Soros Fund’s CEO: Recession Is Inevitable and Crypto Is Here to Stay
Soros Fund Management’s chief executive and chief investment officer, Dawn Fitzpatrick, says cryptocurrency is here to stay and it’s already gone mainstream. She also believes that a recession is inevitable Soros Fund’s CEO: Crypto Is Here to Stay Dawn Fitzpatrick, chief executive and chief investment officer of Soros Fund Management, discussed cryptocurrency and the U.S. economy in an interview with David Rubenstein, aired Tuesday on Bloomberg. Soros Fund Management was founded in 1970 by George Soros and his former business partner Jim Rogers. Fitzpatrick was asked....
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President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, Biden insisted that the U.S. will “overcome this inflation” while Yellen admitted that “inflation is unacceptably high.”
Biden: U.S. Recession Isn’t Inevitable
President Joe Biden reiterated to reporters Monday in Rehoboth Beach, Delaware, that a U.S. recession is not “inevitable.”
Asking Biden about a potential recession, a....
Soros Fund Management's CIO said that Bitcoin is no longer out on the fringes, thanks to the debasement of the U.S. dollar over the past year. Soros Fund Management chief information officer Dawn Fitzpatrick said Bitcoin (BTC) may once have been considered a fringe asset, but the inflation of the United States dollar has changed that.Speaking to Bloomberg, Fitzpatrick said her firm — an asset management fund created by global investor George Soros — had recently begun to take an interest in Bitcoin.“We think the whole infrastructure around crypto is really interesting, and we’ve been....
One of the crypto winter catalysts was the Federal Reserve’s announcement of a rate increase to curb inflation, taking the country towards a recession. As soon as the information reached the crypto community, investors and traders started a panic sell-off that plummeted crypto prices. Even though the Terra crash exacerbated the situation, prices have fluctuated […]
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects the bear market to get much worse, adding that this recession will be the worst in his lifetime. “We are probably going to have one last rally but that will be it,” he predicted. “Then we are coming to the end of the line. Be worried.” Jim Rogers on the Worst Recession in His Lifetime Famed investor Jim Rogers shared his view about the U.S. economy in an interview with Business Today, published Monday. Rogers is George Soros’ former business partner who....
Bitgold, a Canadian startup looking to provide global access to gold through bitcoin, is set to go live in mid-February following the completion of its private beta phase. What has some raising an eyebrow in interest is that George Soros of Soros Brothers Investments seemingly holds a stake in the company, and some are wondering if the Hungarian-born business mogul and philanthropist suddenly has a newfound interest in cryptocurrency. George Soros has been a news figure since the 1970s, and has donated billions of dollars to a number of worthy causes including human rights, education and....