George Soros's family office confirmed that it holds bitcoin, suggesting that large investors are entering the cryptocurrency market, even with only a small number of positions.
Dawn Fitzpatrick, CEO and chief investment officer of Soros Fund Management, said in an interview this week that the company holds some bitcoin, "but not a lot."
Dawn said that while not sure if bitcoin should be seen as a hedge against inflation, it has become a mainstream asset, noting that more than 200 million users currently hold cryptocurrencies with a market capitalization of more than $2 trillion.
It is reported that Soros's hedge fund was ready to invest in cryptocurrencies in 2018, and at the end of June this year, there were media reports that the Soros family office began to test the waters to invest in cryptocurrencies.
Notably, Soros' family office is the third hedge fund firm to enter the cryptocurrency space after Poin 72 and Third Point.
In addition, a number of Wall Street investors also expressed optimism about Bitcoin. The founders of FairLead Strategies believe that Bitcoin can be as high as $65,000. Cathie Wood expects Bitcoin to rise to $500,000 in five years.
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