(Cryptopotato) Soros Fund Management CFO Dawn Fitzpatrick now sees cryptocurrencies as technology and booming industry beyond just an asset class or inflation hedge.
Fitzpatrick, who revealed that Soros Fund owns some digital assets, thinks cryptocurrencies are becoming mainstream, citing the $2 trillion market cap and over 200 million users.
The Soros Fund CFO still believes the coins are less interesting compared to use-cases of DeFi.
Fitzpatrick’s comments deviate from his initial stance of digital assets being more of commodities than currencies.
Soros Fund Management was reportedly said to start Bitcoin trading some months ago, despite remaining keen on the crypto space since 2018.
BTCUSD is up +5.19%, ETHUSD is up +1.65%.
