Topic: Soros Fund Management CIO Hints at Bitcoin Ownership - page 2. (Read 448 times)
He didn't say YES when asked if he owns Bitcoin but he knew substantial information about Bitcoin, that's enough of a person to think he does own Bitcoin. He probably even have more than thousands of BTC.
But he seems to be betting for Chinese CBDC to be a thread to Bitcoin but this I think because he already has an idea about the dollar or any other fiat currency going to be debased.
A billionaire who is known for having made his billions by betting AGAINST currencies taking interest in one of the most volatile cryptocurrencies, well, I don't think that harbors good news.
The whole crypto community is prone to manipulation and concerted pump and dumps. While we'd like to believe that something like this shouldn't be possible, if they could do it with currencies of countries, there is nothin stopping him from doing this with crypto. The central banks have bigger coffers but Bitcoin's volumes of around USD 40 Billion shouldn't be too hard to influence.
It'll be interesting to see something like this play out. It'll be another one of those times for the Hodlers to hold the line against the hordes i suppose.
The whole crypto community is prone to manipulation and concerted pump and dumps. While we'd like to believe that something like this shouldn't be possible, if they could do it with currencies of countries, there is nothin stopping him from doing this with crypto. The central banks have bigger coffers but Bitcoin's volumes of around USD 40 Billion shouldn't be too hard to influence.
It'll be interesting to see something like this play out. It'll be another one of those times for the Hodlers to hold the line against the hordes i suppose.
I speculate it will not go either way in being positive or negative. This will go both ways in being positive then negative. Soros and his group will pump and dump bitcoin similar to what they did to the baht, the pound and the yen. The message brought here is to be cautious of this news.
If Soros' fund did go the pump and dump route (which I really wouldn't be surprised), don't you think that would obviously be a huge negative for Bitcoin though?
Everyone might begin larping again because of this news after its confirmation. However, before doing this, do the research on who and what George Soros and his trading firms do to the currencies they trade. He will be worse than Elon Musk.
Soros Fund Management has cleared its traders to actively trade bitcoin (BTC, -2.27%), TheStreet reported, citing two people with knowledge of the matter.
The approval to trade the leading cryptocurrency was given by CIO Dawn Fitzpatrick, TheStreet said.
Source https://www.coindesk.com/soros-fund-management-is-said-to-be-trading-bitcoin-report
Soros Fund Management has cleared its traders to actively trade bitcoin (BTC, -2.27%), TheStreet reported, citing two people with knowledge of the matter.
The approval to trade the leading cryptocurrency was given by CIO Dawn Fitzpatrick, TheStreet said.
Source https://www.coindesk.com/soros-fund-management-is-said-to-be-trading-bitcoin-report
The misconception here is that most probably people are going to think that Soros is going to "invest" in bitcoin. But what's most likely going to happen is that they're just going to trade it through long/short positions, not necessarily spot. So concerning this news, it could go either way for Bitcoin in terms of being a positive or a negative.
I speculate it will not go either way in being positive or negative. This will go both ways in being positive then negative. Soros and his group will pump and dump bitcoin similar to what they did to the baht, the pound and the yen. The message brought here is to be cautious of this news.
[Fitzpatrick] But I will say, the one thing also, when you think about bitcoin... Central bank digital currencies are going to be here, I think quicker than people expect.
It is what will happen in my opinion as well. Fiat currency, digital currency from central banks, Bitcoin and cryptocurrency will all together survive with each other, have mutual relationships in transactions, exchanges, etc. None of them will disappear.Such destiny for those currencies are as same as many types of books or newspaper: paper, e-book, etc. One can become less common than the others but they won't disappear.
This is not the first time that the infamous Soros name has suddenly surfaced in the crypto community. As a matter of fact, the first time the name has made an impression on me was in 2017 or 2018 when it was also rumored that the billionaire, who earlier called Bitcoin a bubble, would begin trading crypto. But then, the rumor suddenly went off. And now it has resurfaced. I don't think we have something to fear that much. Let him buy his first Bitcoin first and we'll see how the price as well as the community react. For now, all this is the same old rumor.
Everyone might begin larping again because of this news after its confirmation. However, before doing this, do the research on who and what George Soros and his trading firms do to the currencies they trade. He will be worse than Elon Musk.
Soros Fund Management has cleared its traders to actively trade bitcoin (BTC, -2.27%), TheStreet reported, citing two people with knowledge of the matter.
The approval to trade the leading cryptocurrency was given by CIO Dawn Fitzpatrick, TheStreet said.
Source https://www.coindesk.com/soros-fund-management-is-said-to-be-trading-bitcoin-report
Soros Fund Management has cleared its traders to actively trade bitcoin (BTC, -2.27%), TheStreet reported, citing two people with knowledge of the matter.
The approval to trade the leading cryptocurrency was given by CIO Dawn Fitzpatrick, TheStreet said.
