George Soros is now officially trading bitcoin. Good or bad?

[stompix]

Official...what is official about this?
All news point to this source:

https://www.thestreet.com/crypto/news/soros-fund-management-is-trading-bitcoin

A prescient comment, as it turns out. Fitzpatrick, chief investment officer for Soros Fund Management, in recent weeks gave the internal green light to actively trade Bitcoin and perhaps other cryptocurrencies, according to two people with knowledge of the matter.

So they might have allowed their traders to trade bitcoins and those might or might not have done so.

Besides, it's the traders that work for Soros Fund Management that would do this, not Soros himself as some imply, common, the guy is 91!!! do you really think he is up at his desk at 8 am opening his laptop and putting sell and buy orders on Binance?  
Common, I think the guy is more concerned about waking up the next day rather than bitcoin trading.

[Welsh]

Money is not important to you if you can have it as much as you want or print it to infinity, but you can always have more control and it seems that is what turns on some rich people.

Money is control. Our world is run on money.

Therefore off course its important. Otherwise, we would see less millionaires/billionaires tax evading. So, claiming money not being important past a certain point, I would disagree. We don't know their goals, and quite evidently, they don't just hang up their boots for a lack of a better phrase. Myself, it wouldn't be important past a certain point, since I'd probably retire, and just enjoy my life not having to worry about anything, but that's no the attitude of these individuals, and they continue to look for opportunities to earn money. I think money is, and always will be important to them. 

[dota2bestplayer]

This should be based on a short-term or long-term upward trend, because the price of BTC has such a big relationship with other projects, so more BTC capital investment can help other projects grow. I think this is closely related to both. Soros wants to make money and wants to invest, so it is good for us to let him join. But he will definitely manipulate the market, hoping that the price fluctuations at that time will not affect the sentiments of other investors.
As more and more giants join, manipulating prices will become more difficult.

[Tristan Bieber]

Soros is definitely not a simple financial investor. Everyone may have heard that Soros shorted the entire Southeast Asian market and triggered a financial turmoil in Asia. This happened more than once, so it may not be the same for such a person to enter the crypto market. A good thing, if he becomes the next Musk, it may not be beneficial to most retail investors, but it will also have a positive impact. If more and more giant whales participate, it may be scattered. For market manipulation, the ultimate goal of businessmen’s participation is to make a profit. If market conditions remain bad, it will also affect their interests.

[Lucius]

When I see that the main news these days is what Soros or Buffett is doing, then I know that people are obviously getting terribly desperate trying to convince themselves that these two old farts will help them to pump the price of BTC. People who are with one foot in the grave are not the ones we need to look at as factors of any change in the world for the better.

All these stories about how the rich share their wealth serve only to wash the conscience of all the bad things they have done during their lives - the farther they are from Bitcoin, the better for all of us.

[jesselui]

The rich buy cheap and sell expensive, that's their only purpose. He will want to buy Bitcoin at these prices and sell it more expensive. It will use its power to increase its price.

[dkbit98]

Money is control. Our world is run on money.

Money is just a paper or number on the screen, and this can all be gone in second in some financial collapse, like in Lebanon now for example.
Money is not really control because money is controlled by only few individuals and corporations.

Therefore off course its important. Otherwise, we would see less millionaires/billionaires tax evading. So, claiming money not being important past a certain point, I would disagree.

You don't have to agree with me, but read and investigate how many countries Soros destroyed, and he is just using money as one of his tools for destruction and control of the people.

[Welsh]

Money is just a paper or number on the screen, and this can all be gone in second in some financial collapse, like in Lebanon now for example.
Money is not really control because money is controlled by only few individuals and corporations.

That's somewhat true. It can definitely be made pointless in an event of a economical collapse, but I also think its completely relevant, and contributes to the amount of control a person or corporation has up until that point.

You don't have to agree with me, but read and investigate how many countries Soros destroyed, and he is just using money as one of his tools for destruction and control of the people.

I'm not trying to disagree with you. You've brought up some valid points. I just think that the point stands that at the moment whilst money is relevant, it does directly correlate with control. Although, I don't know the intentions of Soros'anymore than the next guy, and I might be underestimating the significance of this. Plus, I don't doubt that someone has powerful as Soros' wants to benefit directly from his investments, and is looking for both control, and money.

[Vaculin]

OK, so George Soros is now officially trading bitcoin at his investment firm Soros Fund Management. His intentions are unclear but he is well known for being a ruthless financier. Do you think this a good or bad thing for bitcoin?

Maybe I'm going to say sorry for not knowing him but I think it is not important.
Anyway, let him experience trading so he could tell his friends that trading is the best place to stay for rich people that wanted to lose their money in a very short period of time. And hopefully,  he could find trading is not an easy game like you can easily manipulate the market without knowledge about crypto.

He needs attention, then much better to welcome him.
Welcome George to trading and I hope you will find it comfortable.

[ipanks]

OK, so George Soros is now officially trading bitcoin at his investment firm Soros Fund Management. His intentions are unclear but he is well known for being a ruthless financier. Do you think this a good or bad thing for bitcoin?

If Soros is officially trading bitcoin, it seems he tempting to make money from bitcoin. Maybe that is good for bitcoin as that can influence bitcoin to Soros friends

If Soros is interested in bitcoin's volatility, he wants to try to enter the crypto market and if he can make a lot of money from bitcoin, he can support bitcoin. If that can happens, bitcoin will grow more and it can reach more users out there.