Billionaire George Soros is reportedly getting ready to dive into crypto

Billionaire George Soros is reportedly getting ready to dive into crypto

From businessinsider.com

The investment fund founded by billionaire George Soros is preparing to dive into cryptocurrency trading, even though Soros himself previously described them as a "bubble," according to reports. Adam Fisher, who oversees global macroeconomic investing for Soros Fund Management, has gained internal approval to invest in and trade cryptocurrencies, according to Bloomberg, which said he hadn't yet made any bets on the digital coins. The move comes despite Soros' apparent distaste for cryptocurrencies as an investment. Earlier this year, at the annual World Economic Forum in Davos, Switzerland, Soros called ... (full story)

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Comment #1
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Apr 6, 2018 11:27am Apr 6, 2018 11:27am

1pipperhour
Joined Jun 2010 | Status: Member | 24 Comments

That's it! Remember what happened to pound last time he "dived" into it ...

Comment #2
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Apr 6, 2018 11:30am Apr 6, 2018 11:30am

Tony112
Joined Apr 2008 | Status: sometimes... news come unexpected | 2631 Comments

There it is. Doom's day is here folks.

Invest in alarm clocks

Comment #3
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Apr 6, 2018 11:33am Apr 6, 2018 11:33am

Hareii
| Joined Jun 2011 | Status: Member | 840 Comments

The article seem to suggest that by diving into crypto trading, it means to buy. The author looks like not a trader. In the early days, when there are no future contracts on cryptocurrency, shorting cryptocurrency would be difficult. Now with future contracts, shorting cryptocurrency is just a few clicks away. But of course, we don't really know whether he will buy or short, but one thing for sure, he is in to earn money and not to support cryptocurrency.

Comment #4
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Apr 6, 2018 1:24pm Apr 6, 2018 1:24pm

UnBearybull
| Joined Aug 2016 | Status: Member | 601 Comments

Quoting Tony112

Disliked

There it is. Doom's day is here folks.

Ignored

Good. The whole financial system needs a THOROUGH CLEANSE.

Comment #5
Quote
Apr 6, 2018 2:44pm Apr 6, 2018 2:44pm

aizabelle
| Joined Mar 2017 | Status: Shopping | 12 Comments

"Soros is no longer involved in the day-to-day management of Soros Fund Management, so is unlikely to have been directly involved in the firm's decision to trade crypto." - sounds like he still isn't into it afterall, just a case of majority wins, plus a few of their clients may be into it, so he be like "Ok, fine. But risk only 1%." The title of the article is misleading.

Story Stats

Posted: Apr 6, 2018 11:20am
Submitted by:
Newsstand

Category: Entertainment News

Comments: 5 / Views: 3,115