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BITCOIN HITS ALLTIME HIGH OF 24K AND 51 BILLION INVESTMENT FIRM JEFFERIES SELLING GOLD FOR BITCOINEasiest way to buy & sell Bitcoin! Phone verification, secure Jefferies Says the Investment Bank Will Buy Bitcoin and Reduce Exposure to Gold. A top executive at Jefferies says the billion-dollar investment firm is cutting some gold from its portfolio in favor of Bitcoin. But, the note stated that it is risky for ageing gold bugs to ignore the reality that Bitcoin is a competitor to gold as a store of value.