- Soros Fund Management is opening Bitcoin trading to its traders.
- The go-ahead for this initiative came from its CIO — Dawn Fitzpatrick.
- Many US-based firms are opening Bitcoin buying for their users.
Another financial titan has jumped on the Bitcoin trading bandwagon. Soros Fund Management just opened the doors for Bitcoin trading to all its traders.
The private American investment management firm told TheStreet this news. Sources say that the approval for trade came from CIO — Dawn Fitzpatrick. Traders can soon freely indulge in Bitcoin trading. However, the word on trading altcoins is still up in the air. It wouldn’t be surprising if the firm went ahead and greenlit that notion as well.
According to the CEO of Voyager Digital, its platform gets more buyers than sellers. Moreover, some of the most traded cryptos are altcoin. In particular, he highlights Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE).
Meanwhile, other tech and finance titans have also enabled Bitcoin trading. For instance, NCR Corp and NYDIG are collaborating to bring Bitcoin buying to over 24 million people. About 650 US banks will soon open Bitcoin buying to its users.
As for the price of Bitcoin, most analysts predict that it will recover very soon. While some are afraid another collapse is imminent, others are certain Bitcoin will hit incredible new all-time highs. Specifically, the CEO of Nexo predicts $100,000.
Similarly, the CEO of Celsius predicts that the Bitcoin price will reach $160,000. The company also recently announced that it will relocate its operations completely from the UK to the US.
In hindsight, this seems to have been a smart move. Mostly because the US is embracing Bitcoin and crypto trading fully with Bitcoin ATMs as well. On the other hand, the UK is having more and more banks limit their users in trading cryptos.
More so, exchanges such as Binance and Kraken were targets in the UK’s mission to tighten regulations in the nation. The country is trying its best to protect its citizens from repeated cases of crypto and Bitcoin scams.