George Soros Believes Bitcoin’s Bubble is Maintained by Dictators

A Balding moderator decided to read from the audience's question. He asked Mr. Soros, "Someone says," Are you a currency bookmaker, what do you think about cryptokuranx? Is bitcoine a bubble, and do you have any place in cryptocurrency? "

Mr. Soros smiled at every bit of his age of 90 years, and he seemed to accept the clear smiles spread over the room and his face. "Well," he laughed slowly by scratched his head, "Cryptokragency is a misnomer, and it is a normal bubble which is always based on some kind of misunderstanding.

Their currency speculation is not the most liked. Mr. Soros's currency tricks have ruined the entire economy. Just ask the Bank of England or the most currency at one time or another Asia? You can say that he knows something, yes.

To strengthen your next idea, Mr. Soros explained, "Bitcoin is not a currency, a currency is considered to be a stable store and a currency which can fluctuate up to twenty-five percent in a day. For example, wages can not be paid because wages can fall by twenty-five percent in one day. Therefore, there is a speculation on the basis of misunderstanding, "he insisted.

          Bitcoin for Tax Evasion

Does he really understand the technology and why its instability can be a feature rather than just a bug, beyond the scope of the current report? But he is adopting the heritage party line, "He has also used a very innovative blockchain technique that can be used for positive or negative purposes"

"[Bitcoin] is currently used mostly for tax evasion and ... ... people in the ... rulers of dictators have made nests abroad ... recently, now, there was a conference Instead of discussing situations in Russia, they used to discuss primitive bitcoins as the ruler was interested in it, "Mr. Soros explained, foul chemistry. In fact, the world leaders have been unusually outspoken about cryptocurrency during the past few weeks, and this subject has been dominating a lot of financial press.

"Therefore, it will have a big effect on the evaluation of bitcoine. Usually when you have parabolic curve," he had cut the karate on his left hand ", in the end it is a very fast break but in this case, I think that As long as you have gained dictatorship over growth, you will have a different end, because the rulers of those countries are heading towards Bitcoin to make nests abroad. "

It is difficult to know what he is saying especially, but it is estimated that North Korea, Venezuela, Iran and perhaps Russia are also involved. Short evidence exists, they are actively participating in activating bittoine, but at least one is making its own version

"So I expect a sudden break, another flat up ... but this is a bubble, which is always based on misunderstanding like tulip mania, but the barrier technology can be kept for positive use. And we use it, in fact, to help migrants communicate with their families and keep their money safe, "they concluded Received. There was no follow-up question just how the expatriates used to communicate to use blockkins or secured their money.