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
