AA NewsBitcoinBTCEURBTCGBPbtcusdBTCUSDTCBDCChinaCrypto NewsSocial

Soros Fund Management Has Invested in Cryptocurrency Infrastructure, Said CIO

Bitcoin is at its “inflection point” caused by the current global economic situation, said Dawn Fitzpatrick – the Chief Investment Officer of Soros Fund Management.
However, she also warned that the upcoming launch of CBDCs could harm the first-ever cryptocurrency in the short-term.
BTC’s Inflection Point
Founded in 1969 by Georgi Soros, Soros Fund Management is a privately owned hedge fund sponsor investing in public equity and fixed income markets. The organization’s CIO recently spoke about the growing cryptocurrency space in a Bloomberg interview and said that the whole industry is “very interesting.”
She noted that the Wall Street giant has already made several investments in the infrastructure and is looking to reaffirm its support.
“When it comes to crypto generally – we are in a really important moment in time. Something like bitcoin might have stayed a fringe asset, but for the fact that over the last 12 months, we have increased the money supply by 25% – so there’s a real fear of debasing fiat currencies.
When you think about bitcoin, I don’t think it’s a currency; it’s a commodity. But it’s a commodity that’s easily storable, easily transferrable. It has a finite amount of supply, and that supply halves every four years.”
Soros Fund Management has previously displayed a somewhat controversial approach towards the primary cryptocurrency in the past. The founder called BTC a “typical bubble” in mid-2018, but the organization started trading bitcoin and other crypto assets just a few weeks following later.
Dawn …
Story continues on Crypto Potato

Related posts
NewsNews 1RippleSocialTrading ViewXRP

Ripple requests court to keep these documents under seal; here's why

In the ongoing case of the U.S Securities and Exchange Commission v. Ripple Labs, it would seem that not one day passes without one of the parties filing a new letter or a motion. This time, it’s the The post…
AltcoinsAnalysisHideCryptopanicNewsNews 1SocialTrading View

Ethereum Classic, Monero, Uniswap Price Analysis: 26 March

The altcoin markets saw strong losses in recent hours, but Ethereum Classic and Uniswap could post quick recoveries. Monero had faced difficulty climbing above $230 but had strong demand at $205. EthThe post Ethereum Classic, Monero, Uniswap Story continues on…

Bitcoin no longer a fringe asset due to US dollar debasement, says Soros Fund exec

Soros Fund Management’s CIO said that Bitcoin is no longer out on the fringes, thanks to the debasement of the U.S. dollar over the past year. Soros Fund Management chief information officer Dawn Fitzpatrick said Bitcoin (BTC) may once have…