OMGI's Naylor-Leyland: Bitcoin is 'training wheels' for future monetary systems
Potential for cashless society
Bitcoin could be the future of monetary systems, according to OMGI's Naylor-Leyland
Old Mutual Global Investors (OMGI) manager Ned Naylor-Leyland has added Bitcoin to his Gold & Silver fund, as he said the growth of the cryptocurrency points to a move towards a cashless society.
Naylor-Leyland, who has managed the $256m Gold & Silver fund since March 2016, has a 2.5% allocation to the cryptocurrency via a Bitcoin ETF. Bitcoin is currently trading at more than $8,500 after...
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