Soros Fund Management is said to have started trading Bitcoin and its approval has been given by CIO Dawn Fitzpatrick according to new reports we have on our Bitcoin News.

Soros Fund Management is a private investment firm owned by billionaire George Soros that began trading BTC as part of a wider research into digital assets. People familiar with the matter stated that Dawn Fitzpatrick, chief investment officer at Soros Fund Management, has given the green light to trading BTC and other cryptocurrencies in the past few weeks. Speaking of anonymity, sources say that Fitzpatrick and her team have been researching cryptocurrencies for a while and that the newest company is more than just a “tire” on crypto.

Fitzpatrick was reportedly in talks about private equity acquisitions in leading blockchain-based companies, although the names of those companies were not disclosed. Soros is one of the few companies behind a $ 200 million financing from New York Digital Investment Group, or NYDIG, with Stone Ridge and Morgan Stanley also involved. At the time, NYDIG Co-Founder and CEO Robert Gutmann said the investment round was the only evidence that institutional acceptance of BTC is growing. It’s not entirely clear how the fund manager plans to trade BTC, but stocks investing in the asset are not viewed as bullish as Soros was notorious in 1992 for buying pounds short and breaking the bank. However, Fitzpatrick has been talking about Bitcoin for the past few months, and she even said that cryptocurrencies like Bitcoin are at a tipping point that will catalyze further adoption in the future:

“We have invested in this infrastructure and we think that is the turning point.”

George Soros gave his team the green light to start trading Bitcoin.

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– Pomp (@APompliano) June 30, 2021

According to Dawn Fitzpatrick, Soros Fund Management’s chief investment officer, Bitcoin is at a turning point due to the current global economic climate. However, she warned that the imminent rollout of central bank digital currencies could hurt the number one cryptocurrency in the short term. Founded in 1969 by Georgi Soros, Soros Fund Management is a private hedge fund provider that invests in public equity and bond markets Interview with BloombergThe industry as a whole is “very exciting,” he says.

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