{"id":12959,"date":"2021-10-08T02:54:06","date_gmt":"2021-10-08T02:54:06","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/george-soros-fund-holds-bitcoin-ceo-says-cryptocurrency-has-gone-mainstream\/"},"modified":"2021-10-08T02:54:06","modified_gmt":"2021-10-08T02:54:06","slug":"george-soros-fund-holds-bitcoin-ceo-says-cryptocurrency-has-gone-mainstream","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/george-soros-fund-holds-bitcoin-ceo-says-cryptocurrency-has-gone-mainstream\/","title":{"rendered":"George Soros\u2019 Fund Holds Bitcoin, CEO Says Cryptocurrency Has Gone Mainstream"},"content":{"rendered":"

Soros 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: \u201cI think it\u2019s crossed the chasm to mainstream.\u201d<\/strong><\/p>\n

Soros Fund Management\u2019s CEO Says Bitcoin Has Gone Mainstream<\/strong><\/h2>\n

Soros Fund Management, the asset management company founded by billionaire investor George Soros, has invested in bitcoin, the fund\u2019s CEO, Dawn Fitzpatrick, revealed in an interview with Bloomberg, published Tuesday.<\/p>\n

Fitzpatrick is both the CEO and chief investment officer (CIO) of Soros Fund Management. She is the first person to hold both titles.<\/p>\n

Discussing inflation, she said, \u201cIf you watched gold in September, it was down 5% so I think the fear of the debasing of the U.S. dollar has receded to a degree.\u201d In addition, she noted, \u201cThe IMF just came out with kind of reserve currency balances and the U.S. dollar has stopped losing ground.\u201d<\/p>\n

Nonetheless, bitcoin is trading above $50K. Commenting on the rapid rise in the price of BTC<\/a>, Fitzpatrick opined:<\/p>\n

I am not sure bitcoin is only viewed as an inflation hedge here. I think it\u2019s crossed the chasm to mainstream. Cryptocurrencies now have a market cap of over $2 trillion. There\u2019s 200 million users around the world. So, I think this has gone mainstream from our perspective.<\/p>\n

The CEO of Soros Fund Management further revealed:<\/p>\n

We own some coins but not a lot, and the coins themselves are less interesting than the use cases of defi [decentralized finance] and things like that.<\/p>\n

In March, Fitzpatrick said<\/a> that central bank digital currencies (CBDCs) \u201cis a potential threat to bitcoin and other cryptocurrencies.\u201d However, she said the threat \u201cwill be temporary,\u201d emphasizing, \u201cI don\u2019t think they\u2019ll be successful in permanently destabilizing bitcoin.\u201d<\/p>\n

At the time of writing, bitcoin is trading at $53,982.51 and its market cap is about $1.2 trillion.<\/p>\n

What do you think about the CEO of Soros Fund Management saying that bitcoin has gone mainstream? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFeatured, Dawn Fitzpatrick, George Soros, soros, soros bitcoin, soros fund bitcoin, soros fund crypto, soros fund cryptocurrency, soros fund defi, soros fund management<\/p>\n","protected":false},"excerpt":{"rendered":"

Soros 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: \u201cI think it\u2019s crossed the chasm to mainstream.\u201d Soros Fund Management\u2019s CEO Says Bitcoin Has Gone Mainstream Soros Fund Management, the asset management company founded by billionaire…<\/p>\n","protected":false},"author":0,"featured_media":12960,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12959"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12959"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12960"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}