BlackRock’s Rick Rieder said Tuesday that an “ideal” portfolio should include exposure to hard assets like gold and Bitcoin as protection against potential currency depreciation. Speaking to CNBC, the Global Fixed Income CIO said a 5 Bitcoin allocation feels “high” to him, while BlackRock’s Global Allocation Fund maintains a 3 to 5 exposure to gold. Last year, BlackRock recommended 1 to 2 Bitcoin exposure in multi-asset portfolios, warning that exceeding 2 could elevate risk. Rieder added that gold appears to be a stronger currency hedge, while Bitcoin trades more closely with the Nasdaq. Bitcoin, which has been marketed as an inflation hedge, has instead traded like a risk-on asset this year, tumbling to $75,000 after Trump announced sweeping tariffs. BTC last traded at $112,351, down 0.52 in 24 hours, according to Benzinga Pro.