Federal Reserve Chair candidate Rick Rieder has stated that Bitcoin will replace gold and has advised investors to hold Bitcoin in their portfolios.

BlockBeats News, January 27 — According to CoinDesk, Federal Reserve Chair candidate and BlackRock Global Fixed Income Chief Investment Officer Rick Rieder once stated that Bitcoin will replace gold and advised investors to hold Bitcoin in their portfolios. In the prediction market, Rieder’s chances of being elected have quickly risen to the top, and he has publicly supported cryptocurrencies multiple times.

Back in 2020, when digital assets were still in their early stages, he told CNBC that Bitcoin would replace gold as a store of value, “because it is much more convenient than passing around a gold bar.” Recently, he stated on the same media platform that Bitcoin should be part of a smart investment portfolio, and described Bitcoin and gold as “assets that can provide some stability to a portfolio.” At that time, Bitcoin was still above $112,000, and he predicted “it will continue to rise.” Currently, Bitcoin is around $88,000, having recently fallen due to potential tariff measures and other geopolitical turmoil.

Rick Rieder has openly expressed dissatisfaction with the Federal Reserve’s slow pace of interest rate cuts, similar to Trump. In a recent interview during the World Economic Forum in Davos, Trump praised him as “very outstanding.” Currently, the probability of Rick Rieder, Chief Investment Officer of BlackRock Global Income, becoming the next Federal Reserve Chair on Polymarket is 46%.