Soros Fund Management with US$27 billion under AUM starts Trading Bitcoin (BTC), Explores Other Digital Assets

A recent report (based on the inputs of two persons having direct knowledge on the matter) claimed that Soros Fund Management has actively started trading Bitcoin (BTC). It also says that the global fund manager (having over US$27 billion) is also looking forward to investment opportunities in other cryptocurrencies. Financial news website, TheStreet, has said that the private investment firm of billionaire George Soros has reportedly started trading BTC as a part of its effort of exploring digital assets.

In the last few weeks, Soros Fund Management’s Chief Investment Officer, Dawn Fitzpatrick, has reportedly given green light to the trade of Bitcoin and other altcoins. The report also quotes a source saying that Fitzpatrick and her team were exploring cryptos for quite some time now. The latest venture into trading BTC and altcoins is reportedly “more than just kicking the tires” on crypto coins. When contacted, Soros Fund Management’s spokesperson declined to comment.

Anthony Pompliano, an entrepreneur, investor, and a prominent voice in the crypto industry, has already aired his voice through his Twitter handle (APompliano), saying:

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

This could be a positive or a negative depending on how they trade it :) https://t.co/fq4LsE77gx”

In fact, the reports of Soros Fund Management investing in Bitcoin and other cryptocurrencies came at a time after Fitzpatrick spoke favorably about BTC in recent months. She had said that the largest cryptocurrency (in terms of market cap) and other altcoins are currently at an “inflection point”, which could lead to greater adoption in the future.

In March 2021, Fitzpatrick had told Bloomberg:

“We’ve been making some investment into that infrastructure and we think that is at an inflection point.”

In a statement earlier this year she also said:

“When it comes to crypto generally, I think we are at a really important moment in time in that something like Bitcoin might have stayed a fringe asset, but for the fact that over the last 12 months we’ve increased money supply in the U.S. by 25% percent [such that] there is a real fear of debasing fiat currencies.”

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