Topic: I want to talk about Soros and Bitcoin. (Read 215 times)

This strategy makes sense, but it carries with it the risk that you will not be able to sell at the absolute peak - or that exactly what you want will not happen in the time you have imagined.  Of course, if you sold 1 BTC for $100k and then a correction happens that knocks the price down to say $30k, you could buy 3 BTC and you still have $10k left to spend on something else. All of this is only possible if Bitcoin continues to replicate a pattern from the past.

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And I think there will come a time when it will no longer be necessary to convert BTC to fiat, not only for price stability, but also for the reason that Bitcoin will become a means of payment in almost all situations - and maybe sellers will gladly accept it and give extra discounts to those who choose this method of payment - because Bitcoin could become something very valuable and difficult to obtain in some 10 years from today.


If you look at the example above, then a partial exit strategy is not a bad choice - whoever sold 1 BTC for $20k at the end of 2017 could buy 6 BTC for the same amount in less than 1 year - and a couple of years later that same BTC was worth about $400k. All those who have learned something over the years have profited, in other words they have more BTC than they had before, and at the same time their standard of living has improved significantly thanks to Bitcoin.

It is only a matter of time before veteran financial players accept Bitcoin, and it has little to do with the price of Bitcoin.

My bad, you are right, it' s a wrong number, the currect answer is about 629 billion dollors. Thank you for your correct.


Thank you for your reminder that a market that is purely composed of market games is less stable than a market that is regulated by the government. Maybe I should reassess whether Bitcoin's market value can withstand the impact of Soros.



I think the price of Bitcoin in my hand is far more than 100,000 U.S. dollars. The reason I say this is because I personally believe that the highest price of Bitcoin in this round of bull market is between 100,000 and 150,000 U.S. dollars. If I sell bitcoin, I will buy it again when the bitcoin bear market.

He probably is invested for a long time now, and just doesn't disclose it publicly due to obvious reasons. He made countries weep with his investment tactics, and perhaps even caused a few financial crises here and there. Probably, he's just investing in bitcoin for the hell of it and not much about profits given how he already proved himself to be up there with the investment gurus. Or if he's in it for the money, then he already has his own plans carefully setup for this market. It would be interesting to see Soros himself confirming that they are in the bitcoin game, and the reaction that the market will have by that time.

Just yesterday I read on Coindesk the following article: George Soros and Steve Cohen Go In on Bitcoin; Here’s Why That Might Not Be a Good Thing.

The article talks about essentially the same fears the OP is mentioning here: that the Soros fund may be interested more in the "short" side of the game. But they conclude:


I think I agree with them. What we probably will see is more liquidity on both sides, long and short. This could, in the long term, lead to a trend to a stabilization of the price. Every bullish spike these funds consider too bubblish, would be shorted - but if the price falls too deep, then more than one will find an opportunity to change to the "long" side again.

Such a tendency may be undesired by some. It's the sharp bull market spikes that bring some people into Bitcoin, those dreaming of getting rich fast. But these short-term bulls are imo doing more harm than good, because their behaviour leads to an "inherent volatility" which is harmful to the goal of Bitcoin becoming a "currency".

And even a slowly growing Bitcoin, which may on average only grow enough to counter an (perhaps increasing) inflation rate, may be still a good investment for people searching for a reliable store of value.

I think he has already invested in Bitcoin. While various organizations were invested in Bitcoin below 20-25K price and holding on to their funds, other organizations were looking for opportunities to invest in the market as the price of Bitcoin suddenly reached ATH. Everyone was waiting for a dump so they could buy at Deep. George Soros has been waiting so long for such an opportunity, I'm sure he has already invested in Bitcoin for the long term.

News and tweets can absolutely affect Bitcoin, and this will be happening for a long time. Bitcoin's short-term price is decided by day-traders who quickly act on the tiniest news.

And it's pointless to give Soros advice, he's one of the best traders in the world, he knows what to do.

Exactly.  When bitcoin his another 2 to 3 orders of magnitude from here (e.g. more than 100 to 1000 X from here) it may get more stable in fiat terms and then there will be no need to exit the bitcoin/crypto ecosystem since people will transact more in bitcoin. There is no need to exit.

Having an exit price has been a bad strategy for more than a decade and seems likely to continue to be a bad one.  Everyone who had an exit at 1, 10, 1000, 20000, etc has regretted it.

