Soros and Rockefeller investing in cryptocurrency? Oh really.
Last week, news channels reported that the head of the Office of the Soros Foundation received approval for trading with cryptocurrencies over the next few months. Then came the news that the Rockefeller family – another giant of the American financial establishment – joined the party. Some began to wonder if Buffett would not be the next.
Reasons for doubt
But not everyone took these messages for pure truth since in the crypto space there are often cryptocurrencies inflating facts or even outright lies. But there is something else that prompted some to question the integrity of these reports.
George Soros has already spoken about cryptocurrency in the recent past.
Grounds for sensational messages
On April 6, an article published in Bloomberg entitled “George Soros Prepares to Trade Cryptocurrencies.” The article, in particular, talked about the acquisition by Soros Fund of a stake in Overstock.com, which” in August 2017 became the first major retailer to accept digital currencies. The company also planned to begin exchanging cryptocurrency, offering digital coins that could used for trading on the platform. And the key for us contained in the following message:
“Adam Fisher, who oversees macro investing at New York-based Soros Fund Management, got internal approval to trade virtual coins in the last few months, though he has yet to make a wager, according to people familiar with the matter. A spokesman declined to comment”
Given the credibility of this publication, and also by other cases, we do not doubt that Bloomberg enjoys trusted sources. For example, relatively recently Bloomberg started talking about the warning Binance Exchange, according to people familiar with this matter. The CEO of Binance immediately stated that these messages not based on anything and his exchange has no problems with the regulatory authorities of Japan. But the most exciting thing is that the next day, a formal warning made to the exchange. So we have no reason to doubt this message.
The next message about Rockefellers
Fortune published an interview with David Pakman, who is an investor and partner of Venrock. He shared that Venrock is teaming up with CoinFund, a group of developers of cryptocurrency systems in Brooklyn, to help entrepreneurs create businesses based on the blockbuster. He added:
“We wanted to partner with this team that has been making investments and actually helping to architect a number of different crypto economies and crypto token-based projects”
In turn, in his official Twitter, CoinFund confirmed the partnership with Pakman and Venrock.
Well, and where are the Rockefellers? – you ask.
Rockefeller Brothers Inc. formed in 1946 by Laurance S. Rockefeller, one of Rockefeller senior’s children, to invest in promising businesses. It renamed to Venrock in 1969. It has invested in startups such as Apple and Intel.
That Soros and Rockefeller investing in the cryptocurrency.
Who is next?
But not all Illuminati are on board. Warren Buffett remains unshakable in his insistence that he will never invest in bitcoins. Or maybe he, too, will change his mind over time? But is it so crucial for a true “hodler.” Regardless of whether Soros and Rockefeller investing in cryptocurrency or not, there will always be people who will appreciate and invest in new technologies.