Why $8 Billionaire Soros is Investing in Bitcoin and Cryptocurrency Suddenly After Shit Talking Them

So he uses his influence to claim that cryptos are a bubble to drive the price down... then buys in. He corrupts everything he even speaks about.

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Opinions on cryptocurrencies are very far apart as of right now. It seems there are fewer people who consider this industry to be a bubble. George Soros is a notorious example in this regard. Earlier this year, he claims Bitcoin is a bubble. It seems that comment helped push the price down, which may have been the plan all along.

The Curious Case of George Soros
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.

The volatility associated with Bitcoin has been well-documented in the past. It seems the year 2018 brings us more of the same,. During the first few months, we have seen a lot of bearish Bitcoin price pressure. George Soros considers this to be one of the biggest drawbacks about Bitcoin. Even so, it is possible his comments are designed to purposefully drive the price down altogether. Wall Street players did not take kindly to the Bitcoin price hitting $19,000 late last year.

Whether or not the comments by George Soros attributed to the price decline, is always a big question. It is evident Soros is often considered to be a guru became of his “strategic calls based on macroeconomic conditions”. Even so, claiming Bitcoin is a bubble is perhaps the worst assessment of his career. In fact, it seems he did a complete 180-degree turn on cryptocurrencies altogether.

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Last Edited by SilverSurfer on 04/18/2018 12:38 PM