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Wednesday

23 June 2021

Asset Management Firm Makes $1 Billion Profit by HODLing Bitcoin for 5 Months

Asset Management Firm Makes $1 Billion Profit by HODLing Bitcoin for 5 Months


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According to a report by The Times published on June 6, investment management company Ruffer is said to have made a whopping $1 billion in five months from investing in bitcoin.

Baillie added that financial institutions such as Ruffer and Goldman Sachs will continue to purchase bitcoin and propel it to establish itself as a mainstream asset within investment portfolios.

Baillie added that investing in bitcoin in the future is “certainly not off the menu” for Ruffer

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