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Why George Soros is Investing in Bitcoin and Cryptocurrency Suddenly
Apr 9, 2018
 

Why George Soros is Investing in Bitcoin and Cryptocurrency Suddenly

Few people were surprised when George Soros claimed Bitcoin is a bubble. In January of 2018, he described cryptocurrrency as a bubble and a misnomer. Moreover, Bitcoin can’t be labeled as a currency because it’s not a stable store of value. All of these comments hold some sort of truth, but they are not entirely factual either. Now that the Bitcoin price has dipped quite a bit, George Soros prepares to invest in cryptocurrency. This rather odd decision only fuels speculation involving price manipulation. Even though George Soros still considers digital currencies to be not “actual currencies”, the volatility has suddenly turned him into a believer. Such a sudden change of heart is often part of a bigger agenda. For the time being, it seems Soros is quite happy with the way things are going for Bitcoin. With the big dip in place, it seems things may improve from here on out. He is not the first Wall Street mogul to invest in cryptocurrencies either. Alan Howard and the Rothschild family are taking very similar steps in this regard. It seems the interest in cryptocurrency is only growing, even among financial experts. Source: News BTC (https://www.newsbtc.com/2018/04/09/george-soros-turning-bullish-on-cryptocurrency-is-all-part-of-the-bigger-picture/)

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