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George Soros firm CEO confirms its involvement with Bitcoin and other cryptocurrencies

Updated: Oct 7, 2021

"The coins themselves are less interesting than the use cases of DeFi," its CEO told Bloomberg.

In a recent article on Markets Insider, CEO Dawn Fitzpatrick confirmed the firm's involvement in the cryptocurrency space. Soros Fund Management's confirmation comes as Bitcoin, the world's largest cryptocurrency, is experiencing extreme bullish volatility as it has now surpassed a market cap of $1 Trillion. For those actively following the space, this should come as no surprise, as this past year has been full of non-stop news regarding banks and hedge funds gradually building their crypto exposure as this new global asset class has become too large to ignore.

Even players like JP Morgan have been adding crypto fund access for its wealth management clients, even though its CEO Jamie Dimon has made numerous negative statements toward bitcoin and cryptocurrencies. This may be a situation where retail investors need to look what these large institutions are actually doing, not necessarily what they say.

Any information found here should not be considered to be financial advice. Please do your own research or consult a financial advisor before making investment decisions.

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