Ruffer Investments: “Profit from the sale of BTC exceeded $1.1 billion " – Bits Media

UK-based asset management company Ruffer Investments, back in November, who bought bitcoins at $600 million, reported, that BTC stocks have been completely sold, and the total profit exceeded $1.1 billion.

In February, the company sold 40% from purchased bitcoins, to fix the part Profit. However, The situation for the company continued to develop positively and in April the management of Ruffer decided to completely close the position. Time was chosen successfully, After all 14 April the course of the first cryptocurrency reached a peak in $64 850.

“When the purchase price was doubled, We recorded part of the profit for our customers. Sales were made in December and early January. We actively managed positions and now all bitcoins are sold. The last tranche was perfect in April, And the total profit was a little more $1.1 billion ", - told the investment director Ruffer Hamish Bailey (Hamish Baillie).

According to him, The company can again buy bitcoins with convenient opportunity:

“If you have a strategy for investing in various assets, it is better to buy assets, which act differently. What is the point of investing in assets with the same dynamics?».

Ruffer investment director also expressed his opinion on the effect of bitcoin on the ecology. He declared, that all this is too exaggerated: 70% energy for mining is taken from renewable sources, And the consumption itself is not so great - the game industry consumes noticeably more.

At the beginning of the year, Ruffer Investments analysts said, that institutional investors are increasingly investing in bitcoin and the trend will continue in the coming years.