George Soros -owned giant fund management firm, Soros Fund Management is reportedly investing in Bitcoin (BTC) and has the potential to further expand its portfolio.
Not sure of the exact start date of the investment but in the last few weeks the chief information officer, Dawn Fitzpatrick has given a hint about the crypto investment before it was confirmed by the same individual himself.
In silence, apparently this firm has long been 'stalking' the crypto sector. Not enough of that, rumors have surfaced linking Fitzpatrick is in talks to secure private investment in a leading blockchain-based organization.
However, there is no further explanation on the matter.
Soros Fund Management finally ventured into the crypto sector after Soros claimed Bitcoin as a ‘typical bubble’ in January 2018.
Ironically, Soros ’bold investment principle:“ When I see a bubble forming I rush in to buy, adding fuel to the fire. (When I saw the potential of the bubble I immediately bought, exacerbating the situation) ”does not reflect the current crypto market.
This giant company is also known as a family business. Previously better known as a hedge fund.
Arguably this firm is one of the companies in the United States (US) that has managed to generate an annual profit of over 20% for a period of four decades. At the same time, they also own over $ 20 billion in assets under management (AUM).
