George soros investing in cryptocurrency

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This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Related Articles. Entrepreneurs Who Is Charlie Lee? Cryptocurrency Cryptocurrency Regulations Around the World. Partner Links. Related Terms What Is Cryptocurrency? A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit. What Was TradeHill Exchange? TradeHill Exchange, also known as TradeHill, was a cryptocurrency exchange that was active from to What do you think about the news of Soros Fund Management reportedly trading bitcoin products?

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Israeli investment firm dedicated to crypto freshly launched 2 funds this month for institutional clients. Institutional buyers looking at OTC markets instead of exchanges. Continue Reading. You may also like Related Topics: Fund , Investment , Soros. More in Bitcoin.

Altcoin development summary for April: important dates and releases. Featured Walletinvestor. Stocks Walletinvestor. AI Walletinvestor. 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," according to reports.

Adam Fisher, who oversees global macroeconomic investing for Soros Fund Management, has gained internal approval to invest in and trade cryptocurrencies, according to Bloomberg, which said he hadn't yet made any bets on the digital coins. The move comes despite Soros' apparent distaste for cryptocurrencies as an investment.

Earlier this year, at the annual World Economic Forum in Davos, Switzerland, Soros called cryptocurrencies a "typical bubble which is always based on some kind of misunderstanding. He added: "Bitcoin is not a currency. A currency is supposed to be a stable store of value. Soros is no longer involved in the day-to-day management of Soros Fund Management, so is unlikely to have been directly involved in the firm's decision to trade crypto.

The fund, which started in , is perhaps most famous for its massive bets against the British pound just before the Black Wednesday crisis in — when the UK dropped out of the European Exchange Rate Mechanism. Check out: Personal Finance Insider's picks for best cryptocurrency exchanges. Keep reading. For you. US Markets Loading H M S In the news.