Soros invests in bitcoin due to fear of fiat depreciation

Don Fitzpatrick, Chief Investment Officer at Soros Fund Management, said the fund is investingfunds in cryptocurrencyindustry, as it seesa tipping point for bitcoin and other cryptoassets.

When asked if she owns bitcoins, Fitzpatrick mysteriously replied that she was not going to answer that question.

Without disclosing her personal crypto assets, the top manager spoke about her views on the cryptocurrency industry:

"We think all the infrastructure in the crypto space is really interesting.I would say that everything from the asset managers of the exchange to such mundane things as tax reporting on cryptocurrency income and everything in between is very interesting."

She then went on to explain how the Federal Reserve's money printing is a factor in Bitcoin's success.

"We're at a really important point in time where something like Bitcoin could remain a minor asset.But in the last twelve months, we've increased the money supply in the U.S. by 25%.So there's a real fear of fiat currencies depreciating."

According to her, bitcoin is not a currency, but a commodity that is easy to store and transfer. The IRS also classifies it as a limited supply physical asset.

Regarding the launch by the central bankown digital currencies (CBDC), Fitzpatrick noted that they will appear faster than people expect. China is currently leading the CBDC race as the country has already conducted several digital yuan tests.

"There are several strategic reasons why they are going to be pioneers.I see it from a geopolitical point of view: they want to use the currency all over the world.And that's a potential threat to bitcoin and other cryptocurrencies."

While Fitzpatrick believes CBDCs pose a threat to cryptocurrency, it will be temporary as it is impossible to permanently destabilize Bitcoin.

Where is it more profitable to buy bitcoin? 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	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

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.
• 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.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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