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
Soros Fund Management CEO Don Fitzpatrick confirmed in an interview with Bloomberg that the George Soros fund owns bitcoins. According to Fitzpatrick, the fund invested a small amount in the first cryptocurrency, but other sectors of the crypto industry, such as DeFI (decentralized finance), are of more interest to him.
The total market capitalization has already exceeded $ 2 trillion, recalled the CEO of Soros Fund Management. She also added that due to the rapid growth of the crypto market, bitcoin is no longer seen only as a means of protection against inflation. The first cryptocurrency can now be considered "mainstream," Fitzpatrick said.
In July of this year, The Street, citing its own sources, reported that Soros Fund Management had started trading bitcoins. Sources said Fitzpatrick and others at the foundation studied digital assets for a long time before starting to work with them.
Soros Fund Management is ranked as the second most successful hedge fund of all time by Institutional Investor . From its founding in 1970 by George Soros and Jim Rogers to 2019, the fund has brought investors 44% per annum.