George Soros thinks cryptocurrencies are a bubble. He’s about to start trading them anyway. The billionaire investors and business magnate won’t be trading them personally, of course, but Bloomberg reports that Adam Fisher — who runs Soros Fund Management’s macro investing operation — has secured internal approval to begin trading cryptoassets.
Fisher reportedly received the go-ahead to begin trading cryptocurrencies sometime during the last few months, which is notable given public statements Soros made about cryptoassets during the same period.
Soros was one of many prominent financiers to address cryptocurrencies as an asset class at this year’s World Economic Forum in Davos, and he did not strike an optimistic tone.