# Bitcoin is ‘non-sensical’ asset that still makes sense, says UK investment manager

# Bitcoin is ‘non-sensical’ asset that still makes sense, says UK investment manager

“# Bitcoin is ‘non-sensical’ asset that still makes sense, says UK investment manager ” The chairman of a British investment firm says Bitcoin (BTC) is a seemingly “non-sensical” asset — but one that still makes sense after the coin’s winter price movement proved profitable. His firm, Ruffer Investment company, converted a portion of its gold holdings…

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# Experts: Gold outflows are pushing Bitcoin higher

# Experts: Gold outflows are pushing Bitcoin higher

“# Experts: Gold outflows are pushing Bitcoin higher ” According to multiple experts, one possible reason for Bitcoin’s remarkable recent price rise are massive investor outflows from another popular inflation hedge: gold.  Spot gold swooned over the past week, falling 4.62% to $1,857. The asset previously had been surging in unison with Bitcoin, which is…

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