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    Home » Soros Fund Management Owns Bitcoin, Confirms CEO Fitzpatrick
    Crypto News

    Soros Fund Management Owns Bitcoin, Confirms CEO Fitzpatrick

    October 6, 20211 Min Read
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    Wooden treasure chest with valuables, bitcoins, pennies or dollars isolated over dark background
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    Dawn Fitzpatrick-CFO of Soros Fund Management-recently expressed interest in what makes cryptocurrency interesting to her.

    • In an interview with Bloomberg this Tuesday, Fitzpatrick aired her thoughts. After revealing Bitcoin’s recent jump back to 50,000, Fitzpatrick criticized one of her previous assumptions about crypto.
    • She acknowledged that Bitcoin has crossed the chasm to mainstream and it is no longer only viewed as an inflation hedge.
    • Fitzpatrick further went on to cite the $2 trillion + cryptocurrency market cap and more than 200 million users of digital assets globally.  Cryptocurrency is now more than a new asset class but is a booming industry and technology.
    • Fitzpatrick disclosed that Soros Fund Management owns some cryptocurrencies. The company started trading Bitcoin months ago and has maintained a keen interest in the space since 2018.

    Months back, Fitzpatrick’s views on Bitcoin were different. She referred to it as a commodity than a currency, citing the debasement of fiat currency as a key driver for its demand.

    BTC USD up +5.21%

    Source: Crypto Potato

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