{"id":33682,"date":"2020-12-19T18:01:21","date_gmt":"2020-12-19T16:01:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33682"},"modified":"2025-08-28T15:02:38","modified_gmt":"2025-08-28T12:02:38","slug":"jefferies-investment-firm-partially-shifts-from-gold-to-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jefferies-investment-firm-partially-shifts-from-gold-to-bitcoin\/","title":{"rendered":"Jefferies Investment Firm Partially Shifts From Gold to Bitcoin"},"content":{"rendered":"<p>The New York\u2013based investment firm Jefferies has placed a bet on bitcoin in its global pension-fund portfolio, marking the first time in many years that gold investments have been partially reduced. The report by <a href=\\\"https:\/\/www.business-standard.com\/article\/markets\/chris-wood-cuts-exposure-to-gold-a-first-in-years-invests-in-bitcoin-120121800315_1.html\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Business Standard<\/a> cites a statement from Chris Wood, head of investment strategy at the company.<!--more--><\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>\u201cFor the first time in several years, the portfolio\u2019s 50 per cent allocation to physical gold will be cut by five percentage points, with the money invested in bitcoin. If there is a substantial pullback after the historic breakout above $20,000, we intend to reinforce this position,\u201d wrote Chris Wood in Greed &#038; Fear\u2019s weekly letter to investors.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>A further 30% of the portfolio is allocated to Asian equities, and 20% to unhedged shares of gold-mining companies.<\/p>\n<p>\\n<\/p>\n<p>As of August 31, 2020, Jefferies Financial Group\u2019s total assets stood at $51.774 billion, according to <a href=\\\"https:\/\/www.macrotrends.net\/stocks\/charts\/JEF\/jefferies-financial-group\/total-assets\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Macrotrends<\/a>.<\/p>\n<p>\\n<\/p>\n<p>In the past, Chris Wood had refrained from investing in bitcoin, wary of hacking attacks and the possibility that cryptocurrency might be outlawed.<\/p>\n<p>\\n<\/p>\n<p>Earlier, BlackRock\u2019s chief investment officer Rick Rieder stated that<a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-bitcoin-could-replace-gold\"> bitcoin represents a reliable mechanism<\/a>, which is far more functional than a gold bar.<\/p>\n<p>\\n<\/p>\n<p>Follow Forklog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\"> Facebook<\/a>!<\/p>\n<p>\\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York\u2013based investment firm Jefferies has bet on bitcoin in its global pension-fund portfolio, marking the first partial shift away from gold in years, according to Business Standard citing Chris Wood.<\/p>\n","protected":false},"author":1,"featured_media":33683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[536,1156,52],"class_list":["post-33682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-gold","tag-institutional-investors-and-whales","tag-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33682"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33682\/revisions"}],"predecessor-version":[{"id":33684,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33682\/revisions\/33684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33683"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}