based on a misunderstanding, he stressed. Billionaire financiere George Soros said in Davos on Thursday that valuutanvaihto forex hinnat he thinks bitcoin and cryptocurrencies are classic bubbles that will burst eventually. . (Photo by Sean Gallup/Getty Images). Legendary investor George Soros joined a chorus of well-known investors calling bitcoin a bubble this week, making his remarks in a speech at the World Economic Forum in Davos, Switzerland Thursday. Ray Dalio, founder of Bridgewater Associates, called the bitcoin a bubble in an interview with cnbc from the World Economic Forum in Davos on Tuesday.
What do you think. So this will have a big effect on the valuation of bitcoin.
Also read: Tezos Swiss Foundation Concept is Old, Inflexible and Stupid. Soros earned a reputation for making masterful calls based on macroeconomic conditions over several decades through his storied Quantum Fund, which produced average annual returns of 20 through its history. . Normally when you have parabolic eventually it has very sharp break but in this case as long as you have got dictatorships on the rise you will have a different ending because the rulers in those countries are going to turn to bitoin to build. Soros went on to comment on blockchain technology and the crash of bitcoin during his speech: Theres also as very innovative blockchain technology, which can be used for positive or negative purposes. Well, he laughed while scratching his head momentarily, cryptocurrency is a misnomer, and its a typical bubble which is always based on some kind of misunderstanding. Legendary currency trader, hedge fund titan, philanthropist George Soros, 87, delivered his yearly talk at The World Economic Forum 2018 in Davos, Switzerland. At the end of his remarks, an audience question asked the mogul his thoughts on cryptocurrencies generally and bitcoin in particular. Indeed, world leaders have been unusually vocal about cryptocurrency the last few weeks, and the subject is dominating much of the financial press.
George, soros : Bitcoin is Propped Up by Dictators From, davos : Bitcoin, is A 'Typical Bubble' Hash - Bitcoin Wiki Statement about potential Bitcoin hard fork Bittrex Support