Only $100 000? Well, I wouldn't sell BTC to Soros or to people like him for $1 million - do you value your BTC so little? You see, that's actually the problem we have - everyone has some sort of exit price, and will probably sell sooner or later, and believe me those who have so much money like Soros or even much more than him can afford to buy BTC even for $100k.

If 10% of the world's people control 90% of the world's wealth, the advantage of purchasing power is definitely on their side - it's only a matter of time before they buy most of the BTC - but at least some of the poor will get rich, at least for a while.

LOL! Maybe he's in for the thrill, not for the money 
I mean, he can afford easily to stay away too.

It didn't destroy anything.
Thailand's government tried to keep the peg between the bath to the USD dollar with money they didn't have. Simple as this!
When the money ran out the bath halved in value.

But it's far easier to blame "speculators" than your own incompetence so every government started pointing fingers!


You might want to check that number again!


Yeah, he waited for the dip for sure, I mean, as young as he is, what's 6 months for him....

But how much do you think would Soros allocate for Bitcoin trading? If it is 1 billion, that would not be considered tiny but it cannot control the entire Bitcoin market either. And I don't think Soros would invest as large as that. So I am not afraid that Soros would play like an Elon in trying to manipulate the price of Bitcoin. We just need to be careful though because I don't think Soros' heart is really in the Bitcoin community. Soros is here to just speculate and increase his wealth.

Being an unregulated/weakly regulated market, I'd say that worse things have already happened and he most probably cannot do anything we didn't already see.

Yes, this is why I want to analyze his behavior. I don't think I have the ability to guess Soros' thoughts, it's just that I recently saw some FUD about him. I just want to try to help everyone eliminate this FUD. After all, his actions in 1997 can easily cause panic among others.

I am glad to communicate with you.

I wouldn't say that Soros is a tiny entity in the market, remember that he is a billionaire and just so you know, that's a lot of money, and I think that Soros will put a lot of money in this endeavor and he owns an investment company. Hopefully they will make the prices go up together with Elon and if the prices go up at 100k or whenever higher, I will sell everything because there's probably a calm before the storm.

I would say that he's most certainly not alone in that, he has plenty of younger employees who were already telling him about Bitcoin, possibly for years.
I would add that most probably he has studied this - now and then - and now, since other prominent companies have joined the show, he decided to come too. Most probably he has waited for the first major dip after corporate money has became known to flow in.
He may be already buying the dip or he may have bought already. Companies like this don't tell the media exactly what they do and when they do it.

I think we need to think about this problem from two aspects.

From a long-term perspective, Soros is quite tiny in front of Bitcoin. He cannot change the work of the blockchain or manipulate the price of Bitcoin forever.

In the short term, it is interesting to analyze this emergency.

In 1997, Thailand's GDP was 150.2 billion U.S. dollars. Almost everyone knows that Soros destroyed the price of the Thai baht by various ways. In other words, in 1997, Soros's money could affect an economy of US$150.2 billion. In 2020, Thailand’s GDP is about 500 billion U.S. dollars, so can Soros probably affect an economy of about 500 billion U.S. dollars? No matter what the answer is，bitcoin's current market value is about 629billion U.S. dollars, which seems to be higher than the price Soros can influence.

On the other hand, does Soros own Bitcoin? After experiencing a rapid increase in the first half of the year, the price of Bitcoin once exceeded $60,000, but now it is only $30,000. For Soros, this is a good time to buy Bitcoin. At present, many celebrities are optimistic that Bitcoin will break new highs at the end of the year or early next year. Buying Bitcoin at this time is a good choice.

This sounds very logical, but we all know that Soros is an investment master. Maybe he bought Bitcoin a long time ago, and this time just want to use his influence to push the price of Bitcoin to sell again. After all, as I mentioned earlier, many people will think that Soros will choose to buy Bitcoin at this point in time.

I prefer the first of these two possibilities. With Elon Musk as a precedent, Soros should realize that just tweeting or releasing news can no longer affect the price of Bitcoin in a large range. And I also think that Soros, as an old-school financial player, needs to take a certain amount of time to accept Bitcoin. It is unlikely to buy Bitcoin at a very low price before then choose to sell it at this short-term low Bitcoin price. And I think based on Soros’s knowledge of the financial market, if he chooses to sell Bitcoin, he will definitely be close to the high point of the Bitcoin price instead of now.

The conclusion is that I think Soros has discovered the potential of the cryptocurrency market and is ready to study how to buy it.

Please do not sell your bitcoin before its price reach 100000$