April 8th, 2018
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#1
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Bread and Circuses
Join Date: Apr 2009
Location: Jewed Faggot States of ApemuriKa
Posts: 6,666
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Billionaire George Soros is reportedly getting ready to dive into crypto
Quote:
The investment fund founded by billionaire George Soros is preparing to dive into cryptocurrency trading, even though Soros himself previously described them as a "bubble," according to reports.
Adam Fisher, who oversees global macroeconomic investing for Soros Fund Management, has gained internal approval to invest in and trade cryptocurrencies, according to Bloomberg, which said he hadn't yet made any bets on the digital coins.
The move comes despite Soros' apparent distaste for cryptocurrencies as an investment. Earlier this year, at the annual World Economic Forum in Davos, Switzerland, Soros called cryptocurrencies a "typical bubble which is always based on some kind of misunderstanding."
He added: "Bitcoin is not a currency. A currency is supposed to be a stable store of value. And a currency that can fluctuate twenty five percent in a day can't be used, for instance, to pay wages because wages could drop twenty five percent in a day. So, it's a speculation based on a misunderstanding."
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http://www.businessinsider.com/georg...rencies-2018-4
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