The manager of georgesoros’s fortune says that crypto is here to stay
She has pointed to the fact that mutual fund giant Fidelity recently announced that its customers would be able to invest a portion of their retirement funds in Bitcoin, a move that could significantly bolster cryptocurrency adoption.At the same time, Fitzpatrick believes that companies that mainly hold their treasury funds in crypto are vulnerable in the near term.
Cryptocurrency prices have been under extreme pressure over the past few months, with Bitcoin logging nine consecutive weeks of losses.CoinGeckoFitzpatrick told Bloomberg that the U.S. economy would be able to absorb the Fed’s rate hikes without heading into a recession.
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