Crypto is “here to stay,” but a recession may be around the corner and investors should beware of “FOMO,” according to Soros Fund Management CEO and Chief Investment Officer Dawn Fitzpatrick.
Speaking in a video interview with Bloomberg, Fitzpatrick said that crypto is not going away any time soon as “it has gone mainstream” with companies like Fidelity allowing US clients to add bitcoin (BTC) to their retirement savings.
Still, the fund manager said there is “one caveat” to her view on crypto.
“Climate impact is coming increasingly in focus, so in that context, I think ethereum (ETH) is likely to gain some more traction over Bitcoin,” Fitzpatrick, whose fund was founded by legendary investor George Soros, opined.
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