Bitcoin Back In The Spotlight As Fund Managers Eye Further Investments

Having the ‘CME stamp’ also brings further credibility to ethereum itself, and to the crypto space in general. Without a doubt, it is another key step on the road to wider adoption.

eToro data reveals gender divide in crypto

Only 15% of bitcoin traders are women, highlighting a clear gender imbalance in the world of cryptocurrency, according to new data from our own platform.

eToro spoke with Bloomberg and other outlets about the figures, which showed that while the percentage of female investors increased from 10% at the beginning of 2020, indicating an uplift amid a surge in the price of bitcoin, the number remains minimal.

The same pattern was seen in ethereum where there was only a small rise from 11% to 12%. We expect this number to grow over time as investment markets continue to increasingly reflect real demographics.

£500m fund manager says it’s “perfect time” to own bitcoin

One of the few funds to make money during the financial crisis has been investing in bitcoin.

The £484m Ruffer Investment Company, which has made a profit for investors through each of the past three major market crashes, bought bitcoin in November and saw the investment more than double in a month, according to an interview in The Telegraph.

Duncan MacInnes, one of the managers of the strategy, told the paper: “We used to be sceptics, but everything changed in 2020. Negative interest rates and bond yields are everywhere, the war on cash has accelerated and our lives are far more digital than a year ago. Legitimate institutions are starting to buy in.

“The environment for bitcoin, which is a bit like a digital gold, could not be better.” The manager has retained a position, with the fund still holding around 2.5% of its total assets in bitcoin.

Bitcoin miners make $1bn in a mont

Revenues from bitcoin miners hit 3-year highs in January after spiking to more than $1bn, according to data from The Block.

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Disclaimer: This article should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been ...

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