Bitcoin is ‘non-sensical’ asset that still makes sense, says UK investment ma...
His firm added exposure to Bitcoin before the winter surge. The chairman of a British investment firm says Bitcoin (BTC) is a seemingly “non-sensical” asset — but one that still makes sense after the coin’s winter price movement proved profitable. His firm, Ruffer Investment company, converted a portion of its gold holdings into Bitcoin in November.Ruffer Investment Company Limited reallocated 2.5% of its Multi-Strategies Fund from gold to Bitcoin in November as a hedge against the “continued devaluation” of fiat. Since then, the value of gold appreciated by 4%, while the value of Bitcoin....
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At the same time, some Bitcoin enthusiasts are arguing whether or not Bobby Lee is making these statements to ensure his company does not get scrutinised by government officials. To many people, it is still a mystery as to why Bitcoin would make any sense to them in this world. Although there are many use cases for this alternative form of finance, there are also a lot of misconceptions. Bobby Lee recently held a presentation at Stanford University to clarify a few things. It is rather positive to see Bitcoin industry experts take their time and educate the ‘masses” on why Bitcoin makes....
Bitcoin is becoming a recognized asset class with a low correlation to other asset classes. This makes it a good option for diversifying investment portfolios with retirement accounts, and some options do exist for investing in bitcoin for retirement. Diversifying Portfolios. Most investment advisors recommend having diversified retirement portfolios to....
In an earlier article, I conceded too much and suggested that Bitcoin doesn’t need to be a unit of account. What I should have said is that Bitcoin is a great unit of account—much better than the dollar. The objection that Bitcoin is not a good unit of account actually hides a circular argument that invalidates it. Bitcoin’s utility as a unit of account depends on what you already believe about Bitcoin. If you are skeptical of Bitcoin, then it makes no sense to use Bitcoin as a unit of account. If you believe that Bitcoin will become the world currency, then it makes no sense to use....
With all the questions undermining stock and bond yields nowadays, it only makes sense for investors to take a serious look at bitcoin's earnings potential. Look for the financial community to pay closer attention to bitcoin in the present investment environment. Investors looking to diversify their portfolios should consider bitcoin and digital currency, according to this past weekend's "Weekend Investor" report in The Wall Street Journal. The article, titled "In Search of Higher Returns" featured a shiny, logoed bitcoin rising as one hand gives a 100-dollar bill to another outstretched....
One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea, who stated the company had invested a small amount of its holdings in ethereum starting two months ago. Kinea, the investment arm of Banco Itau, has more than R$56 billion (about $10.2B) in assets under management.
Kinea Looks Into Crypto Investments
Kinea, one of the leading asset managers in Brazil, has made an exploratory investment in the cryptocurrency world. The company, which has a....