Fund giant slashes Bitcoin stake after Elon Musk tweets trigger a frenzy: Ruffer cashes in on price …

Bitcoin’s price has since rocketed from $15,000 to $56,200, having hit a record high of $63,000 last month.

In January, Musk – who has more than 52million followers on Twitter – changed his Twitter profile to include the word Bitcoin, fuelling the value of the cryptocurrency by nearly a fifth on the same day.

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