Dawn Fitzpatrick, chief investment officer of Soros Fund Management, gave the green light for the company to invest in Bitcoin and other altcoins. According to TheStreet news, which says that more serious steps have been taken on this issue in recent weeks, the Soros Fund may soon confirm this officially.
The statement made by Dawn FitzPatrick in March showed that the company was already interested in cryptocurrencies. Announcing that cryptocurrencies have entered a new “inflection point”, FitzPatrick has been evaluating the issue of crypto investment for a while.
In this news, which is based on people associated with the company, it is said that Soros Fund Management especially welcomes Bitcoin trading. Moreover, this may not be limited to Bitcoin only. Soros Fund Management, the family business of George Soros, can also invest in Ethereum, Litecoin and other altcoins.
George Soros described Bitcoin as a “bubble” three years ago. Moreover, this statement coincided with the days when Bitcoin reached the ATH point at that time.
But it’s worth remembering that George Soros has always prided himself on investing in bubbles that are forming. There is even a saying that “when I see a balloon forming, I throw more wood on the fire and buy it”. If he learned from his 2010 investment in Gold, Soros will not sell his crypto holdings until he sees a serious peak.
Soros Fund Management
SFM, a private investment company, is headquartered in America. The company has a history of nearly 51 years and is managed by George Soros. The group, which has subsidiaries such as Quantum Emerging Growth Partners C V, SFM UK Management LLP, makes investments in many different areas.
David Milich, who is currently responsible for the management of the company, has been carrying out many tasks together for about 4 years.
The founder of the company, George Soros, is an investor with Hungarian and US citizenship. It is known that his personal wealth is around 9 Billion dollars.
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