George Soros is now said to also invest in Bitcoin and other cryptocurrencies
Hedge fund legend George Soros is said to have turned to the crypto sector after all. His Soros Fund Management reportedly started trading Bitcoin and Altcoins.
Even during the Bitcoin hype in 2017/18, the billionaire investor George Soros described the largest crypto currency as a “typical bubble”. Since then, however, rumors have intensified that Soros wanted to start trading cryptocurrencies through the investment company Soros Fund Management he founded. That should have happened now.
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Green light for Bitcoin trading
Like the platform The Street According to insider reports, Dawn Fitzpatrick, CIO of Soros’ investment company, is said to have given the traders operating there the green light to invest in Bitcoin and other cryptocurrencies. In March, Fitzpatrick told Bloomberg that Bitcoin was more of an investment than a currency. She was convinced that Bitcoin demand was being driven by concerns that governments and central banks could depreciate the value of traditional currencies.
Soros Fund Management claims that it manages around US $ 27 billion. Fitzpatrick is also said to be in talks about investing in blockchain-based companies, such as Businessinsider writes. With his entry into Bitcoin, Soros is following a whole series of investment companies that want to or already are active in the field of cryptocurrencies in the future. The Bitcoin course was not impressed by this and continues to hover just above the $ 33,000 mark.
Soros entry “positive or negative” for Bitcoin
Bitcoin-friendly tech investor Anthony Pompliano commented on the news with the words: The Soros investment could be positive or negative for the cryptocurrency, depending on how its investment company does the trade. For crypto fans, the entry of one of the best-known investors is likely to be seen as a sign that he expects a further increase in the price of Bitcoin and Co.
