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Bitcoin goes mainstream as first City fund house buys £550m of 'digital gold'


Bitcoin goes mainstream as first City fund house buys £550m of digital gold
Ruffer adds Bitcoin to its popular investment trust and £3.5bn Total Return Fund
Ruffer has bought Bitcoin to help diversify its portfolios
Credit: ROSLAN RAHMAN/AFP 
British fund house Ruffer has become the City s first major investment company to buy Bitcoin for DIY investors adding £550m of the digital currency last month.
The firm, which manages some £20bn of Britons savings, added Bitcoin into the popular Ruffer Investment Company and its £3.5bn Total Return Fund.
This comes as the value of Bitcoin broke through the $20,000 (£14,815) for the first time. The digital currency has been one of the best performing investments this year and has nearly tripled  in value. ....

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