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Bitcoin is increasingly 'cultist' and supported by 'magical thinking', says Barclays wealth investment chief

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Bitcoin sounds "increasingly cultist" and could prove to be a "flightless bird" if interest rates rise, the chief investment officer of a major wealth manager has said. Will Hobbs, the CIO Barclays Wealth & Investments, said his firm is not interested in the world's biggest cryptocurrency at the moment, despite…

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