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UK investment manager shifts allocation to Bitcoin from gold in ‘defensive move’

A U.K.-based investment manager has added Bitcoin (BTC) to its portfolio, underscoring the ongoing institutional shift towards digital assets.Ruffer Investment Company Limited, an investment manager with shares listed on the London Stock Exchange, has disclosed its new Bitcoin strategy. In a performance update and manager comment posted on Tuesday, Ruffer

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Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan

Gold could lose its shine in the long run due to institutional investors’ increased preference for bitcoin, according to the investment banking giant JPMorgan.“The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced,” JPMorgan bank’s quantitative strategists and managing

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