Keiser - Bitcoin like 'Moses' for Gold
Following the announcement that the renowned Old Mutual Gold & Silver Fund will be investing funds in Bitcoin , RT’s Max Keiser says they’re a bit late to the party. The American broadcaster is arguably one of Bitcoin’s biggest advocates and has been bullish on his stance and predictions for the cryptocurrency’s future . Ned Naylor-Leyland, head of Old Mutual’s Gold & Silver fund, has been slow on the uptake of Bitcoin. With most of their investments in precious metals, the fund has decided to invest five percent of its portfolio in Bitcoin and will reinvest the profits back into the gold and silver markets. Speaking in the latest episode of The Keiser Report , the host made a jibe about Naylor-Leyland’s about-turn in sentiment on Bitcoin: “Ned is talking about Bitcoin effectively being gold, that it was designed to be gold. Now he’s invested in it, putting money to work in it.” Keiser said the fund manager should have taken his advice years a...