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Head of George Soros’ Family Office Predicts Ethereum (ETH) Will Gain Traction Over Bitcoin (BTC): Report

Head of George Soros’ Family Office Predicts Ethereum (ETH) Will Gain Traction Over Bitcoin (BTC): Report

The CEO of an investment management firm founded by George Soros says cryptos have passed the test when it comes to appealing to traditional investors. In an interview with Bloomberg Wealth, Dawn Fitzpatrick of Soros Fund Management (SFM) tells host David Rubenstein that among the top two crypto assets, she believes Ethereum (ETH) will grab […]

The post Head of George Soros’ Family Office Predicts Ethereum (ETH) Will Gain Traction Over Bitcoin (BTC): Report appeared first on The Daily Hodl.

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Soros Fund’s CEO: Recession Is Inevitable and Crypto Is Here to Stay

Soros Fund’s CEO: Recession Is Inevitable and Crypto Is Here to StaySoros Fund Management’s chief executive and chief investment officer, Dawn Fitzpatrick, says cryptocurrency is here to stay and it’s already gone mainstream. She also believes that a recession is inevitable Soros Fund’s CEO: Crypto Is Here to Stay Dawn Fitzpatrick, chief executive and chief investment officer of Soros Fund Management, discussed cryptocurrency and the U.S. […]

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George Soros’ Fund Holds Bitcoin, CEO Says Cryptocurrency Has Gone Mainstream

George Soros’ Fund Holds Bitcoin, CEO Says Cryptocurrency Has Gone MainstreamSoros Fund Management, founded by billionaire investor George Soros, has invested in bitcoin. The CEO of the asset management company says bitcoin is not just an inflation hedge: “I think it’s crossed the chasm to mainstream.” Soros Fund Management’s CEO Says Bitcoin Has Gone Mainstream Soros Fund Management, the asset management company founded by billionaire […]

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George Soros’ Investment Fund Is Reportedly Trading Bitcoin Products

George Soros’ Investment Fund Is Reportedly Trading Bitcoin ProductsThe Hungarian-born American billionaire investor George Soros’ investment fund is actively trading bitcoin investment products, according to reports. Undisclosed sources reveal that bitcoin trading got the green light from the Soros Fund Management chief investment officer (CIO) Dawn Fitzpatrick. Soros Fund Management Reportedly Has ‘Greenlight’ to Trade Bitcoin At the end of March, Bitcoin.com News […]

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Soros CIO: Central Bank Digital Currencies a Real Threat to Crypto but Won’t Permanently Destabilize Bitcoin

Soros CIO: Central Bank Digital Currencies a Real Threat to Crypto but Won’t Permanently Destabilize BitcoinSoros Fund Management’s chief investment officer (CIO) says that central bank digital currencies are a potential threat to bitcoin and other cryptocurrencies but it will only be temporary. She also says that bitcoin is taking some of gold’s buyer base away. Crypto’s ‘Inflection Point’ Soros Fund Management Chief Investment Officer (CIO) Dawn Fitzpatrick talked about […]

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Soros Fund Invests in Crypto, Citing “Real Fear” Around Fiat Supply

Soros Fund Management CIO Dawn Fitzpatrick commented on cryptocurrency on Thursday, stating the fund had been making investments throughout the space.

Fiat Crisis Boosted Bitcoin, Says Soros CIO

Chief investment officer Dawn Fitzpatrick oversees $27 billion for Soros Fund Management. The Soros fund has historically boasted returns of 20% per year, but recently deployed capital into more volatile markets, increasing gains to 30%.

In 2019, the fund oversaw the investment of $305 million into SolarCity, prompting SolarCity chairman Elon Musk to buy the company and merge it with Tesla.

On Thursday, Fitzpatrick revealed in a Bloomberg interview that the fund has invested in crypto exchanges, asset managers, and custodians among other aspects of the ecosystem.

“We’re at a really important moment in time,” said Fitzpatrick. “Something like Bitcoin might have stayed a fringe asset but for the fact that in the last 12 months, we’ve increased the fiat money supply by 25%. So there is a real fear of debasing of fiat currencies.”

Fitzpatrick went on to state that Bitcoin is, in her view, a commodity rather than a currency, commenting on the interesting nature of the BTC halving mechanism.

Bitcoin is Taking Buyers From Gold

Fitzpatrick commented on the sluggish gold market of late, stating Bitcoin may be behind the low volume in gold.

“When you look at gold price action, in the context of a fairly robust inflation narrative of late, it’s struggled getting traction of late and I think that’s because Bitcoin is taking some of its buyer base away.”

When asked if she owned Bitcoin, Fitzpatrick simply laughed, saying “I’m not going to answer that.”

She added that central bank digital currencies (CBDCs) are almost here, stating that there are strategic geopolitical reasons behind China’s effort to become a first mover.

Fitzpatrick views China’s CBDC as a real threat to Bitcoin, but said that the threat is temporary and unlikely to permanently destabilize Bitcoin.

The head of China’s digital currency project commented earlier this week on the CBDC, stating that anonymity will not be feasible.

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