View Full Version : Bloomberg: George Soros Is Preparing to Trade Cryptocurrencies

04-06-2018, 02:02 PM
by TOM CICCOTTA (http://www.breitbart.com/author/tomciccotta/)6 Apr 20181 (http://www.breitbart.com/tech/2018/04/06/bloomberg-george-soros-is-preparing-to-trade-cryptocurrencies/#disqus_thread)
The New York-based Soros Fund Management is preparing to trade cryptocurrencies, according to a report from Bloomberg.The news comes just months after George Soros, the founder of Soros Fund Management, condemned cryptocurrencies. “As long as you have dictatorships on the rise you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad,” Soros said in January.
Now, Soros Fund Management is preparing to trade (https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge) cryptocurrencies. Bitcoin has fallen more than 50 percent since Soros’ remarks in January. Bitcoin hit a record high of $19,000 in December.
At the end of 2017, Soros became a large stakeholder in Overstock.com, which is known for its early acceptance of cryptocurrency. In 2014, Overstock.com became the first major retailer to accept Bitcoin as a payment option. In December, Overstock CEO Patrick Byrne announced that the company would develop a cryptocurrency exchange.

Overstock.com announced in March that the Securities and Exchange Com

04-06-2018, 02:27 PM
I always figured he was or would do it.