Billionaire George Soros Owns Bitcoin, But Finds DeFi More Interesting

The Soros Fund Management, the so-called family office of billionaire George Soros, has invested in bitcoin (BTC). Dawn Fitzpatrick, CEO of the Soros Fund, revealed this in an interview with Bloomberg, published Oct. 5.

“We have some [bit]coins, not much, and the coins themselves are less interesting than DeFi’s use cases and stuff like that.”

According to Fitzpatrick, who now finally confirms rumors from the end of June that Soros owns cryptocurrency. The interview is mainly about the current geopolitical situation, inflation, oil prices, the energy crisis in Europe and that the Soros Fund will refrain from investing in China from now on.

About bitcoin, Fitzpatrick says that it is not only seen as a so-called safe haven, but that crypto has now reached the mainstream:

“I’m not sure if bitcoin is just seen as an inflation hedge. Here I think it has crossed the divide into the mainstream. Cryptocurrencies now have a market cap of over $2 trillion. There are 200 million users around the world, so I think this is mainstream now.”

Fitzpatrick does hint that the Soros fund is open to decentralized finance (DeFi) projects, but does not reveal any further details. Born in Hungary in 1930, Soros is estimated to be worth about $9 billion after donating more than $32 billion to the Open Society Foundations (OSF).

In early 2019, Alex Jones, the controversial conspiracy theorist, claimed in an interview with radio host Joe Rogan that Soros asked him to invest $5 million in bitcoin. However, that sounds very unlikely. The entire interview with Fitzpatrick of Bloomberg can be seen on YouTube:

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