Billionaire George Soros Suddenly Investing In cryptocurrency After Calling Bitcoin a Bubble
Now George Soros is preparing to get involved in cryptocurrency trading just a few months after he said that Bitcoin had a bubble in its price that crashed into a bloodbath.
The rally followed the reports of Wall Street giants, an investment fund funded by billionaire George Soros and Venrock, a venture capital company founded by the descendants of the old billionaire John D. Rockefeller, was ready to go into business of cryptocurrencies.
Since its declaration, the price has dropped 41% from a peak of $ 20,000 last year to just over $ 7,000 today. After the carnage, the $ 26 billion speculative fund plans to trade cryptocurrencies.
The volatility associated with Bitcoin has been well documented in the past. It seems that the year 2018 brings us more of the same thing. In the first few months, we have a lot of pressure on the Bitcoin price. George Soros is one of the biggest disadvantages of Bitcoin. Even so, it is possible his comments are designed to purposefully drive the price down altogether.
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