{"id":74125,"date":"2026-06-16T19:26:54","date_gmt":"2026-06-16T19:26:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-rick-rieder-says-bitcoin-is-going-considerably-higher-despite-this-years-drop-bitcoin-news\/"},"modified":"2026-06-16T19:26:54","modified_gmt":"2026-06-16T19:26:54","slug":"blackrocks-rick-rieder-says-bitcoin-is-going-considerably-higher-despite-this-years-drop-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-rick-rieder-says-bitcoin-is-going-considerably-higher-despite-this-years-drop-bitcoin-news\/","title":{"rendered":"Blackrock’s Rick Rieder Says Bitcoin Is Going ‘Considerably Higher’ Despite This Year’s Drop \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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<\/svg>Key Takeaways<\/span><\/h2>\n
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  • Blackrock CIO Rick Rieder said bitcoin is going \u201cconsiderably higher\u201d on Bloomberg ETF IQ on June 15, 2026.<\/span><\/li>\n
  • Blackrock just launched the new BITA income ETF on June 16.<\/span><\/li>\n
  • Rieder holds BTC in his mutual fund but keeps exposure moderate, citing tech and EM debt as competing opportunities.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Rieder\u2019s Track Record With Bitcoin<\/span><\/h2>\n

    Rieder is not a new voice on bitcoin<\/span>. Eric Balchunas, Bloomberg ETF analyst and co-host of ETF IQ, shared the clip on X, noting that Rieder was \u201can early believer inside Blackrock\u201d and that one of his mutual funds holds a small bitcoin<\/span> position through IBIT, the Ishares Bitcoin<\/span> Trust.<\/p>\n

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    Rieder oversees assets across Blackrock\u2019s fixed income and global allocation strategies. He serves on the firm\u2019s Global Executive Committee and chairs its Investment Council.<\/p>\n

    What He Said, Exactly<\/h2>\n

    Asked directly whether bitcoin<\/span>, which had sold off roughly 50% from its peak, represented a buying opportunity, Rieder answered: \u201cI think it\u2019s ultimately going considerably higher. I think the technicals, there\u2019s some technical condition around it that causes it to chop around. I think it\u2019s ultimately going higher.\u201d<\/p>\n

    He added that the fund is \u201ckeeping it a pretty moderate exposure, quite frankly,\u201d citing competing opportunities in technology and emerging markets debt as reasons for not increasing allocation.<\/p>\n

    Where Bitcoin<\/span> Stands<\/h2>\n

    Bitcoin<\/span> traded in the $65,700 to $66,500 range over the last day on June 15 and 16, 2026, following a correction that pushed it under $60,000 earlier in the month. The asset remains approximately 47% below its late-2025 all-time high above $126,000.<\/p>\n

    Capital rotation is part of the story. Reports indicate some investors have been selling crypto<\/span> holdings to fund positions in SpaceX and other opportunities, adding near-term pressure to BTC<\/span>.<\/p>\n

    Blackrock Keeps Buying<\/h2>\n

    Even with measured portfolio positioning, Blackrock\u2019s two crypto<\/span> trusts have kept accumulating both bitcoin<\/span> and ethereum since their debuts. IBIT controls roughly 766,162.82 BTC<\/span> worth just over $50 billion, according to figures recorded on June 15. Only one corporate holder owns more: Strategy, whose MSTR treasury contains 846,842 BTC<\/span> worth $55.9 billion.<\/p>\n