Soros Fund Management CEO Don Fitzpatrick called the first cryptocurrency mainstream and noted that now it can be considered not only a means of defensiveness against inflation.
In an interview with Bloomberg, Soros Fund Management CEO Don Fitzpatrick acknowledged that the George Soros fund owns bitcoin. According to Fitzpatrick, the fund made a invested a small amount in the first cryptocurrency, but he is more interested in other aspects of the crypto sector, such as DeFi (decentralized finance).
According to the CEO of Soros Fund Management, the overall market capitalization has now surpassed $ 2 trillion. She also stated that, due to the rapid growth of the crypto industry, bitcoin is no longer viewed just as an inflation hedge. According to Fitzpatrick, the first cryptocurrency is now deemed “popular.”
The Street stated in July of this year, citing its own sources, that Soros Fund Management had begun trading bitcoin. According to sources, Fitzpatrick and others at the foundation spent a long time studying digital assets before beginning to work with them.
Institutional Investor ranks Soros Fund Management as the second most successful hedge fund of all time. Since its inception in 1970 by George Soros and Jim Rogers, the fund has returned 44 percent each year to investors.
Read More:
