More Big Money Entering the Crypto Market! Is This the Push We Needed?
By: Ivy Riane
Tags: Finance, Cryptocurrency, Bitcoin, Investing, Sentiment

Photo of George Soros. Courtesy of Forbes.

Over the weekend, we saw George Soros and the Rockefeller’s BILLION dollar investment funds announce that they are going to be getting involved in cryptocurrency in the near future.

This is the BIG money that many in the crypto community have been waiting for and it is coming soon!

Soros’ Stance

The funny thing is that Soros had claimed back in January (only a few short months ago) that Bitcoin was a bubble and should be avoided by investors.

If you study Soros’ investment history, he is a notorious short seller and I find it interesting that he is now choosing to get involved in the markets when Bitcoin has fallen so sharply as of late.

It’s possible that big money has been shorting the market in the background without public knowledge and are looking to play into a long game, of sorts.

The Rockefellers Plan

The Rockefellers seem to be showing a lot of optimism where crypto is concerned and show promise in wanting to invest in crypto companies to help them to grow. And we all know that the Rockefellers have the money to grow companies.

Venrock, a Rockefeller owned venture capital firm, has signed an agreement with Coinfund, a cryptocurrency company, stating that they will provide backing for virtual tokens and blockchain innovation.

Coinfund has recently launched Coinlist, a token-backed financial services platform. This company has succeeded previously in many projects like Kik chat messenging app that raised $100 million in their Initial Coin Offering (ICO) just last year.

“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,” said David Pakman, partner at Venrock, as quoted by Fortune.

Thoughts on This Development

I expect that more big money will follow into the market now that such large names are finally getting involved. It was incredibly smart of them to wait for the market to go back down before deciding to jump in.

And Soros likely helped the downfall of the market with his words and his lack of support back in January. That is what happens when you have tons of money and social influence, you say something and there is quite a reaction to it.

There are rumors that the Rothchilds have been taking steps towards entering the crypto market. The family is known for their close ties to financial organizations and banks and there are reports that they purchased bitcoin exposure in Grayscale Bitcoin Trust in December of this past year.

If I had a crystal ball, I would likely find that the market will soon get pumped up to extraordinary levels and see the possibility of a higher barrier to entry for newbie investors that may not have a lot of money to invest.

It is often said that BIG money is indeed SMART money, so it is smart to follow where the big money goes… at least in my mind anyway.

Please do not take this as investment advice I am not a financial advisor, only a personal investor and market speculator. Do your own research and make your own decisions regarding any investment, as I do.

I would love to hear what you think of this development in the crypto market! Do you see crypto moving up or will it stay down for a while longer? I would love to hear your thoughts!

Ivy