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Asset Manager Voices Confidence In Bitcoin Investment
Summary: Asset manager Ruffer recently voiced confidence in their decision to invest $745 million in Bitcoin in December, as reported by DeCrypt. The firm manages $20.3 billion in assets and assigned 2.5% of its Multi-Strategy fund to Bitcoin. Ruffer is also exposed to Bitcoin through Microstrategy and Galaxy Digital. Business intelligence firm MicroStrategy currently holds around $2.5 ...
Asset manager Ruffer recently voiced confidence in their decision to invest $745 million in Bitcoin in December, as reported by DeCrypt.
The firm manages $20.3 billion in assets and assigned 2.5% of its Multi-Strategy fund to Bitcoin. Ruffer is also exposed to Bitcoin through Microstrategy and Galaxy Digital. Business intelligence firm MicroStrategy currently holds around $2.5 billion worth of Bitcoin in its reserve, while Galaxy holds nearly $600 million.
In Ruffer's year-end review, the company stated that the "unconventional" investment added unique diversity to its portfolio.
“We think we are relatively early to this, at the foothills of a long trend of institutional adoption and financialisation of Bitcoin,” the report read.
By Emily Mason
Tags: Bitcoin,BTC,Institutional Investor,Investment Manager,Ruffer
Link: Asset Manager Voices Confidence In Bitcoin Investment [Copy]
