Ruffer, the investment firm, reaffirmed its confidence in Bitcoin to its investors following its acquisition in December. We tell you!
In his year-end review , Ruffer assured his investors that they remain confident of their unconventional investment in Bitcoin.
Institutional investors stay loyal to the leading crypto
It's worth remembering that, in December, Ruffer, who manages $ 20.3 billion in assets, allocated 2.5% of its Multi-Strategy Fund to Bitcoin.
However, your exposure to the leading crypto doesn't end there. The firm is exposed to Bitcoin through the actions of MicroStrategy and Galaxy Digital.
In this sense, Ruffer reaffirmed his confidence in Bitcoin to the investors of the company. The reason? They claim to have entered the crypto market early, "at the foot of a long trend of institutional adoption ... of Bitcoin."
In fact, Ruffer chairman Jonathan Ruffer said last week that Bitcoin is even "becoming a challenge to gold's position as the only supra-currency."
Crypto Monday prediction for Bitcoin price
We started the week with renewed bullish sentiment for the price of Bitcoin. How far do the predictions go for the crypto leader?
First we have Lawrence Summers, former US Secretary of the Treasury, who, according to Bloomberg , assures that the finite supply of Bitcoin "will be a factor that will contribute to increasing prices."
Furthermore, the former Treasury secretary, although he did not dare to issue an exact prediction for crypto in the short term, believes that "some institutions" seem to like it and therefore "is here to stay."
In second place we have Pantera Capital, the investment firm and hedge fund, who, according to CoinTelegraph, suggested that their data indicates that the leading crypto could head to $ 115,212 by August 1. Yes gentlemen, a somewhat bold prediction, but will it come to pass?
And last but not least, strategists at JPMorgan assured that Grayscale plays a key role in Bitcoin's run to $ 40,000.
"The flow into the Grayscale Bitcoin trust would probably need to maintain its pace of $ 100 million per day for the next few days and weeks for such a breakout to occur."
Steve Forbes opines that limited supply of Bitcoin is a disadvantage
On January 15, Steve Forbes published a Tweet where he assured that " Bitcoin is booming, but it will not replace the dollar yet ."
In addition, he opined that, in fact, the limited supply characteristic of the crypto leader is actually a constraint when trying to meet the needs of a growing economy.
3iQ's leading crypto fund hits high on demand
The Bitcoin Investment Fund of 3iQ Corp, the Canadian company listed on the Toronto Stock Exchange, reported having reached more than CAD 1 billion in market capitalization.
And, with it, it surpassed an important crypto milestone; this while its Ethereum Fund has managed to start trading on the Toronto Stock Exchange.
In a few lines ...
An Australian crypto user is suing two commercial banks in the country for discrimination against their crypto business.
A fanatic crypto user of Petro, the crypto from Venezuela, will create an OnlyFans to share advice and educational content about the Petro. But the community is surprised to have selected that platform known for another type of content.
Livecoin, a Russian crypto exchange, stopped its services after a hack allegedly suffered last month.