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Free AccessSkybridge Capital says Bitcoin a Better Tapering Hedge Than Gold
- Both are likely to rally even as the Federal Reserve moves to taper asset purchases according to Senior Portfolio Manager Troy Gayeski
- "We're going to stick to Bitcoin and crypto because we just think there's more upside," While there's more volatility, "you're going to capture a little bit more juice than you will in gold from that same phenomenon"
- The firm's Bitcoin fund is up 51.2% since its inception in late December through to June 1.
- Notes all fiat currency alternatives have gone through substantial corrections and are much better placed to handle the eventual taper and gradual slowing of money supply growth.
- Also says Gold has established a floor, and with a lot of taper concerns having been pulled out of the market, the probability of gold continuing its uptrend to make news highs over the next year is fairly high
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.