Ruffer makes a quick $1 billion from bitcoin | Money | The Sunday Times – The Times
The asset manager Ruffer, which made $1billion in five months from investing in bitcoin, said it sold up partly because younger people wouldnt be spending so much time trading now that the lockdowns are ending.
Hamish Baillie, an investment director at Ruffer, said the company initially invested about $600 million in November last year.
When the price doubled we took some profits for our clients in December and early January. We actively managed the position and by the time we sold the last tranche…
