Topic: Soros is a crypto believer - page 2. (Read 280 times)

That wouldn't surprise me at all, especially when you take into consideration that he might somehow also have calculated in the situation of him being taken out of his position at whatever later point in the future.

All his physical assets can and will be confiscated, all his wealth on bank accounts everywhere around the world can and will be confiscated, etc. The only thing that no one can take away from him, are his crypto assets.

Bitcoin doesn't only offer the regulars the freedom that they deserve, but also dictators. Bitcoin doesn't say no to anyone, which is why it's such a safe haven asset. Whatever Maduro's plan is, it's working.

I however don't think any exchange with moral standards should list coins tied to a dictator, especially not when they willingly let their entire country suffer financially, and starve their people as form of suppression.

This quotation attributed to George Soros is interesting:


This could indicate one aspect of how central bankers may be losing control over world leaders. Oftentimes bankers have maintained control over dictators by having their money stashed inside a tax haven. You can see it happen with dictators who have been deposed or overthrown. Billions of dollars disappear and no one can find where the money went. Example of this: I think more than $10 billion "disappeared" when Ferdinand Marcos fled the Philiippines.

Bankers operate and manage tax shelters for dictators and hold that money in trust, which could give them political leverage over many world leaders.

If what Soros said is true and world leaders are shifting their attention to bitcoin as a tax shelter, this could give banks less influence over them. It might also mean that dictators who hold their wealth in crypto will refuse to illegalize or pass restrictive regulation over crypto markets & exchanges.

One thing which could lend credibility to this view is Maduro and venezuela issuing its own petrol backed crypto currency. It is possible that Maduro's own wealth is denominated in bitcoin or some alt, which is part of the reason why he's shifting towards a pro crypto stance and investing so much time and effort into it. Wouldn't that be interesting?

Crypto is the future, but I have mixed feelings about what this bubble might be for us. While I do agree that crypto is here to stay this "bubble" however is being discussed not because of that but because of the saturation that is present in the markets. If you look at the worthy projects there aren't many, but the ones that are worthy stand to remain like Google, Amazon, and Youtube. We will see which of these projects stands out to that degree, but I would imagine the percentage is less than 10%.

https://coinidol.com/george-soros-criticizes-bitcoin/

Soros bought a big share of Overstock which recently announced will change radically to become crypto-friendly.

Also,
not bad, huh?

Maybe he understood that every business that has to do with crypto is likely to make profit in the future , like Overstock did already.
 
IMO crypto is the future, and doesn't seem a bubble at all