Jefferies’ Wood Cuts Gold Exposure in Favor of New Position in Bitcoin

Jefferies’ Wood Cuts Gold Exposure in Favor of New Position in Bitcoin
A stampede of bitcoin buyers pushed the cryptocurrency over the $20K threshold.
(CrispyPork/Getty Images)

Christopher Wood, global head of equity strategy at investment firm Jefferies, cut his exposure to gold for the first time in years in favor of bitcoin, Business Standard

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