Jefferies Portfolio Manager Chris Wood Trims Gold Exposure for BTC
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Jefferies global head of equity strategy - Christopher Wood - reportedly trimmed his portfolio's gold holdings to make room for Bitcoin. He wrote:
The 50 per cent weight in physical gold bullion in the portfolio will be reduced for the first time in several years by five percentage points with the money invested in Bitcoin. If there is a big drawdown in bitcoin from the current level, after the historic breakout above the $20,000 level, the intention will be to add to this position
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