In early January, George Soros gave Overstock $100 million to invest in cryptocurrencies and blockchain. Since January 5, 2018, we have had a reduction in market cap from a high of about $830,000,000,000 to low of about $360,000,000,000. That's over a 50% reduction. Judging by his past, it's not crazy to ask, did he plan to crash the crypto market?
In 1988, George Soros was accused of insider trading, when he bought stakes in four formerly state-owned companies in France, including one of the country's leading banks, Société Générale, on behalf of his Quantum Endowment Fund based on confidential information. The stakes were worth a total of about $50 million at the time. He was found guilty, in 2002, by a French court of insider trading and was fined 2.2 million euros ($2.3 million), the amount prosecutors said he had profited from the trading.
In 1992, George Soros brought the Bank of England to its knees. He destroyed England's monetary system by betting against the pound. This bet made him a billion dollars. This event is known in England as Black Wednesday.
This brings us to today. An event that could possibly be labeled as "Crypto Black Friday". I am just leaving this information out there. I make no claims I just offer evidence. Make up your own minds. It seems obvious whales are controlling the market, ask yourself, is there a bigger whale than george soros?
This chart is from January 6, 2018 to February 2, 2018
