BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
SUBSCRIBE
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result
Home Business

Soros Fund CEO Warns Recession & FOMO Trap, but Confident Crypto is Solid

Alexa by Alexa
June 2, 2022
in Business, Crypto, Investing
Reading Time: 2 mins read
A A
Soros Fund CEO Warns Recession & FOMO Trap, but Confident Crypto is Solid
1
SHARES
14
VIEWS
Share on TwitterShare on Reddit

According to Soros Fund Management CEO and Chief Investment Officer Dawn Fitzpatrick, crypto is “here to stay”, but there may be a recession on the way. 

You might also like

Around The Block – MAR 17 Week in News

Cassava Network, An African Web3 Platform, Has Partnered With Non-Custodial Wallet To Widen Crypto Reach In Africa

UAE Announces Free Zone for Digital and Virtual Asset Firms

In an interview with Bloomberg, Fitzpatrick said that crypto is not going away any time soon as “it has gone mainstream”, especially with companies like Fidelity allowing US clients to add Bitcoin (BTC) to their retirement savings.

Although, the company’s fund manager says that there is “one caveat” to her views on cryptocurrency.

“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.

Giving a comment on the chance of a coming recession, Fitzpatrick said that consumer demand and U.S. companies remain “robust.” She however added that “the bottom line is that a recession is inevitable” and that it’s “just a matter of time.”

Fitzpatrick is fair in her opinion as she balances her belief that a recession will come “fairly soon” with the idea that the markets “might be wrong.”

“I don’t think we’ll avoid a recession, I just think it will be further out than people expect,” the investment manager said, noting that the US is “one of the most insulated” countries in terms of the war that is going on in Ukraine. “Europe is way more affected,” she added.

Ultimately, Fitzpatrick touched on the common psychological trap investors fall victim to, which is the fear of missing out, AKA “FOMO.”

“I think FOMO, buy high sell low,” is the most common mistake investors make, Fitzpatrick said, explaining that “you don’t need to have a great idea every day.”

“There are times to be patient, and there are times to press,” she said, adding that “the more trading someone tries to do, the more damage they tend to do.” 

Tags: FOMORecessionSoros
TweetShareShare

Recommended For You

Around The Block – MAR 17 Week in News

by BlockNews Team
March 17, 2023
0
Around the Block

Introduction In this recap of the crypto world, we will explore the events and news that had the most significant impact in the past week of March 13....

Read more

Cassava Network, An African Web3 Platform, Has Partnered With Non-Custodial Wallet To Widen Crypto Reach In Africa

by BlockNews Team
March 17, 2023
0
Africa web3

Cassava Network's v3 aims to build a bridge between Web2 African users and the Web3 space. Cassava Network partners with UniPass, a non-custodial wallet to onboard more African...

Read more

UAE Announces Free Zone for Digital and Virtual Asset Firms

by BlockNews Team
March 17, 2023
0
RAK DAO UAE

Emirate Ras Al Khaimah will launch a free zone for companies in the digital and virtual crypto sectors The RAK Digital Assets Oasis platform is made for the...

Read more

California Governor Failed to Disclose Personal Ties to Silicon Valley Bank $SIVB While Lobbying for a Bailout

by BlockNews Team
March 17, 2023
0
california governor

Governor Gavin Newsom of California hid his personal connections to Silicon Valley Bank from the general public as he advocated for the bank’s rescue with the White House...

Read more

Fidelity Crypto Opens to the Public: A Game-Changer in Commission-Free Crypto Trading

by BlockNews Team
March 17, 2023
0
fidelity building

Fidelity Digital Assets has opened its Fidelity Crypto platform to the public, offering commission-free trading of bitcoin and ether to more than 37 million retail users. Fidelity Crypto...

Read more
Next Post
Dating Apps in Silicon Valley Swarming with Crypto Scam Artists, Victims Lose Millions

Dating Apps in Silicon Valley Swarming with Crypto Scam Artists, Victims Lose Millions

Related News

silvergate logo

Silvergate Faces Department of Justice Investigation Over Involvement With FTX And Alameda

February 4, 2023
Lancashire police department

UK Police Sentenced 4 Bitcoin Fraudsters Who Had “More Money Than They Could Spend”

January 26, 2023
venom blockchain

Venom Blockchain Collaborates with DAO Maker to Incubate Web3 Startups with Real-world Applications

February 14, 2023

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Around The Block – MAR 17 Week in News March 17, 2023
  • Cassava Network, An African Web3 Platform, Has Partnered With Non-Custodial Wallet To Widen Crypto Reach In Africa March 17, 2023
  • UAE Announces Free Zone for Digital and Virtual Asset Firms March 17, 2023

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?