George Soros's fund holds Bitcoin, CEO says that cryptocurrency has become a mainstream -
George Soros's fund holds Bitcoin, CEO says that cryptocurrency has become a mainstream -
Soro's Fund Management, founded by the billionaire George Soros, invested in Bitcoin. The CEO of the wealth management company says that Bitcoin is not just an Inflation protection: "I think it has exceeded the gap to the mainstream."
The CEO of Soro's Fund Management says that Bitcoin has become a mainstream
SOROS Fund Management, which was invested in Bitcoin by the billionaire George Soros, the CEO of the fund, Dawn Fitzpatrick, announced in an interview with Bloomberg published on Tuesday.
fitzpatrick is both CEO and Chief Investment Officer (CIO) from Soro's Fund Management. She is the first person to have both titles.
In terms of inflation, she said: "If you watched gold in September, it had dropped by 5 %, so I think that the fear of devaluation of the US dollar has decreased to a certain extent." In addition, she stated: "The IMF has just released a kind of reserve currency balance and the US dollar has stopped losing ground."
Nonetheless, Bitcoin is traded over $ 50,000. Comment on the rapid price increase of btc , fitzpatrick said:
I am not sure whether Bitcoin is only seen as inflation protection here. I think it exceeded the abyss to the mainstream. Cryptocurrencies now have a market capitalization of over $ 2 trillion. There are 200 million users all over the world. I think that has become mainstream from our point of view.
The CEO of Soro's Fund Management announced:
We have some coins, but not many, and the coins themselves are less interesting than the applications of Defi [Decentralized Finance] and such things.
in March, fitzpatrick that the digital currencies of the central banks (cbdcs)" one) Potential threat to Bitcoin and other cryptocurrencies ”. However, she said that the threat "will be temporary" and emphasized: "I don't think they will be able to permanently destabilize Bitcoin."
At the time of writing, Bitcoin is traded at $ 53,982.51 and its market capitalization is about $ 1.2 trillion. What do you think that the CEO of Soro's Fund Management says that Bitcoin has become a mainstream? Let us know in the comment area below. Bedy verification : Shutterstock, Pixabay, Wiki Commons
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