Blackrock’s Rick Rieder Says Bitcoin Is Going ‘Considerably Higher’ Despite This Year’s Drop

Crypto Insight Summary: **Rick Rieder, Chief Investment Officer of Global Fixed Income at Blackrock, told Bloomberg’s ETF IQ on June 15, 2026, that he expects [bitcoin](https://www.binance.com/en/price/bitcoin) to go “considerably higher” over the long term, even as the firm holds a moderate position in the asset.** [Add us on Google](https://www.google.com/preferences/source?q=https%3A%2F%2Fnews.bitcoin.com%2F) WRITTEN BY [Jamie Redman](https://news.bitcoin.com/author/jamie-redman/) SHARE Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Blackrock CIO's positive outlook signals institutional interest but lacks immediate market impact.