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MarkRoberts
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Deltec Bank & Trust

Fri Jan 22, 2021 8:55 am

Deltec Bank & Trust announced in its year-in-review video on January 13 that it had invested in Bitcoin for its clients. Hugo Rogers, Deltec’s CIO, revealed that the bank bought the bitcoins at about $9,300.

Although the exact timing of the investment is not precise, Coinbase’s market data shows that Bitcoin last traded at that level in mid-July 2020. From the returns of 2020, Deltec is very confident about the investment. In his statement, Hugo Rogers stated that they are hopeful for better performance in 2021, “as the printing presses continue to run hot.”

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