Ruffer Nets $1.1 Billion From Quickfire Bitcoin Trade

Reading Time: 2 minutes Ruffer Investment made $1.1 billion in five months on their Bitcoin trade Ruffer bought $550 million-worth in November last year and sold out in April The trade is a reminder that institutions sell as well as buy Ruffer Investment, one of the institutional buyers of Bitcoin in 2020, revealed yesterday that it has terminated its position, netting a $1.1 billion profit within five months. Ruffer made a $550 million investment in Bitcoin in November last year, selling half just weeks later after the price doubled, and is now completely out of its position having sold the remainder of their position
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