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George Soros, Rockefeller Take Their Marks Before Diving Into the Cryptocurrency Pool (businessinsider.com)
john of sparta shares a report from Business Insider (Warning: source may be paywalled; alternative source): Reports of a crackdown on cryptocurrency advertisements by tech giants such as Google and Facebook as well as regulatory uncertainty in Asia and the U.S. have weighed on the coin for much of March and April. The coin is down 50% since the beginning of the year. But investors appeared to be more bullish during Sunday's trade following reports that two Wall Street icons were looking to get into the market for cryptos. More notably, the investment fund founded by billionaire George Soros is preparing to dive into cryptocurrency trading, even though Soros himself previously described them as a "bubble." Adam Fisher, who oversees global macroeconomic investing for Soros Fund Management, has gained internal approval to invest in and trade cryptocurrencies, according to a Bloomberg News report. Also, Venrock -- a venture capital firm founded by descendants of famed capitalist John D. Rockefeller -- announced it was partnering with a cryptocurrency investment firm based in Brooklyn. Fortune first reported on the partnership.
"John Burbank, who shuttered his main fund last year, plans to raise $150 million for two funds investing in digital currencie"
Please be clear. Burbank is taking US Dollars for a 'Fund'. Funds take money (real actual $$$ money) and buy something with it, and take a fee for managing that something. He is not investing in crypto, you are, he is taking fees as $$ for your investment in it. He is not the idiot making the bad pseudo investment, you are.
"Soros has already been indirectly betting on crypto. The firm amassed a stake in Overstock.com in the fourth quarter, making it the third-biggest shareholder of the discount e-commerce company. In August 2017 it became the first major retailer to accept digital currencies. The company had also planned to start an exchange for cryptocurrencies as well as offer digital coins that could trade on the platform."
Again, he is not investing his money in crypto, he bought Overstock.com who in turn were planning to setup an exchange TAKING MONEY FROM IDIOTS BUYING CRYPTO. A different thing.
Don't be fooled.
Honestly this seems the way of the future, it is sweeping the globe. It works better than money, and it has none of the down sides of the bickerings of the international community.
"Works better than money?" LOL!
No bickerings? LOL!
You're blowing off the "international community" and putting your money in the hands of a bunch of Chinese who've already shown that they'll manipulate the price all day long:
https://hackernoon.com/the-gre...
No sig today...
People like Soros and the descendants Rockefeller arent visionary, but products of their respective dynastic wealth. They benefit disproportionately from a wealth that came about to an extremely lucky subset of people once in a generation. The methods by which their fortunes were amassed arguably could only ever take place once in history.
Venrock, the venture capital company mentioned in tfa, has nothing to do with intrepid capitalists championing the helm of innovation and change and more to do with a branded venture capital firm seeking out new revenue streams, like an old dog seeking out the dinner bowl by smell.
Good people go to bed earlier.
Yeah, I read it as 'there are enough sheep with enough money for the wolves to be interested'.