It is confirmed that Soros Fund Management, the investment fund of the billionaire family members of Geroge Soros, has invested in the cryptocurrency Bitcoin.
This details was confirmed by Dawn Fitzpatrick, CEO and chief investment officer of Soros Fund Management, in an interview with Bloomberg on five/ten.
However, the female CEO did not disclose the actual quantity of Bitcoins her investment fund holds, nor if she is investing in other cryptocurrencies. However, it seems that Fitzpatrick also has some expertise in the area of cryptocurrencies, especially DeFi. She mentioned:
“We’re holding some Bitcoin, not a lot, and frankly it’s not as attractive as other DeFi tokens or similar projects.”
Ms. Fitzpatrick’s feedback confirmed earlier rumors that Soros Fund Management had begun trading Bitcoin, as reported by Coinlive in July.
Regarding the cause for the investment selection, the female CEO stated:
“I will not know why individuals see Bitcoin only as a hedge towards inflation. I consider it has turn into a extensively regarded asset class. The cryptocurrency sector has now crossed the $ two trillion mark. The quantity of traders and consumers making use of them globally is above 200 million, so I consider it has reached mainstream standing. “
Bitcoin is nonetheless in the midst of an extraordinary recovery, close to a peak of $ 53,000 on September seven, the time in advance of the currency collapsed. BTC’s development momentum comes from a lot of cumulative things, as summarized by Coinlive in the following post.
– Details: The cause why Bitcoin 1st returned to the $ 50,000 mark because the July 9th drop
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