Jef ), Christopher Wood, Has Joined The Group Of Investors That Are.
This looks to be the latest indication that the precious metal’s appeal as an inflation hedge is fading. Christopher wood, global head of equity strategy at investment firm jefferies, cut his exposure to gold for the first time in years in favor of. Selling gold for bitcoin (btc) appears to be the new strategy among some investors.
Jefferies’ Christopher Wood Is No Exception.
He is now trimming his allocation to the precious metal to expand his exposure to the world’s largest cryptocurrency. The global head of equity at jefferies (nyse: Jefferies’ chris wood boosts bitcoin (btc) exposure to 10%, trims gold.
“The Recent Underperformance Of Gold Relative To Real Rates And The Dollar Has Led Some Investors To Fear That Bitcoin Could Replace Gold As The Inflation Hedge Of Choice,” Writes Goldman Sach.
It is now reducing its allocation to the precious metal to expand its exposure to the world’s largest cryptocurrency. We live in an amazing time. Jefferies’ chris wood boosts bitcoin (btc) exposure to 10%, trims gold.
Jefferies Is Ditching Gold In Favor Of Bitcoin.
An official of the billion dollars investment firm unveils the future plans for purchasing the flagship cryptocurrency. Jefferies’ christopher wood is no exception. Christopher wood of jefferies is no exception.
Selling Gold For Bitcoin (Btc) Appears To Be The New Strategy Among Some Investors.
Jefferies is the latest investment company that plans to buy bitcoin after reducing its gold holdings. He has reduced his position in gold to expand his investment in the world’s largest cryptocurrency. Christopher wood, the global head of equity at jefferies, a global financial services company, says the firm will reduce exposure to gold in favor of bitcoin.