Bitcoin Manager With $1B Crypto Goal Is Backed by Hedge Fund Vet Alan Howard: Report
One River Digital Asset Management already holds $600 million in bitcoin and ether.
The investment firm says it sold the last of its bitcoin because younger people would not be spending so much time trading as lockdown restrictions are relaxed.
"We did not expect immediate fireworks,” said a Ruffer executive.
Analysts see the possibility of further selling pressure despite short-term relief.
Coinbase and One River Digital worked in tandem to execute U.K mega-manager Ruffer Investment's $745 million bitcoin purchase in November.
A recap of 5+ insanely bullish stories that got buried in the bitcoin price action.