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George Soros: Family Office holds Bitcoin in its portfolio



George Soros's net worth is estimated at $ 8.6 billion. According to the latest findings, part of it is in Bitcoin. At the beginning of the year, there were already rumors that Soros could be invested.

Now CEO Dawn Fitzpatrick has confirmed that the family office "Soros Fund Management" is invested in cryptocurrencies. How much is not known? In addition, Fitzpatrick relativized the importance of which coins the company holds or trades. Accordingly, it is probably not a major investment and use cases such as decentralized finance are viewed as more interesting than the cryptocurrencies themselves, as Fitzpatrick went on to explain.

The comment reveals that Fitzpatrick doesn't necessarily have Bitcoin in mind when considering cryptocurrencies. Apparently, it is smart contract platforms that have aroused particular interest.

Bitcoin is mainstream

The assessment that Fitzpatrick gave in an interview with Bloomberg was very positive despite the reluctance to ask which coins to invest in. Because cryptocurrencies have therefore made the leap to a real mass market.

Fitzpatrick determined this in particular by the market capitalization of a good 2 trillion US dollars. She also took the fact that around 200 million people around the world actively use cryptocurrencies as a further indication. In her opinion, Bitcoin has thus arrived in the mainstream and should no longer be viewed exclusively as a means of protecting against the threat of inflation.

Billionaires get in   

Even if it is not known how high the investment of the fund is, Soros is not alone. As early as 2020, Michael Saylor was joined by more and more entrepreneurs and billionaires who announced they were betting on Bitcoin.

Star investor Stanley Druckenmiller is among them. It is therefore only likely that the demand from family offices will increase in the future if they have not already stocked up on Bitcoin and other cryptocurrencies. Overall, this commitment should not be overstated, as many of these heavyweight investors only invest a very small portion of their assets in cryptocurrencies. For many of them, Bitcoin is just one of many investments in the end.

However, the positive effect here is that cryptocurrencies are being considered as a serious investment after they previously had an image problem for long stretches of their short existence.

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