• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America

Why $8 Billionaire Soros is Investing in Bitcoin and Cryptocurrency Suddenly

newsbtc by newsbtc
5 years ago
in Opinion
Reading Time: 2 mins read

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.

The Cryptocurrency Investment Decision

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.

The big question is whether or not cryptocurrency prices can rebound. Right now, it seems the situation is still brittle, as things can change pretty quickly. Even so, the bearish pressure has been prevalent for a very long time. Sooner or later, things will need to improve again. Bitcoin’s price may very well return to the five-digit range in the future. How long that process will take, is anybody’s guess at this point.

Tags: bitcoin bubblebitcoin investmentbitcoin tradingcryptocurrency investmentcryptocurrency tradingGeorge Soros
Tweet123Share196ShareSend
newsbtc

newsbtc

Related Posts

The Edge and Beyond

The Edge and Beyond

2 months ago
NFT Artist of the Year

NFT Artist of the Year

2 months ago
DAOs

What DAOs Can Do: Exciting Or Worrying? Rethinking 2021 – Pt. 2

1 year ago
Crypto

What DAOs Can Do: Social Movement Or Playground? Rethinking 2021 – Pt. I

1 year ago
Hoskinson Tweets Birds Again: Is a Cardano Announcement Coming Soon?

Hoskinson Tweets Birds Again: Is a Cardano Announcement Coming Soon?

2 years ago
crypto

Traditional Finance and Crypto Are Converging – That’s a Very Good Sign

2 years ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    4 days ago
  • Willing to buy new crypto: Here are the best 10...

    4 days ago
  • Best Crypto Meme Coin Presales in 2023

    4 days ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • According to experienced traders, Aave (AAVE) and InQubeta...

    2 hours ago
  • Avalanche price at important support level, Quant price to...

    4 hours ago
  • Looking for the next Crypto That Could 100x? Check...

    4 hours ago
  • Tradecurve (TCRV) Presale Bonus Attracts More Investors As...

    4 hours ago
  • XRP and Big Eyes Coin (BIG): Riding the FOMO Wave in the...

    4 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.