own bitcoin in his own portfolio, he does see the potential for bitcoin to "take the place of gold to a large extent," according to the interview.