Ruffer: Crypto Market Still at Foothills of Long Trend
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Jan. 18, 2021

The UK-based investment company Ruffer Investment Company says the cryptocurrency industry is still relatively small as the market stays at the foothills of a long trend. In its recent report, the company highlighted that even a small allocation of bitcoin (EXANTE: Bitcoin) brings "something significantly different to the portfolio."

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"We think we are relatively early to this, at the foothills of a long trend of institutional adoption and financialisation of bitcoin," the company emphasized.

Ruffer also proposes to think of BTC's bad reputation as a "risk premium," as the market moves through the process of normalization and institutionalization.

Bitcoin Faces Pressure as Mt.Gox Victims Can Finally Claim Assets

As iHodl earlier reported, Ruffer Investment Company put 2.5% of its investment fund in BTC. The company considered bitcoin as a small but "potent insurance policy" against the continuing devaluation of the world's major currencies.

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