George Soros, a noted currency trader who called Bitcoin a “bubble” in January – is going to be trading cryptocurrencies! This is according to an article in Bloomberg, which has been getting a lot of play in the internet! Read it here:
“Soros has already been indirectly betting on crypto. The firm amassed a stake in Overstock.com in the fourth quarter, making it the third-biggest shareholder of the discount e-commerce company. In August 2017 it became the first major retailer to accept digital currencies. The company had also planned to start an exchange for cryptocurrencies as well as offer digital coins that could trade on the platform. – Bloomberg Article“
Soros is a major Player in the Forex/currency markets, and his venture into Bitcoin shows that an old dog can learn new tricks! Mr. Soros is a shrewd investor and I suspect he sees a way to make some serious money off Cryptocurrency and businesses utilizing Cryptocurrency.
The Founder of Overstock, Patrick M Byrne, has been outspoken about Bitcoin, Here is one of his talks:
At this time I don’t own any Overstock.com stock, but I am going to keep an eye on it and consider investing if it dips.
All rights reserved by Alan Chenkin & Primrose Path LLC. Remember to give credit to the author and any cited works. Some links are promoted so the author can maintain his starbucks coffee habit. If you enjoyed this blog, please feel free to share .Disclaimer: These comments are offered as opinion and is not a recommendation on investing. Please consult knowledgeable advisors and professionals you trust when seeking investment advice. I currently own BTCS (Bitcoin Shops), some Bitcoin and Litecoin, and the other assets if I mentioned I was in invested.