George Soros Prepares to Trade Cryptocurrencies

George Soros called cryptocurrencies a bubble in January. Speaking at the World Economic Forum in Davos,Soros said digital coins cannot function as actual currencies because of their volatility. Now his $26 billion family office is planning to trade digital assets as prices plunge.

According to Bloomberg, Adam Fisher -who oversees macro investing at New York-based Soros Fund Management - has received internal approval to trade virtual coins in the last few months, "though he has yet to make a wager."

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Creates FUD. Buy in cheap. Laugh at everyone

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Bitcoin is still very illiquid. Sizable investors like Soros can really bring it down. Last big bet he played but didn’t get very right was against Yuan. Not sure if he is still holding to his position. But point is he has habit of going against the trend.

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He may just be entering to short it. There is money to be made.

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I don't think so, he is one of the best trend setter and will help crypto gaining credence.

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This is the end of crypto. This guy is notorious for manipulating and crashing markets. Everybody get out now. 

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Soros = Chaos

 

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 "Just because it's a security today doesn't mean it'll be a security tomorrow, and vice-versa," SEC said yesterday. And now comes Soros, who indicated crypto will be a bubble and next minute it's a great investment for him. 

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First Soros and now Venrock, a $3 billion venture capital firm owned by the Rockfellers, have taken to crypto. Something's definitely going on. 

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I think the point is to get lower prices  so they can buy and later manipulate the market as everything else they do. If Buffett changes his mind too, that is a certain sign we should all go into it. 

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I doubt this will be happening anytime soon. Buffett's not a speculator.

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Thank you Wall Street "real" whales ... they've stopped the bitcoin plunge, sort of. Was holding just above $7k, but now it's slipped back down to ~$6,730. Maybe one more whale?

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