Brazilian Hedge Fund Verde Says It Made Bitcoin Bet Before Trump Win
- Largest digital asset rose above $87,000 for first time Monday
- Verde is neutral on Brazil stocks, bullish on the Indian rupee
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Verde Asset Management, the Brazilian money manager run by industry veteran Luis Stuhlberger, is among those riding the Bitcoin rally sparked by President-elect Donald Trump’s return to the White House.
Verde, one of Brazil’s best-known hedge funds, built a small position in Bitcoin ahead of the Nov. 5 vote, while also boosting a wager against the Chinese yuan, it said in a note to clients Monday. The exact size of the firm’s positions wasn’t disclosed.