George Soros’ investment fund is reportedly trading Bitcoin

George Soros’ investment fund is reportedly trading Bitcoin

The news recently broke that the hedge fund company Soros Fund Management has been investing in cryptocurrencies. The fund, which is managed by the billionaire, is made up of 12.3 billion dollars and has been trading cryptocurrencies, including Bitcoin, according to Bloomberg.

As the Bitcoin price continues to rise, and with it the number of Bitcoin-related companies on the stock market, the question “What is Bitcoin?” is being asked more and more. This article provides an answer to that question, and takes a look at the various investments that George Soros’s Soros Fund Management has made in Bitcoin, as well as the speculation being made about whether the fund will make another investment in the Bitcoin futures market.

George Soros, one of the most influential currency speculators in the world, is reportedly investing in the cryptocurrency market. According to the Financial Times, George Soros Fund Management has been buying Bitcoin along with other cryptocurrencies for the past few months.

George Soros’ investment fund is reportedly trading Bitcoin

Soros Fund Management, the private equity firm of billionaire George Soros, is reportedly trading bitcoin (BTC) as part of a broader exploration of digital assets, according to financial news site TheStreet.

People familiar with the matter told writer Michael Bodley that Dawn Fitzpatrick, chief investment officer of Soros Fund Management, has given the green light to trade in bitcoin and possibly other cryptocurrencies in recent weeks. Speaking on condition of anonymity, sources said Fitzpatrick and her team have been researching cryptocurrencies for some time and that the latest project is more than just a trial of digital assets.

A representative of Soros Fund Management contacted TheStreet but declined to comment.

Fitzpatrick is also reportedly in talks to take a private stake in leading blockchain-based companies, although the names of these companies have not been disclosed. According to Cointelegraph, Soros Fund Management was one of the companies behind the $200 million funding of the New York Digital Investment Group, better known as NYDIG. MassMutual, Morgan Stanley and Stone Ridge Holdings Group also participated.

Robert Gutmann, co-founder and CEO of NYDIG, said at the time that the round proved that institutional adoption of bitcoin is on the rise.

TheStreet’s report has already made the rounds on Twitter, and several industry figures have joined the discussion.

George Soros has given his team the green light to trade bitcoin.

This can be positive or negative, depending on how they behave:)https://t.co/fq4LsE77gx

– Pomp (@APompliano) 30. June 2021

Related: Financial advisors must lead institutional push for cryptocurrency adoption

It’s not entirely clear how Soros Fund Management plans to trade bitcoin, if at all. An investment in digital assets should not necessarily be considered bullish, given that Soros made his reputation by going short in the British pound in 1992 and effectively breaking the Bank of England.

Still, Fitzpatrick has been positive about bitcoin in recent months. In March, she said cryptocurrencies like BTC are at a turning point that could serve as a catalyst for wider adoption in the future.

We are investing in this infrastructure and we think we are at a turning point, she told Bloomberg in March.A recent report by Bloomberg revealed a link between Soros Fund Management, a prominent hedge fund, and bitcoin. The report suggested that the company’s chief trader, Michael Bucella, has in the past made significant trades in the bitcoin futures contracts. Bucella did not return requests for comment.. Read more about when to buy bitcoin 2021 and let us know what you think.

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