Bitcoin Hater George Soros Finally Admits He Wants In On Crypto

in #bitcoin7 years ago

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America’s favorite power broker, the evil bloated Ringwraith himself, George Soros, is now poised to invest in cryptocurrency, despite trashing Bitcoin just a few months ago.

In addition to calling Bitcoin a “bubble”, Soros ironically stated that digital currencies are a tool for dictators:

"As long as you have dictatorships on the rise, you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad.”

Bloomberg is now reporting that Soros Fund Management has been approved to start investing in virtual currencies.

So the tide has turned, and Adam Fisher, the fund’s manager of macro investing and no doubt one of Soros’ Orcs, has finally been given the greenlight on crypto. As of now, though, no wagers have been made.


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It’s a big move by someone notoriously dubbed “the man who broke the Bank of England” thanks to his incredible financial scheming back in the 90’s when he was essentially the good guy, not the bad guy.

On Black Wednesday, September 16, 1992, Soros sold short over $10 billion worth of British Pounds against the BoE—a massive amount back in the day.

The cunning maneuver earned Mr. Ringwraith around $1.1 billion—and he was soon invited to meet with the Dark Ring Lord herself, the Queen of England. Not long after, though, Soros started his foundation, and so began his decades-long quest for global dominance.


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Is Soros’ move into crypto a sign that decentralized digital currencies are actually taking over?

Or does the diabolical investor have something more sinister up his sleeve?

I have to admit, I feel very queasy about him getting involved now… but we’ll see how things turn out in the coming years.




In the past, we here at TDV have followed a few of Soros’ financial moves---now he’s following ours.

This probably make some libertarians feel sick to their stomachs yet, still, we both expect to enjoy massive profits---but while the Ringwraith has shown he intends to use his wealth for a globalist, statist agenda, we’re using our riches to spread freedom far and wide.

It’s an epic battle and no one knows who the eventual winner will be yet. But if you care about all things good, you’ll be cheering for our side.

You can find our winning strategies and perspectives in The Dollar Vigilante newsletter. Not only do we present profitable positions each month that our subscribers have acted on, but we have anticipated Soros by months and, in some ways, even by years.

If you read TDV (subscribe HERE), you know we're fighting the system by selling the government’s tanking dollars and buying gold and gold-related securities. We’re also protecting ourselves by taking many other innovative approaches.

In fact, the “Dollar Vigilante” name was inspired by what Soros did in the 90s. He was dubbed a “bond vigilante” which sounded awesome at the time. Since then, though, he clearly has gone down the dark path. Apparently that happens whenever anyone gets too close to that goddamned ring.

See, in The Lord of the Rings, the ring of power symbolized the state---it’s a tale about freedom written by anarchist J.R.R. Tolkien. While the men, elves, dwarves, and hobbits fought against the ring’s absolute power, we are dollar vigilantes battling the State’s absolute power... in real life.




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As much as I dislike that reptilian Soros, he was right about the bubble part.

Great share Jeff, I like how Soros is just now getting into bitcoin...now that the price is off 60% from its highs. Yes Soros does have a knack for making money and manipulation. I wonder what he has up his sleeve, he's already extremely wealthy. I think he's more concerned with power and manipulating markets. In the 90s he crashed the Thai currency. We'll see what happens, but any large manipulative moves in the market could be attributed to Soros and his Rothschild bankster friends. He obviously is in on the banking cartel, as the Rothschilds lent him $10 billion in the first place. Stay vigilant all.

I also see this rather as a move from their strategy to ban/paint concurrency to a new strategy where they try to get in and manipulate. Just to keep their power.

Indeed thats their business. Let's keep eyes wide open.

Interesting perspective. Yes, they know banning is ineffective. Bitcoin is like honey badger, it just keeps coming back. Yes, their new strategy is to destroy it within.

Lol these guys will hail to cryptocurrencies for their awesome advance technology in the end.

bitcoin 50k this year

I'd like to see his crypto portfolio. What are the odds that George Soros is overweighted in Ripple?

He was just trying to drive down the price for a better entry point. Bitcoin is about to take off like never before..

Well, I'm not sure how I feel about this. Someone with the billions and experience of sorts could really damage the community with manipulation practices. Hope we can manage this challenge.

Well every one wants To make money and George Soros getting involved is kind of scary news for the long term.

Thanks for the post Jeff. It just goes to show that all the FUD being created is irrelevant. The monetary system is changing, whether it was a secret plan or not, the blockchain is coming to everything.

Is he going to buy crypto or just lame futures/synthetic ETFs? Could investing in crypto also mean shorting BTC like he did before?

Blockchain technology will win in the end no matter how much people resist. The fact that Soros is now coming into the space just further validates this and other big fish will follow suit eventually even if they're claiming they won't now. Just give it time, anyone in crypto now will be very happy 5-10 years from now if you can be that patient. I particularly like Steem's prospects as a staple of the crypto world, top 10 crypto overall by market cap, and one day likely to be at least $10, maybe more because more and more people are signing up everyday and this platform has real world usability. I hope I'm right anyway because I'm more heavily invested in Steem than any other crypto! :)

Yes, yes, and yes. Steem is by far the best way for the average individual to start earning crypto and get involved in the new economy.