Source https://www.coindesk.com/soros-fund-management-is-said-to-be-trading-bitcoin-report
The misconception here is that most probably people are going to think that Soros is going to "invest" in bitcoin. But what's most likely going to happen is that they're just going to trade it through long/short positions, not necessarily spot. So concerning this news, it could go either way for Bitcoin in terms of being a positive or a negative.
Everyone might begin larping again because of this news after its confirmation. However, before doing this, do the research on who and what George Soros and his trading firms do to the currencies they trade. He will be worse than Elon Musk.
Soros Fund Management has cleared its traders to actively trade bitcoin (BTC, -2.27%), TheStreet reported, citing two people with knowledge of the matter.
The approval to trade the leading cryptocurrency was given by CIO Dawn Fitzpatrick, TheStreet said.
Source https://www.coindesk.com/soros-fund-management-is-said-to-be-trading-bitcoin-report
Soros Fund Management has cleared its traders to actively trade bitcoin (BTC, -2.27%), TheStreet reported, citing two people with knowledge of the matter.
The approval to trade the leading cryptocurrency was given by CIO Dawn Fitzpatrick, TheStreet said.
Source https://www.coindesk.com/soros-fund-management-is-said-to-be-trading-bitcoin-report
@mk4. I am very skeptical that his fund would be longterm holding bitcoin, however, the fund can certainly buy and pump bitcoin or bitcoin futures during a bull market and dump them during a bear market similar to many traders.
@Kittygalore. They might be presently long but also ready to short sell also. Soros did not say anything good about bitcoin according to this article.
"Cryptocurrency is a misnomer and is a typical bubble, which is always based on some kind of misunderstanding," Soros said.
"Bitcoin is not a currency because a currency is supposed to be a stable store of value and the currency that can fluctuate 25% in a day can't be used for instance to pay wages because wages drop by 25% in a day. It's a speculation. Based on a misunderstanding."
Source https://markets.businessinsider.com/news/stocks/george-soros-predictions-and-how-they-turned-out-2019-5-1028219179
@Kittygalore. They might be presently long but also ready to short sell also. Soros did not say anything good about bitcoin according to this article.
"Cryptocurrency is a misnomer and is a typical bubble, which is always based on some kind of misunderstanding," Soros said.
"Bitcoin is not a currency because a currency is supposed to be a stable store of value and the currency that can fluctuate 25% in a day can't be used for instance to pay wages because wages drop by 25% in a day. It's a speculation. Based on a misunderstanding."
Source https://markets.businessinsider.com/news/stocks/george-soros-predictions-and-how-they-turned-out-2019-5-1028219179
@Kittygalore. However, what is she hiding?
That we don't know but I am sure that they are hiding something, I already said it in the post, the question is answerable by a yes or a no but they made some suspicious sentence so I automatically deduced that he is hiding something.
Let's just say that I'm definitely not a fan of George Soros.. to say the least. But whatever, in the end, Bitcoin can be taken advantage of by everyone, even the sort of "controversial"(screw him) types of people. Regardless of his antics, Soros is known to be quite savvy with finance and investing so this would be a net positive for Bitcoin(assuming his fund does hold bitcoin).
I don't fear Soros any more than I fear Central Banks. If the Fed or the ECB haven't taken down bitcoin, it's because they couldn't, and Soros won't be able to either. It is another thing if he tries, which he doesn't have to, but every day that passes it is more difficult for someone to try to kill the Bitcoin because it is becoming more and more expensive.
This is only because you do not hold billions of dollars of your company’s treasury reserve in bitcoin and have made loans of hundreds of millions more to buy bitcoin similar to Michael Saylor hehehe.
In any case, should we trust what Dawn Fitzpatrick is telling us or should we be skeptical on their interest in bitcoin?
@Kittygalore. However, what is she hiding?
Is George Soros that dude that got rich because he bet against British Pound? I think that George owns bitcoin which is pretty evident with his answer to the question imposed, I mean if you are a normal person, you can just say no and I think that you will get that point across that you don't own bitcoin but that answer is definitely of someone who is hiding something.
I don't fear Soros any more than I fear Central Banks. If the Fed or the ECB haven't taken down bitcoin, it's because they couldn't, and Soros won't be able to either. It is another thing if he tries, which he doesn't have to, but every day that passes it is more difficult for someone to try to kill the Bitcoin because it is becoming more and more expensive.
This might be good news for everyone, however, before we larp about this I will also include news articles about 3 of George Soros’ greatest and best investments. You might not be happy.
Am I too much of a skeptic or should we trust what Dawn Fitzpatrick is telling us in this interview?
George Soros making cute face for camera
[Fitzpatrick] When it comes to crypto generally, we're at a really important moment in time, in that, something like bitcoin might've stayed a fringe asset, but for the fact, over the last 12 months, we've increased money supply in the US by over 25%. So there's a real fear of debasing of fiat currencies. And when you think about bitcoin, I don't think it's a currency, I think it's a commodity, but it's a commodity that's easily store-able, it's easily transferable, the IRS classifies it as a physical asset, it has a finite amount of supply, and that supply halves every 4 years. So I think it's interesting. And I think by the way, when you look at gold price action, in the context of a fairly robust inflation narrative of late, it's struggled getting traction and I think that's because bitcoin is taking some of its buyer base away.
