Jonathan Ruffer, Chairman of the UK-based Ruffer Investment Company, explained why he decided to invest £ 550 million (US $ 748 million), 2.5% of his assets.
He reports that they have been observing the behavior of Bitcoin over time and came to the conclusion that it is a very excellent emerging alternative as a store of value, although he admitted that it is a seemingly pointless asset.
But he sees it better for the future than traditional investments.
Another great whale that decides to invest part of his assets in Bitcoin.
Large institutions with large capital will continue to arrive to invest in Bitcoin and the cryptocurrency ecosystem.
What do you think about the decision of this investment company?
He reports that they have been observing the behavior of Bitcoin over time and came to the conclusion that it is a very excellent emerging alternative as a store of value, although he admitted that it is a seemingly pointless asset.
But he sees it better for the future than traditional investments.
Another great whale that decides to invest part of his assets in Bitcoin.
Large institutions with large capital will continue to arrive to invest in Bitcoin and the cryptocurrency ecosystem.
What do you think about the decision of this investment company?