First Soros and Rothschilds, Now Rockefellers: Global Elite Entering Crypto Market

 This week, it was reported that multiple high profile banking  interests were moving into the cryptocurrency space—most notably, George  Soros, the Rockefellers, and the Rothschild dynasty. According to Bloomberg,  Adam Fisher, who is in charge of Soros Fund Management is preparing the  firm for cryptocurrency trading. The firm has yet to make a purchase or  an official statement, and a spokesperson has declined to comment on  the matter. 

This move was surprising to some, as Soros has been critical of cryptocurrency in the past, calling it a “bubble” and even a tool for dictators to hide their money. 

“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,” Soros said. 

Ironically enough, one of the best uses of cryptocurrency is for  people to hide their money from dictators to avoid confiscation and  taxation. Also last week, Bitcoin.com  reported that the infamous Rockefeller dynasty has made moves into the  world of crypto. 

The Rockefellers are well known for their heavy  influence in global politics, education, media, banking and oil, and are  often viewed as corrupt ruling class figures. 

Venrock, the Rockefellers’ venture capital firm, announced that their  first partnership will be with Coinfund, an investor group for  cryptocurrency startups. Venrock partner David Pakman explained the project in an interview with Fortune, saying that, “There  are a lot of crypto traders in the market. There are a lot of  cryptocurrency hedge funds. This is different. In fact, to us, it looks a  little bit more like venture capital. 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.” 

Oddly enough, Pakman went on to say that cryptocurrency is a  technology that bypasses gatekeepers, despite the fact that his company  is owned by the ultimate gatekeepers. 

“Gatekeepers tend to charge rent or toll on users. The benefit of the advent of crypto is that we have fewer gatekeepers,” Pakman said.  

“Venture capital itself is effectively a gatekeeper industry and I’d  actually like to see that undone. I don’t believe that a small group of  people should make the decisions about which projects can raise some  money and get off the ground.” 

What’s more, as RT recently reported, the Rothschilds, also known for  their close ties to banks and other financial institutions, have  stepped towards cryptocurrency trading as well. In December, the family  reportedly purchased bitcoin exposure via the Grayscale Bitcoin Trust  for the first time. 

 In the past several years, bankers have been constantly changing  their opinions on cryptocurrency—bashing the technology one minute, and  then praising it the next. Now it seems that big banks want to cut their customers off  from crypto purchases, while at the same time implementing blockchain  systems with their existing business models. 

Bank of America CEO Brian  Moynihan recently claimed that the company has more patents than anyone  else in the blockchain space. In an interview with Yahoo Finance at the recent World Economic Forum in Davos, Switzerland, Moynihan said, “We have more patents, I think than almost anybody in blockchain.” 

“We believe in the idea of distributed ledgers, and  smart contracts, and all the words you hear about that. We are  developing stuff… But it’s not new concepts. The Registry of Motor  Vehicles is a distributed ledger. We know who owns a car, we know who  owns a house. The idea is that you can do it more electronically, and  can do it across borders. The question of an anonymous currency, that’s a  policy question that people have to answer but the idea of digital  movement of money, and blockchain, we’re all for.”

A spokesperson for Bank of America told Yahoo Finance that the  company has 48 patents related to blockchain. A Google patent database  search shows that Bank of America owns 27 patents containing the word “blockchain,” 36 for “bitcoin” and 39 under “cryptocurrency.” 

Moynihan shares the sentiments of many in the banking industry who  hate anonymous cryptocurrency, but see potential in the blockchain  technology that makes it possible. 

As with any technology, this is a  tool, which could be easily used in our favor or against us. As I have  pointed out many times in the past, this is why the battle for the  blockchain and the race to innovation is so important. 

Early Bitcoin adopter Andreas Antonopoulos compares the general  attitude that the banking industry has towards cryptocurrency to the “five stages of grief,”  a popular psychological model used to describe the emotions that people  go through when they experience some type of loss. These stages are  denial, anger, bargaining, depression and acceptance, usually in that  order. 

His analogy seems fairly accurate. First, the establishment entirely  denied the existence or legitimacy of cryptocurrencies. Next, they went  into the anger phase, where they did their best to associate crypto with  crime and terrorism, even going so far as to lock up some of the most prominent figures in the space. 

Now, as Antonopoulos points out, it seems that we have entered into the “bargaining phase” where the banks will try their best to co-opt the technology in a desperate attempt to stay competitive and relevant. 

“Denial happens with all innovative technologies. The desire to  dismiss change. Bitcoin was irrelevant. Then it wouldn’t die, then  it was scary and dangerous… The new ‘line’ is that blockchain technology  is promising. Now we’re in the ‘bargaining’ stage,” Antonopoulos said.

 Luckily, the blockchain is a battlefield where those who are fighting  for freedom, actually have an upper hand on those who are fighting  against it. The developers who are seeking to build anonymous and  decentralized platforms are more skilled and knowledgeable than the old  money that is entering the space. 

Let us hope that the next stage “depression” is for the bankers, and not for us. 

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AUTHOR BIOGRAPHY:

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My name is John Vibes and I am an author and researcher who organizes a number of large events including the Free Your Mind Conference. I write for numerous alternative media websites, including The Free Thought Project @tftproject and The Mind Unleashed. In addition to my first book, Alchemy of the Timeless Renaissance, I have also co-authored three books with Derrick Broze @dbroze : The Conscious Resistance: Reflections on Anarchy and Spirituality, Finding Freedom in an Age of Confusion and Manifesto of the Free Humans

I just won a 3-year-long battle with cancer, and will be working to help others through my experience, if you wish to contribute to my medical bills, consider subscribing to my podcast on Patreon.