Legendary investor George Soros is trading bitcoin after eyeing digital tokens for years, report says

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Legendary investor George Soros is trading bitcoin after eyeing digital tokens for years, report says

The investment firm of hedge fund legend George Soros is actively trading bitcoin, after its chief investment officer Dawn Fitzpatrick gave the green light to get involved with digital currencies, reported on Wednesday. Soros Fund Management has been looking at investing in cryptocurrencies . In recent months, a number of hedge and investment funds have been drawn to the market, which was worth before the latest plunge in prices. Fitzpatrick, the chief investment officer at Soros Fund Management, approved traders to prepare to trade bitcoin in recent weeks, people familiar with the matter told The Street. She in March that a fear that governments and central banks were debasing fiat currencies was driving demand for bitcoin. Fitzpatrick said she viewed bitcoin more as a commodity than as a currency. Soros Fund Management has previously made investments in crypto infrastructure. The firm was once a hedge fund but is now structured as a family office, and manages around $27 billion, Bloomberg said in March. It was one of a handful of firms that backed New York Digital Investment Group in a funding round, alongside Morgan Stanley and others. Bitcoin bull and tech investor Anthony Pompliano said that Soros' investment could be

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