More Conviction Needed to Add Bitcoin to Investments: Rattner

Feb.12 -- Willett Advisors Chairman and Chief Executive Officer Steve Rattner thinks that Bitcoin is harder to embrace as a store of value because it is not a physical asset and says he is skeptical about the cryptocurrency as an investment. Willett Advisors invests in the personal and philanthropic assets of Michael R. Bloomberg, founder and majority owner of Bloomberg LP, the parent company of Bloomberg News. RockCreek founder and Chief Executive Officer Afsaneh Beschloss says she will start looking at Bitcoin more seriously, but warns of regulatory scrutiny from the Biden administration. They join David Westin on "Bloomberg Wall Street Week."