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Bitcoin

George Soros Investment Fund reportedly trades in Bitcoin

June 30, 2021 - Around 2 mins mins to read

Soros Fund Management, billionaire George Soros’s private investment firm, is reportedly trading Bitcoin (BTC) as part of a broader research into the digital asset, according to financial news site TheStreet.

People familiar with the matter told author Michael Bodley that Dawn Fitzpatrick, chief investment officer at Soros Fund Management, has given the green light to trading Bitcoin and possibly other cryptocurrencies over the past few weeks. On condition of anonymity, the sources said that Fitzpatrick and her team have been researching cryptocurrencies for some time and that the newest company is “doing more than tirelessly treading on digital assets.”

A spokesman for Soros Fund Management was contacted by TheStreet but declined to comment.

Fitzpatrick has also reportedly been in talks about private equity acquisitions in leading blockchain-based companies, although the names of those companies were not disclosed. As reported by Cointelegraph, Soros Fund Management is one of the firms behind the $ 200 million funding from the New York Digital Investment Group, also known as NYDIG. MassMutual, Morgan Stanley and Stone Ridge Holdings Group also attended.

At the time, NYDIG co-founder and CEO Robert Gutmann said the investment round was evidence that institutional bitcoin adoption was on the rise.

The report from TheStreet has circulate on Twitter, with several prominent industry voices participating in the discussion.

Related: Financial Advisers Lead Institutional Push To Adopt Cryptocurrencies

It’s not entirely clear how Soros Fund Management plans to trade Bitcoin, if at all. Investing in digital assets is not necessarily considered bullish as Soros was known to short sterling in 1992, effectively breaking the Bank of England.

However, Fitzpatrick has spoken out in favor of Bitcoin for the past few months. In March, she said cryptocurrencies like BTC were at a “tipping point” that could lead to more adoption in the future.

“We’ve invested something in this infrastructure and we think that’s the turning point,” she told Bloomberg in March.

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Bitcoin

George Soros Investment Fund reportedly trades in Bitcoin

Soros Fund Management, billionaire George Soros’s private investment firm, is reportedly trading Bitcoin (BTC) as part of a broader research into the digital asset, according to financial news site TheStreet.

People familiar with the matter told author Michael Bodley that Dawn Fitzpatrick, chief investment officer at Soros Fund Management, has given the green light to trading Bitcoin and possibly other cryptocurrencies over the past few weeks. On condition of anonymity, the sources said that Fitzpatrick and her team have been researching cryptocurrencies for some time and that the newest company is “doing more than tirelessly treading on digital assets.”

A spokesman for Soros Fund Management was contacted by TheStreet but declined to comment.

Fitzpatrick has also reportedly been in talks about private equity acquisitions in leading blockchain-based companies, although the names of those companies were not disclosed. As reported by Cointelegraph, Soros Fund Management is one of the firms behind the $ 200 million funding from the New York Digital Investment Group, also known as NYDIG. MassMutual, Morgan Stanley and Stone Ridge Holdings Group also attended.

At the time, NYDIG co-founder and CEO Robert Gutmann said the investment round was evidence that institutional bitcoin adoption was on the rise.

The report from TheStreet has circulate on Twitter, with several prominent industry voices participating in the discussion.

Related: Financial Advisers Lead Institutional Push To Adopt Cryptocurrencies

It’s not entirely clear how Soros Fund Management plans to trade Bitcoin, if at all. Investing in digital assets is not necessarily considered bullish as Soros was known to short sterling in 1992, effectively breaking the Bank of England.

However, Fitzpatrick has spoken out in favor of Bitcoin for the past few months. In March, she said cryptocurrencies like BTC were at a “tipping point” that could lead to more adoption in the future.

“We’ve invested something in this infrastructure and we think that’s the turning point,” she told Bloomberg in March.

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.

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