Soros’s Fund Is Reportedly About to Start Trading Cryptos

Soros’s Fund Is Reportedly About to Start Trading Cryptos

Back in January, the business magnate George Soros called bitcoin a bubble, which, if bursts, won’t seriously affect the entire financial ecosystem.

Since that time things might have changed as Soros’s fund is allegedly preparing to trade cyber-coins. On April 6 this was reported by a notorious media agency Bloomberg, referring to people with the direct knowledge of the matter.

$26 Billion Worth Soros Family Might Step Into The Crypto World

As per Bloomberg’s information, Adam Fisher, the head of macro investment in Soros Fund Management, which is headquartered in New York, reportedly received inner affirmation to trade cyber-currencies.

Even though this approval took place within the past few months, Fisher is yet to make a bid, Bloomberg sources explained.

The media agency tried reaching out to the organization’s spokesperson. However, as of writing, there has been no response yet – the official representative of Soros’s business family refused to provide any info concerning the matter.

Soros’ Previous Comments On Cryptos

A few weeks ago, the 87-year-old magnate, taking the floor at the WEF in Switzerland, said bitcoin and its brethren could not substitute public currencies given their changeability. Nevertheless, Soros did not forecast any turbulence that non-coiners and crypto-skeptics had been speculating about at that time.

Also, at the end of this year January, Soros said:

“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.”

It is noteworthy that once the billionaire commented on cryptos and BTC in particular in Davos, the price of the most valuable cryptocurrency bitcoin went down by as much as 41%.

But that’s not all concerning how Soros has been connected to cryptos. Earlier he had been obliquely betting on cyber-coins.