Soros

Davos 2018: Bitcoin is a typical bubble, Soros says

Cryptocurrencies are a bubble and cannot function as actual currencies because of their volatility, legendary macro trader George Soros said from Davos, Switzerland. But he didn’t quite predict the crash that some naysayers have forecast.

“Normally when you have a parabolic curve, eventually it has a very sharp break,” Soros said Thursday. “But in this case, 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.”

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Soros: Russia is the resurgent power

George Soros has lamented that the European Union is on the verge of collapse while Russia is becoming “a resurgent nationalist power.”
Hungarian-American tycoon George Soros, who runs the $26 billion Soros Fund Management and chairs the global board of the Open Society Foundations (OSF), made the remarks while speaking to the Financial Times.

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Farage asks for an investigation over Soros influence

Brexit architect Nigel Farage has slammed George Soros over his alleged backing of the European project. Farage, speaking at the European Parliament, said the billionaire’s influence in Brussels and Strasbourg was ‘really extraordinary’.

Nigel Farage says while Russia is accused of funding Britain’s ‘Leave’ campaign, financier George Soros’ recent $18 billion donation to pro-EU charity Open Society has escaped scrutiny. “This is where the real international political collusion is,” Farage says.

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Davos 2017: Soros warned Europe over disintegration danger

George Soros, on the sideline of Davos Forum, gave his views on the state of the world. The EU, according to billionaire investor, is disintegrating following last year’s Brexit vote and Italian referendum, a course that must be reversed. The trading bloc has become dysfunctional because it is governed by laws that are "not appropriate to the current circumstances" and not easily changed, he said.

"If Europe breaks down, the consequences will be very dire," the investor said. "But I do see a way it could be saved, and this is also recognized by many of the people in Brussels. They can’t say so publicly, but they know that Europe is not functioning."

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Soros: $1 billion loss due to Trump’s victory

Hedge fund legend George Soros lost a lot of money after the election of Donald Trump, according to a new report from The Wall Street Journal.
Sources familiar with the hedge fund manager’s trading said he remained cautious going into the November election and then made the mistake of becoming more bearish immediately after Mr. Trump’s win.
The stock market rallied on expectations that Mr. Trump’s policies would boost the economy, causing Mr. Soros’ trading positions to incur losses approaching $1 billion, sources told The Journal.

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