• CEO Fitzpatrick confirms that George Soros’ family office owns bitcoin

  • According to Soros Fund CEO/CIO Dawn Fitzpatrick, billionaire investor George Soros’ family office, Soros Fund Management, has invested in bitcoin.

    In an interview on Tuesday, Fitzpatrick stated, “From our perspective, we own some coins, not a lot, and the coins themselves are less interesting than the use use cases of DeFi and things like that.”

    Fitzpatrick’s comments back up earlier this year’s reports that the Soros Fund had begun trading bitcoin, citing anonymous sources. Soros Fund is also an investor in crypto firms such as NYDIG and Lukka, but this appears to be the firm’s first public disclosure of having cryptocurrency direct investments.

    “I’m not convinced that bitcoin is only used as an inflation hedge. Here, I believe it has crossed the chasm into mainstream. Cryptocurrencies now have a market capitalization of more than $2 trillion. There are 200 million users worldwide, so I believe this has gone mainstream “Fitzpatrick continued.

    CBDCs are on their way.

    Fitzpatrick also discussed central bank digital currencies (CBDCs) in March, stating that CBDCs “are going to be here I think sooner than people expect.”

    She cited China’s CBDC trials at the time, claiming that the country’s digital yuan would pose a “potential threat to other bitcoin and other cryptocurrencies.” But she added that it will only be temporary, saying, “I don’t think they’ll be able to permanently destabilize bitcoin.”

    Family offices and hedge fund titans have been investing more heavily in cryptocurrency. Steve Cohen’s Point72 Asset Management, for example, has recently begun investing in cryptocurrency startups like Messari and Zero Hash. Billionaire investor Dan Loeb’s Third Point fund is also said to be invested in cryptocurrency.

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