The order to start trading cryptocurrency and other digital assets came from Don Fitzpatrick, Chief Investment Officer of Soros Fund Management, media reported.
Billionaire George Soros’s investment fund Soros Fund Management has started trading bitcoin. This is reported by The Street , citing its own sources.
According to the publication, Don Fitzpatrick, Chief Investment Officer of Soros Fund Management, gave permission to trade bitcoin and other cryptocurrencies.
Sources claim that Fitzpatrick and her team have been studying digital assets for some time before starting trading. The publication is also aware of the negotiations that Fitzpatrick is conducting with the aim of investing in large blockchain based companies.
In March, the chief investment officer of Soros Fund Management argued that the cryptocurrency is at a “tipping point”. This is forcing the fund to invest in digital infrastructure, Fitzpatrick said.
Soros Fund Management is Institutional Investor’s second most successful hedge fund of all time . Since its founding in 1970 by George Soros and Jim Rogers, the fund has brought investors 44% per annum.
