Dawn Fitzpatrick, head of George Soros’ $28 billion family office, says leading altcoin Ethereum is likely to gain ground against Bitcoin amid growing climate concerns.
“Leading altcoin will gain more traction than Bitcoin (BTC)”
In a Bloomberg interview published today, Dawn Fitzpatrick, CEO and chief investment officer of Soros’ $28 billion family office, notes that crypto has already gone mainstream and is here to stay despite the looming risks of a global recession. Dawn Fitzpatrick has this to say on the subject:
Crypto is here to stay. I think it’s gone mainstream. Fidelity has announced that you can include it in your 401(k). One caveat I would like to start off by saying is that climate impacts will increasingly come into focus. So, in that context, I think the leading altcoin, Ethereum, will gain a little more traction versus Bitcoin.
There is much talk about an imminent recession and consequently a recession is inevitable. It is a matter of time. And if you look at what markets are pricing here, they’ll be pricing in the context of 2023 pretty soon (depending on which asset classes you’re looking at). Actually, I think the markets could be wrong. The reason for this is that the consumer is in an exceptionally good condition here.
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