BlackRock, the world’s largest asset management company with over $ 7.8 trillion in capital under management, is currently looking for a «VP Lead of Blockchain.» This information appeared in the list of vacancies of the company.
It looks like BlackRock’s management is seriously thinking about the prospects for the cryptocurrency market and is set to study the digital asset space in depth.
Recall that now more and more companies are directing free funds to invest in Bitcoin and other cryptocurrencies. The latest is financial giant Mogo, which is listed on the NASDAQ. The day before, the company’s management announced an investment of $ 1.5 million in the first cryptocurrency.
And although at first glance the amount may seem insignificant, the initiative will not end there. As representatives of Mogo noted, in the future, experts do not exclude an increase in the volume of investments, that is, they are already considering the prospect of expanding investments in the blockchain asset niche.
A job for cryptocurrency connoisseurs
Here are the requirements for the future employee of the company from the vacancy. The content of the text is quoted by Decrypt.
Must have one year of experience in the following areas: blockchain technological fundamentals, including cryptographic hash functions, distributed network consensus mechanisms, and public and private key cryptography.
Based on the above, candidates should be very familiar with the specifics of blockchains, however, one of their main responsibilities will also be the valuation of digital assets. Thus, a successful candidate must have «experience in developing and formulating fundamental methodologies for the valuation of cryptoassets, the assessment of game theory, and the decentralization of governance models associated with blockchain technology.»
As a reminder, BlackRock CIO Rick Reeder recently expressed the opinion that Bitcoin could replace gold and that cryptocurrency «is not going anywhere.» Here is his replica, in which the expert shares his attitude towards BTC and its prospects for replacing gold.
Digital assets, as well as millennials’ sensitivity to technology and cryptocurrency, are real. Do I think this is a reliable mechanism, do I think that it will largely replace gold? Yes, I know, because it is much more functional than using a gold bar.
Accordingly, the internal climate in the company contributes to the allocation of funds for cryptocurrencies. After all, the top of the financial organization clearly does not consider Bitcoin and other coins to be a fraud, the Ponzi scheme and other unflattering phrases that their haters love to criticize blockchain assets with.
It seems to us that this is only the beginning of the formation of entire divisions within large companies. These departments will be engaged in the study and development of blockchains, that is, in the near future new roads will be opened for amateurs on the labor market. Accordingly, there will be even more opportunities for the popularization of cryptocurrencies.
We believe that the potential for this news is much more than just the prospects for a regular investment of funds by a large company in Bitcoin. Thanks to such actions, the giants of the industry are truly changing the reputation of cryptocurrencies for the better. They seem to declare to critics and doubting investors that coins on the blockchain are a full-fledged investment tool, with which, in addition, can be contacted for many years.
At the same time, this trend in 2020 turned out to be very strong, because Square, MicroStrategy, Grayscale and others invested in BTC, and PayPal also started working with cryptocurrency. All this created excellent conditions for the new bull run, which analysts expect in the coming years. And judging by the trends, the likelihood of such a development of events is quite high.