George Soros’s private equity firm Soros Fund Management is already trading BTC as part of a broader digital asset study.
According to media reports, the chief investment officer of Soros Fund Management, Don Fitzpatrick, gave the go-ahead to trade bitcoin (and possibly other cryptocurrencies) just a couple of weeks ago. On condition of anonymity, it is reported that Fitzpatrick and her team have been studying the cryptocurrency sector for some time and the current step is not just idle curiosity.
Soros Fund Management itself has so far declined to comment.
Fitzpatrick is also in talks to acquire a private stake in top blockchain companies, although the names of these companies have not been disclosed. Earlier it was reported that Soros Fund Management was one of several firms to invest in NYDIG.
Some well-known representatives of the crypto community have already spoken about this information, in particular Anthony Pompliano:
“GEORGE SOROS GIVEN GOOD TO HIS TEAM TO TRADE BITCOIN. IT COULD BE POSITIVE OR NEGATIVE NEWS, DEPENDING ON HOW THEY ARE TRADING «
It is not entirely clear how Soros Fund Management intends to trade bitcoin. The position may not necessarily be bullish, especially since Soros earned his reputation for shorting the British pound in 1992.
However, Fitzpatrick has spoken positively about Bitcoin in recent months. She said in March that cryptocurrencies like BTC are at a «tipping point» that could accelerate their adoption in the future.
Learn more about cryptocurrency with us!