BITCOIN

George Soros Fund CEO Fitzpatrick Bitcoin Inflation Hedge Going Mainstream

  • Bitcoin is seen as a hedge of inflation, said Fitzpatrick, CEO of Soros Fund. “I think it’s over the mainstream,” he told Bloomberg in an interview.
  • Fitzpatrick further revealed that he has “some coins” in his fund but not many.
  • Soros Fund CEOs and CIOs share that inflation and real negative interest rates are encouraging people to deposit their funds in cash and prepare for a market crash and do the same.

Don Fitzpatrick, CEO and Chief Investment Officer of Soros Fund, a private investment management firm in the United States, has joined management under more than িয়ন 1 billion in assets (AUM). Bloomberg For an interview on 5 October to discuss market outlook, inflation and Bitcoin.

“Bitcoin is at 50,000 50,000 and I think it’s a really interesting thing, I’m not sure that Bitcoin is seen here as just an inflation hedge,” Fitzpatrick said. Bloomberg Eric Shatzkar at the Bloomberg Invest Global Summit.

Fitzpatrick further revealed that he had “some coins” in his fund, but it was not clear if he was talking about bitcoin. In his view, Bitcoin has many users worldwide and is not only seen as an inflation hedge, contrary to the views of some mainstream investors like Paul Tudor Jones.



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