George Soros fund owns bitcoin, CEO confirms
Summary
Hungarian-born US investor and philanthropist George Soros delivers a speech on the sideline of the World Economic Forum (WEF) annual meeting, on January 24, 2019 in Davos, eastern Switzerland. The family office owns "some coins … but not a lot," Dawn Fitzpatrick, CEO and chief investment officer of Soros Fund Management, said in an interview at a Bloomberg event this week. Soros Fund Management, which is renowned for making large profits on traditional currency investments, did not immediately respond to a CNBC request for comment when asked how many bitcoins it owns and when it bought them. Fitzpatrick went on to explain how cryptocurrencies now have a market value of over $2 trillion, with over 200 million users. The price of bitcoin, the worlds most popular cryptocurrency, has jumped 10% from around $50,000 on Tuesday to over $55,000 on Wednesday.