George Soros fund and the company Venrock take steps to start investing in criptomonedas.
The bitcoin and ‘altcoins’ earnings yield and return on Monday to plan near recent lows.
The rise in prices of bitcoin and the rest of coins encryption market Monday spurred by news came two funds legendary Wall Street investment are ready to storm the revolution criptodivisas and blockchain. George Soros and the Rockefeller family have taken steps to start taking positions in this market, although prices have embarked on a new correction that approximates their recent lows.
Three months have passed since Soros joined his voice to the chorus of skeptics in creating Satoshi Nakamoto qualify bubble and the rise of virtual currency last year. Now, however, and after correction of 60% of its price, the fund manager has the green light to operate with virtual currencies. But it has not yet taken any steps in this direction, according to reports in ‘Bloomberg’.
Adam Fisher, who oversees macro-investments at Soros Fund Management, which moves 26,000 million dollars and is headquartered in New York, obtained internal approval to market virtual currencies in recent months, according to people familiar with the matter. But Soros has already been betting indirectly in the ‘crypts’. The fund amassed a stake in Overstock.com in the fourth quarter of last year, becoming the third largest shareholder of the e-commerce company. In August 2017, the company became the first major accepting digital currencies as payment retailer. The company had planned to also throw a bag of criptomonedas and offering digital currencies that could operate on the platform.
The company Venrock, meanwhile, owned by the Rockefellers, announced a cooperation agreement with the company CoinFund dedicated to investments in crypto currencies.
NEW PRICES DECLINING
According to some specialized media, news opened the door to capital inflows in this market on Monday, when the bitcoin managed to exceed $ 7,000, but in recent times has become a red dye leading digital currency. The total capitalization of tokens and coins exceeds 8,000 million the threshold of 250.000 million and the most traded of these assets is depreciated by 5%.
With the recent fall, bitcoin is approaching the lows of April 1 at $ 6,500 and technical analysts warn that under current conditions a visit to the annual minimum, at $ 6,000, is still on the table. 2A the graph view of the future of bitcoin, born at the end of 2017 we can see how in the current downward phase (upper and lower lows) there are two control zones, a fairly clear priori “explains Jose Maria Rodriguez, technical analyst of Bolsamania.
“The support of the $ 5,970, the February lows and as resistance (quite clear by the way) the $ 11,800. Which means that, in theory, to the extent that the price does not jump above the mentioned resistance corrective phase remains intact, “adds the expert.
In all other digital currencies, the ethereum again lose $ 400, the ripple falls below $ 0.50 and litecoin was changing hands at $ 114, with the sharpest fall of all, almost 6 %. Bitcoin cash yields 640 dollars.