Dogecoin frenzy forces UK fund manager to offload $1.1-billion Bitcoin stash
Dogecoin frenzy forces UK fund manager to offload $1.1-billion Bitcoin stash
United Kingdom-based fund manager Ruffer liquidated its $600-million Bitcoin (BTC) bet after growing nervous about the speculative frenzy in the cryptocurrency market, including huge rallies in meme-based tokens such as Dogecoin (DOGE). The fund, which manages roughly $34 billion for wealthy clients and charities, started selling its cryptocurrency stash in December 2020, when the BTC/USD…
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