George Soros has referred to cryptocurrencies as a bubble only three months ago. Now your family office is planning to enter into the purchase / sale of these digital assets.
The El Soros administration fund has given internal approval to carry out cryptocurrency operations in recent months, according to people familiar with this matter consulted by Bloomberg.
Soros, speaking at the World Economic Forum in Davos, that digital currencies can not function as real fiduciary currencies because of their volatility. In addition, he predicted that the strong collapse that these digital assets would suffer after the intense increases they experienced in 2017.
“While there are dictatorships, we will have one last difference, because the rulers in those countries will resort to bitcoin to build an egg nest abroad,” said Soros, 87, on January 25.