Soros Fund Management was founded in 1980 by George Soros who is a billionaire investor.

The family office owns “some coins … but not a lot,” Dawn Fitzpatrick, CEO and chief investment officer of Soros Fund Management, said in an interviewBloomberg this week.

Soros Fund Management is well-known for its large profit margins on traditional currency investments. CNBC asked them for their thoughts when they were asked about how many and when they bought them.

Fitzpatrick expressed doubt that bitcoin was only used as an inflation hedge. It’s “I believe it has crossed the chasm into mainstream.”

Fitzpatrick explained how cryptocurrencies have an estimated market value in excess of $2 trillion today, and that they are used by over 200 millions people.

Bitcoin, the most widely used cryptocurrency in the world, is now worth 10% more than it was on Tuesday. over $55,000 on WednesdayIt is. The stock was at $54,726 around 4 AM ET. ET Thursday. 

One bitcoin can be purchased for as little as $29,000 today, whereas it was worth $43,000 one week ago.

Even though there is a constant threat from regulatory crackdowns around the world, and concern about bitcoin’s huge environmental impact, the latest bitcoin rally has been successful.

U.S. regulatory concerns have subsided this week, after Janet Yellen (Treasury Secretary) and Gary Gensler (SEC Chair), said that there are no plans for imposing restrictions on cryptocurrency trading.

In a Wednesday statement, Freddie Evans (a U.K.-based sales trader for digital asset broker GlobalBlock) stated that “this recent rally contrasts stock market assets like stocks and bonds with assets such as gold having a period angst over higher inflation and slowing economic grow.”

He said, “This bitcoin surge could repeat history after the Chinese ban against crypto activities.”

Bitcoin is not the only cryptocurrency to be on the rise this year. Other cryptocurrency prices have more than tripled since the beginning of this year. They were around $1,000 per coin, but are now at over $3,000 each on Thursday.

According to A.I., most professional investors believe that bitcoin is a bubble. Bank of America Fund Manager SurveyThis article was first published April.

A total of 74% responded to the market gauge. This indicates that they consider the most popular cryptocurrency a bubble. The highly speculation-laden ground bitcoin investors see on is evident in the fact that only 16% answered the question.