George Soros Foundation Prepares to Start Trading Cryptocurrencies

Founded by billionaire George Soros, Soros Fund Management will be able to engage in bitcoin trading inas part of its strategy to master the digital asset space. Writes about this The Street, citing sources.

According to them, the investment director of Soros FundManagement Don Fitzpatrick has approved trading in Bitcoin and potentially other cryptocurrencies in recent weeks. and they also argue that Fitzpatrick has been researching digital assets with his team for some time, and this decision is more than just research work with no further plans.

In addition, Fitzpatrick is believed to be leadingnegotiations on the acquisition of a stake in blockchain lending projects, however, their names have not been specified. Earlier, the Soros Foundation took part in the $ 200 million investment round of NYDIG, which helps large institutions to invest in bitcoin. Fitzpatrick has recently spoken positively about bitcoin - she said in March that the cryptocurrency is at a tipping point, after which its distribution could accelerate dramatically.

“We are making some investments in this infrastructure and we consider the current moment to be a turning point,” she said.

A representative of Soros Fund Management declined to respond to The Street's request.

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