{"id":7917,"date":"2021-06-08T06:59:45","date_gmt":"2021-06-08T06:59:45","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/?p=7917"},"modified":"2021-06-08T06:59:45","modified_gmt":"2021-06-08T06:59:45","slug":"in-just-five-months-a-hedge-fund-manager-known-as-50-cent-made-1-1-billion-on-bitcoin-and-he-may-make-more-crypto-bets-in-the-future","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/in-just-five-months-a-hedge-fund-manager-known-as-50-cent-made-1-1-billion-on-bitcoin-and-he-may-make-more-crypto-bets-in-the-future\/","title":{"rendered":"In just five months, a hedge fund manager known as &#8217;50 Cent&#8217; made $1.1 billion on bitcoin, and he may make more crypto bets in the future."},"content":{"rendered":"<p><span style=\"font-weight: 400\">In just five months, an asset manager is known as &#8220;50 Cent&#8221; generated a $1.1 billion profit on <a href=\"https:\/\/trade.buyucoin.com\/direct-buy-sell-bitcoin?market=btc-inr\">bitcoin<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ruffer made a $600 million investment in November and sold the last of its coins in April.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The firm warned that if the lockdowns are lifted, younger people may lose interest in crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to The Sunday Times, an asset manager is known as &#8220;50 Cent&#8221; generated a $1.1 billion profit on bitcoin in just five months.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Last November, when bitcoin was selling below $20,000, Ruffer, a London-based firm with $32 billion in client assets, invested roughly $600 million in the <a href=\"https:\/\/trade.buyucoin.com\/markets\">cryptocurrency<\/a>. It cashed out part of its coins in December and early January after they doubled in value, then sold the remainder in April as their prices hit record highs of almost $60,000.<\/span><\/p>\n<p>Source: <a href=\"https:\/\/www.businessinsider.in\/cryptocurrency\/news\/an-asset-manager-nicknamed-50-cent-made-1-1-billion-on-bitcoin-in-5-months-and-could-place-more-crypto-bets-in-the-future\/amp_articleshow\/83305706.cms?utm_campaign=fullarticle&amp;utm_medium=referral&amp;utm_source=inshorts\">Business Insider India \u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In just five months, an asset manager is known as &#8220;50 Cent&#8221; generated a $1.1 billion profit on bitcoin. Ruffer made a $600 million investment in November and sold the last of its coins in April. The firm warned that if the lockdowns are lifted, younger people may lose interest in crypto. According to The&hellip;<\/p>\n","protected":false},"author":11,"featured_media":7919,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-7917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/7917"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=7917"}],"version-history":[{"count":1,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/7917\/revisions"}],"predecessor-version":[{"id":7918,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/7917\/revisions\/7918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/7919"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=7917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=7917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=7917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}