/biz/ - Business & Finance

>>24877382
>“We see this as a small but potent insurance policy against the continuing devaluation of the world’s major currencies,” the company said.

>“Bitcoin diversifies the company’s (much larger) investments in gold and inflation-linked bonds, and acts as a hedge to some of the monetary and market risks that we see.”

Talking about diversifying out of gold into bitcoin

>The world’s most-valuable virtual currency traded 4% higher to a price of around $20,327, according to market data from Coin Metrics, taking its year-to-date gains to more than 180%.

>Bitcoin has been on a tear this year. Analysts say it’s gotten a boost from big-name investors such as Paul Tudor Jones and Stanley Druckenmiller moving their own assets into the cryptocurrency, while tech firms such as Square and MicroStrategy have also sought to flock into bitcoin.

The tone of the news is so much more fucking respectful than it used to be. Reporters / analysts don't want to look too fucking stupid FUDing it, unlike the bobos of biz.