Soros Fund Management owns Bitcoin

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The George Soros asset management firm, Soros Fund Management, owns the bitcoin.

ullstein picture dtl. | Getty Images

Dawn Fitzpatrick, CEO and chief investment officer of the company, revealed in an interview at a Bloomberg event this week that Sorors Fund Management has a few coins, but not a lot.

I’m not sure bitcoin is only considered here as a hedge against inflation, she explained. I think he crossed the chasm to become mainstream.

Fitzpatrick pointed out that cryptocurrencies have a market value of over $ 2,000 billion and over 200 million users.

Bitcoin, which is the most popular cryptocurrency, saw its value rise on Wednesday. It jumped 10%, from about $ 50,000 on Tuesday to over $ 55,000 on Wednesday.

The increase is notable because it came after the Central Bank of China announced that it would ban financial institutions, payment companies, and internet companies from facilitating cryptocurrency trading for Chinese investors, affecting the price of Bitcoins, end of September.

In the United States, Treasury Secretary Janet Yellen and SEC Chairman Gary Gensler have said they have no plans to impose restrictions on cryptocurrency trading.

The Soros company is not alone in adopting cryptocurrency. AMC allows customers to buy movie tickets with crypto, and Twitter allows users to give advice to other content creators with Bitcoin.

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