Is George Soros Right about Overstock.com?

The whole tZERO proposition might make sense if Overstock.com were actually making money. Stockrow.com data indicates the company is losing money right now.
tZERO is described as an effort to build a “front-end trading system” designed to reduce settlement costs and make auditing easier. The company is trying to build a distributed-ledger platform marketplace for accounts receivable; which would be lucrative if it works.

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George Soros about to take the Cryptocurrency Plunge

Either way, there is a strong possibility that Soros Fund Management or its surrogates will start buying up large amounts of cryptocurrency if the prices for strong altcoins such as Bitcoin, Ethereum (ETH), and Litecoin (LTC) stay low.

“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 (BTC) to build a nest egg abroad,” Soros said at the World Economic Forum in Davos Switzerland on 25 January 2018.
Soros thinks cryptocurrency will attract big money and he wants a piece of it. Soros is very familiar with dictatorships and currency; he grew up in Hungary during World War II and experienced Nazi and Communist thuggery; and one of history’s worst cases of hyperinflation, first hand.

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Bitcoin is Proving Soros’ China Hard Landing Thesis

Durden noted that demand for bitcoin has been increasing as the Chinese government has stepped up efforts to halt the flow of currency out of the country. Back in September; when a bitcoin was fetching $230 in the open market, the People’s Republic started trying to enforce a prohibition on moving more than $3,300 (20,000 Yuan) out of the country in a day.

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Barrick Gold Proves it’s Not a Good Idea to Listen to Billionaires

Gold prices are higher because of volatility; particularly in China, but that volatility might not last. One problem that gold investors forget about is that if the economy in the People’s Republic does crash; large numbers of Chinese investors will start dumping their gold for quick cash, and drive down the prices.

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What You Should Know about Greece

Bitcoin is a real wild card here because it gives Greeks a practical alternative to both the Euro and whatever paper their government might try to foist upon them.

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