Bitcoin is more than just a hedge against inflation!

The CEO and Investment Director of . Fund Soros Soros, which is a private investment management company in the United States with more than 6 billions of dollars from assets under management (AUM)، Dawn Fitzpatrick, joined the Bloomberg for an interview in 5 October to discuss market expectations, inflation, and Bitcoin.

where she said Fitzpatrick reporter Bloomberg، Erik Schatzker, At the top Bloomberg Invest Global Summit:

“The price of Bitcoin reach 50 A thousand dollars, and I think that's the really interesting thing, and I'm not sure it's just seen, as an inflation hedge here."

as revealed Fitzpatrick Also, her fund owns Some cryptocurrencies But it is not clear whether it refers to Bitcoin.

From her point of view, I have Bitcoin It is not viewed exclusively as a way to hedge against inflation, contrary to the opinion of some major investors such as Paul Tudor Jones.

I have stated Fitzpatrick:

“I think Bitcoin Bitcoin The chasm has crossed into the mainstream now.”

The CEO and CIO of Soros Soros Finance, adding that cryptocurrencies in general have become a wide market and said:

“Cryptocurrencies now have a market cap of over 2 trillion dollars, there are more than 200 1 million users from all over the world, so I think this is becoming mainstream.”

When asked about the current market strategy for her financing fund, she answered Fitzpatrick, that high inflation, coupled with low interest rates, would drive the Fund Soros Finance, to reap some profits and borrow against some securities in order to store liquidity. In her view, a market crash is also looming.

where she said:

“I think we were all surprised by how long "high inflation" As if it will continue now, but it is fair to say, that most of my carriers Bitcoin They weren't very surprised.”

Fitzpatrick:

“A large part of this is supply-side inflation (or what economists call cost-push inflation), and it's not clear whether monetary instruments handle supply-side inflation well.

And I think the risks are that it could become a self-supporting one.”

Notably, in a world of quantitative easing and high inflation, which undermine purchasing power, Bitcoin comes as a savior.

The peer-to-peer electronic cash network allows anyone to store value and its transactions in a currency that cannot be degraded or confiscated.

While many prominent economists and investors are not yet aware of this fact, indicating that we are still early days.