Crypto News
| Published On Jul 1, 2021 7:00 am CEST  |  Updated on Aug 11, 2023 8:12 am CEST | By Peter Siu

Has George Soros started trading Bitcoin?

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Soros Fund Management, billionaire George Soros’ private investment firm, is reportedly trading Bitcoin. This according to financial news website TheStreet.

As part of a broader exploration of digital assets, Dawn Fitzpatrick, Chief Investment Officer for Soros Fund Management, recently green-lighted to trade Bitcoin and possibly other cryptocurrencies. According to the anonymous sources that TheStreet used, Fitzpatrick and her team have been exploring cryptocurrencies for a long time and that their reported trading activities are “more than just kicking the tires” on crypto.

Soros Fund Management has so far declined to comment.

How Soros Fund Management intends to trade Bitcoin is not entirely clear. And despite Fitzpatrick’s recent favorable comments regarding the cryptocurrency, it remains to be seen what the effects of the Soros fund involvement will be. In 1992 Soros got know for shorting the British Pound and leaving his mark on the Bank of England.

In March, the Soros Fund Management CIO had said that Bitcoin and other cryptocurrencies are at an “inflection point”, which was partly due to the increased money supply in the U.S.

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She further said that Bitcoin is “interesting” and no longer a “fringe asset” and that therefore the Soros Fund Management is investing in cryptocurrency infrastructure. However, she did not go into detail about actual cryptocurrency investments of the Fund.

The news has been circulating on Twitter and a hot topic for discussion.

Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.

Tags: Bitcoin