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Rockefeller & Soros: Behemoths Investing in Crypto Despite Bear Market

From the beginning of this year, the market has experienced a continued drop from the high prices that we had in December to the state that we have now, with prices having fallen significantly, mostly this last March. March was especially bad for the market, with bitcoin losing more than 30% of its value. But, in the cryptocurrency circles, there is no uniformly bad sentiment about crypto, and many take this as a natural drop. But, the investors that want to play the game, in the long run, are filling the cryptocurrency lines.
Just today, two giants of the world economy were reported to be starting big investments in crypto related businesses, through partnerships or directly. The biggest surprise was the report that George Soros, the American finance magnate of Hungarian origin, has turned his eyes on investing in cryptocurrencies. According to Bloomberg sources, Adam Fisher, a chair in Soros organization had received internal authorization to start trading in cryptocurrencies. The strange thing with this news is that Soros had publicly launched negative opinions about cryptocurrencies before. As of February 2018, Soros had a worth of $8 billion, and if he is investing in cryptocurrencies, something is ringing his bell.
The other behemoth family that has turned its eye to cryptos is the Rockefeller Family, that has started to invest in crypto-related startups through its capital company called Venrock (Ventures Rockefeller). Through CoinFund, they are helping to build blockchain companies from the ground up. According to the report published by Fortune, Venrock sees great potential in crypto, because of the lack of middlemen in the industry. Without fees or charges, there is more for the originators of businesses.
Our take on the subject is that cryptocurrencies are great for investors for the same reasons that they are heavily criticized. Volatility can be a good thing if you know how to read the market and invest at the right time. Lack of support can also be a good thing because the coin makes its own stability and if a certain government falls, you are separated from that fact. Cryptocurrencies are the future, and investors will be attracted to them for a long time.

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