news

bitcoin

1 X bitcoin bitcoin =

Wednesday

23 June 2021

Ruffer Exited The Bitcoin Market In April With $1 Billion in Profit - Decrypt

Ruffer Exited The Bitcoin Market In April With $1 Billion in Profit - Decrypt


smart summary beta

Ruffer quit the Bitcoin market because it predicts that young people—whose trading activity the firm believes kickstarted the bull run—won’t be glued to their phones trading cryptocurrencies anymore now that the lockdowns around the world are easing up.

The firm has invested its Bitcoin profits in “protective” assets like inflation-linked gilts—government-issued bonds that rise in line with the retail price index.

Another executive from the firm said in February that while “very skeptical” about Bitcoin in 2017, Ruffer changed its mind in 2020.

Baillie added that “probably somewhere between 40 per cent and 70 per cent of the electricity” in Bitcoin comes from renewable sources.

Goto Full Article

bitcoin bitcoin price

$33902.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Article Metadata

author

site

decrypt.co
Market data feeds provided by cryptocompare.com
bitsmart 2021