Bitcoin and cryptocurrency prices have broken out this week, adding a massive $500 billion to the combined crypto market value in a matter of days.
The bitcoin price has gained around $10,000 during the last week, with bitcoin climbing to $56,000—a level not seen since bitcoin’s huge sell-off in May.
Now, the investment company founded by the legendary hedge fund manager George Soros has revealed it’s holding bitcoin, with its chief executive and chief investment officer calling bitcoin “less interesting than the use cases of [decentralized finance (DeFi)].”
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