[Bloomberg]: Do you own any bitcoin?
[Fitzpatrick] {pause} {laughs} I'm not gonna answer that.
[Bloomberg] That is what I would call a mysterious response.
[Fitzpatrick] But I will say, the one thing also, when you think about bitcoin... Central bank digital currencies are going to be here, I think quicker than people expect. China's been running their trial for a while now, and I think there are some strategic reasons why they're going to be a first mover. And I do think, from a geo-political perspective, they want that digital currency to be used around the world and it is a potential threat to bitcoin and other cryptocurrencies.
[Bloomberg] I was just going to say, does that legitimize bitcoin, or does that delegitimize bitcoin?
[Fitzpatrick] So I think it is a real threat, but I think it will be temporary. I don't think they'll be successful in permanently destabilizing bitcoin.
Source https://www.casebitcoin.com/story/soros-fund-management-cio-hints-at-bitcoin-ownership
Here's how George Soros broke the Bank of Thailand
According to sources who had knowledge of the Quantum Fund’s positioning at the time, Soros bet just under $1 billion of his total war chest of $12 billion against the baht.
Source https://www.businessinsider.com/how-george-soros-broke-the-bank-of-thailand-2016-9
How George Soros Broke The British Pound
What did these people do to make so much money? They bet on the inevitable. They bet that the pound and the other weaker European currencies were overpriced against the deutsche mark. They bet that the politicians and the central banks could not much longer maintain artificially high exchange rates in the interests of European unity.
Source https://www.forbes.com/sites/steveschaefer/2015/07/07/forbes-flashback-george-soros-british-pound-euro-ecb/?sh=7de3ca1a6131
George Soros 'makes $1.2bn betting against yen'
George Soros, the hedge fund billionaire known as "the man who broke the Bank of England" for his $10bn (£6.4bn) bet against the value of the pound in 1992, has reportedly made more than $1.2bn betting against the yen.
Source https://www.theguardian.com/business/2013/feb/15/george-soros-bet-against-yen
Am I too much of a skeptic or should we trust what Dawn Fitzpatrick is telling us in this interview?
George Soros making cute face for camera
[Fitzpatrick] When it comes to crypto generally, we're at a really important moment in time, in that, something like bitcoin might've stayed a fringe asset, but for the fact, over the last 12 months, we've increased money supply in the US by over 25%. So there's a real fear of debasing of fiat currencies. And when you think about bitcoin, I don't think it's a currency, I think it's a commodity, but it's a commodity that's easily store-able, it's easily transferable, the IRS classifies it as a physical asset, it has a finite amount of supply, and that supply halves every 4 years. So I think it's interesting. And I think by the way, when you look at gold price action, in the context of a fairly robust inflation narrative of late, it's struggled getting traction and I think that's because bitcoin is taking some of its buyer base away.
[Bloomberg]: Do you own any bitcoin?
[Fitzpatrick] {pause} {laughs} I'm not gonna answer that.
[Bloomberg] That is what I would call a mysterious response.
[Fitzpatrick] But I will say, the one thing also, when you think about bitcoin... Central bank digital currencies are going to be here, I think quicker than people expect. China's been running their trial for a while now, and I think there are some strategic reasons why they're going to be a first mover. And I do think, from a geo-political perspective, they want that digital currency to be used around the world and it is a potential threat to bitcoin and other cryptocurrencies.
[Bloomberg] I was just going to say, does that legitimize bitcoin, or does that delegitimize bitcoin?
[Fitzpatrick] So I think it is a real threat, but I think it will be temporary. I don't think they'll be successful in permanently destabilizing bitcoin.
Source https://www.casebitcoin.com/story/soros-fund-management-cio-hints-at-bitcoin-ownership
Here's how George Soros broke the Bank of Thailand
According to sources who had knowledge of the Quantum Fund’s positioning at the time, Soros bet just under $1 billion of his total war chest of $12 billion against the baht.
Source https://www.businessinsider.com/how-george-soros-broke-the-bank-of-thailand-2016-9
How George Soros Broke The British Pound
What did these people do to make so much money? They bet on the inevitable. They bet that the pound and the other weaker European currencies were overpriced against the deutsche mark. They bet that the politicians and the central banks could not much longer maintain artificially high exchange rates in the interests of European unity.
Source https://www.forbes.com/sites/steveschaefer/2015/07/07/forbes-flashback-george-soros-british-pound-euro-ecb/?sh=7de3ca1a6131
George Soros 'makes $1.2bn betting against yen'
George Soros, the hedge fund billionaire known as "the man who broke the Bank of England" for his $10bn (£6.4bn) bet against the value of the pound in 1992, has reportedly made more than $1.2bn betting against the yen.
Source https://www.theguardian.com/business/2013/feb/15/george-soros-bet-against-yen
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