George Soros Fund CEO Fitzpatrick Bitcoin Inflation Hedge Goes Mainstream


  • Soros Fund CEO Fitzpatrick said bitcoin is seen as more than an inflation hedge. “I think it has crossed the chasm to mainstream,” she told Bloomberg in an interview.
  • Fitzpatrick also disclosed that her fund owns “some coins” but not a lot.
  • The Soros Fund CEO and CIO shared that inflation and real negative interest rates are prompting her fund to pile up cash and prepare for an eventual market crash and encouraged people to do the same.

Dawn Fitzpatrick, the CEO and chief investment officer of Soros Fund, a private investment management firm in the U.S. with over $6 billion in assets under management (AUM), joined Bloomberg for an interview on October 5 to discuss market outlook, inflation, and Bitcoin.

“Bitcoin is at $50,000 and I think that’s the really interesting thing, I’m not sure bitcoin is only viewed as an inflation hedge here,” Fitzpatrick told Bloomberg’s Erik Schatzker at the Bloomberg Invest Global Summit.

Fitzpatrick also disclosed that her fund owns “some coins,” however it was unclear if she was referring to bitcoin. In her view, bitcoin has many users worldwide and is not seen exclusively as an inflation hedge, contrastingly to the opinion of some mainstream investors like Paul Tudor Jones.

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