March 29, 2024

George Soros sells off stocks and invests in bitcoin

George Soros sells off stocks and invests in bitcoin

The family foundation of billionaire George Soros holds Bitcoin. This was confirmed by the general and investmentSoros Fund Management director Don Fitzpatrick in a conversation with Bloomberg on Tuesday.

“We keep some coins, not very many. By themselves, these coins are not nearly as interesting as DeFi use cases and other such things. ""I said," she said.

Earlier this year, the network has already appearedinformation that the Soros fund began investing in bitcoin, but it was not officially confirmed. The fund also owns stakes in crypto companies NYDIG and Lukka.

“I don’t know if Bitcoin is considered only a meansinflation protection. He crossed the border to mass distribution. Cryptocurrencies have a capitalization of more than $ 2 trillion. They are used by 200 million people worldwide, so I think they have entered the mainstream. "Fitzpatrick continued.

At the same time, she announced that after investing $ 5billion into the stock market during the March 2020 crash, the firm once again began building up cash reserves by selling shares. Nevertheless, if a new crisis hit the market, the fund would be ready to quickly allocate another $ 5 billion to buy assets.

Not all shares are eligible for sale, Fitzpatrick said. Recovery stocks are still cheap enough to buy.

“These companies have learned to do better. American consumers now have a lot of money and they need experience, not goods. "She added.

Earlier Fitzpatrick said that without the pandemic and the economic crisis, Bitcoin would remain a minor asset.

Where is it more profitable to buy and sell cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

George Soros sells off stocks and invests in bitcoin

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