Bitcoin Hater Soros Poised to Partake in Cryptocurrency Trading - Reports

© AP Photo / Manuel Balce CenetaGeroge Soros, long an advocate of imposing more taxes on the wealthy, has himself amassed a massive fortune by delaying those very tax payments - but the bill may be about to come due.
Geroge Soros, long an advocate of imposing more taxes on the wealthy, has himself amassed a massive fortune by delaying those very tax payments - but the bill may be about to come due. - Sputnik International
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A famous billionaire who earlier branded bitcoin as a "bubble" and a financial tool used by dictators is now reportedly preparing to start trading cryptocurrencies himself.

Adam Fisher, the man in charge of macro investing at Soros Fund Management, was granted internal approval to trade in virtual currencies, Bloomberg reports, citing people familiar with the matter.

At this time however, it appears that Fisher hasn’t yet made a wager and a spokesman for the fund has declined to comment, the media outlet adds.

Specialist Anthony Rinaldi works at his post on the floor of the New York Stock Exchange, Tuesday, March 14, 2017 - Sputnik International
Despite Slump, Bitcoin Proving to Be New Stock Market Indicator – US Investor
Earlier this year, during his appearance at the World Economic Forum in Davos, George Soros insisted that bitcoin is merely a bubble and a tool employed by dictators around the world.

"As long as you have dictatorships on the rise, you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad," he said.

As Bloomberg points out, George Soros already became indirectly involved in cryptocurrency operations as his company became the third-biggest shareholder of the discount e-commerce firm Overstock.com which "became the first major retailer to accept digital currencies" in August 2017.

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