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Ruffer revealed on Tuesday that it had sold its $600M position for $1.1B, citing concerns over excessive speculation across the cryptocurrency market. Go to Source Powered by WPeMatico
Investors’ appetite for gold increased as they assessed higher inflation and a major price crash in the Bitcoin market. Go to Source Powered by WPeMatico
British asset management firm Ruffer reportedly said its bitcoin investment has generated about $1.1 billion in profit. The firm says bitcoin has been “a wonderful store of value” and it is still optimistic about the cryptocurrency in the long term. Ruffer Profits $1.1 Billion From Bitcoin Investment London-based asset management firm Ruffer revealed that it … Read more
After profiting $1 billion in less than six months, Ruffer is open to making more Bitcoin trades in the future. Go to Source Powered by WPeMatico
“The economic environment for Bitcoin right now could not be better,” said Duncan MacInnes. Go to Source Powered by WPeMatico
British investment management firm Ruffer has revealed that its bitcoin holdings now account for about 3% of its entire portfolio of approximately $29 billion. The firm believes that we are “at the foothills of a long trend of institutional adoption and financialization of bitcoin.” A Long Trend of Institutional Bitcoin Adoption Ruffer provided an update … Read more
