Bitcoin climbs more than 1000 USD – Soros and co at work?

Bitcoin climbs more than 1000 USD – Soros and co at work?

bitcoin News
April 12, 2018 by Ramaa Mohan
Bitcoin climbs more than 1000 USD - Soros and co at work?

In what is shaping up to be the first time since December, bitcoin has surged to about $8,000 USD breaking the technical barrier of $7000. This surge is the first and largest of its kind since bitcoin’s December bull run, where the coin touched $20,000 USD before crashing.

Big Name Investments Involved?

It was only revealed a matter of days ago that George Soros, a man deemed as one of the most successful investors in the financial market, commissioned a team of people to act on his behalf and start investing in cryptocurrencies.

This move, on the part of Soros, is a massive retraction of all the comments he has been making in the past about cryptocurrencies and outrightly calling it a ‘bubble’. Up until this point, his comments and policies on the crypto-market have been largely anti-crypto and he has repeatedly warned people not to invest in it and stressed that it showed all the characteristics of a bubble.

However, since Soros has changed his mind and has decided to use the low price of bitcoin to buy into the market.

Unlike the blatant anti-crypto stance that Soros took, the Rockefeller family has been quite pro-crypto and blockchain. They have been making statements that went on to show that they were, indeed, learning and observing the crypto space from afar for quite a while before deciding to plunge into it.

The Rockefeller’s Venture Capitalist Firm, Venrock, in addition to releasing pro-crypto statements to the media, announced that they had struck a partnership with Coinfund and elaborated the firm’s vision for blockchain related activities.

With bitcoin at its lowest ever since the bull in December, it appears hardly to be a coincidence that the sudden surge comes only a couple of days after two of the biggest names in the financial sector announced that they would be dabbing their toes into the crypto market and its day-to-day.

Bitcoin, today alone, has risen nearly 16% from market open to close.

Is it possible that Soros and the Rockefeller family have something to do with this?

Join the ItsBlockchain community on Facebook for industry news and free trading signals –

Get free altcoin day trade signals on our free Telegram group –

For up to date technical analysis and trends, follow us here – 

Add a comment

In a hurry?
No problem, let us help you learn more via email.
Join our exclusive list to get the latest cryptocurrency info & blockchain happenings straight to your inbox.
Don't worry, we don't spam!