Once a Bitcoin skeptic not always a Bitcoin skeptic

Team Luno
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  • Soros Fund Management Company, the private investment firm founded by billionaire investor George Soros, has revealed the family office owns “some [bitcoins] … but not a lot.”

 

  • Dawn Fitzpatrick, CEO and chief investment officer of Soros Fund Management added, “I’m not sure bitcoin is only viewed as an inflation hedge here. I think it’s crossed the chasm to mainstream.”

 

  • In March this year, Fitzpatrick acknowledged that her firm had made crypto “investments,” though she remained vague about the details of the investment.

 

  • “When it comes to crypto in general, I think we are at an important moment in time,” said Fitzpatrick. “Something like Bitcoin could have remained a static asset, but the fact that in the last 12 months we have increased the money supply by 25%, there is a real fear of currency devaluation.”
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Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

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