The price of the world’s most valuable cryptocurrency spiked nearly 10% Wednesday morning to around $55,000, following news that the investment firm founded by billionaire George Soros owns bitcoin.
Soros, who is famous for making big money on traditional currency investments, is rumored to have been trading in bitcoin for the past few months.
And the head of Soros Fund Management argues bitcoin has even more long-term potential: “I’m not sure bitcoin is viewed only as an inflation hedge…
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