The New York-based Soros Fund Management of billionaire George Soros prepares to trade in cryptocurrencies. The company manages assets worth $ 26 billion.
George Soros called cryptocurrencies a bubble in January. Now his $ 26 billion family office is planning to trade digital assets.
Now he seems to have changed his mind.
Adam Fisher, who oversees macro investing at New York-based Soros Fund Management, has received approval for virtual money in the past few months
Soros has already been betting on crypto. The firm amassed a stake in Overstock.com in the fourth quarter, making it the third-largest shareholder of the discount e-commerce company. In August 2017 it became the first major retailer to accept digital currencies. The company thus had planned to start an exchange for cryptocurrencies as well as offer digital coins that could trade on the platform.
In March, Overstock.com announced that the Securities and Exchange Commission is investigating its proposed ICO. Shares have sunk about 40 percent in the wake of the disclosure.
image by shutterstock
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored or guest posts, articles and PRs are NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise