Soros, Rockefeller’s Venrock Cryptocurrency
Soros is in the mix even though earlier this year, Soros himself had called the digital currency market “nothing but a mere bubble”. Kinda like when Jamie Dimon, CEO of JP Morgan, made all of that fuss about Bitcoin being a scam which was one piece of FUD that helped tank the bitcoin market. Then months later Jamie Dimon of J.P. Morgan Chase backpedaled his arse off after he bought up bitcoin at a discount.
Yes I believe it was a deliberate attempt to manipulate the market and he was successful at that.
According to CNBC:
Chairman and CEO Jamie Dimon is backpedaling a bit on his earlier criticisms on cryptocurrencies.
In September, Dimon called bitcoin a fraud. “I regret making” that comment, he said Tuesday on Fox Business.
“The blockchain is real,” Dimon added in the interview. “You can have cryptodollars in yen and stuff like that. ICOs … you got to look at every one individually. The bitcoin was always to me what the governments are going to feel about bitcoin when it gets really big. And I just have a different opinion than other people.”
Venrock is a $3billion venture capital firm owned by the top dog elitist, the Rockefellers. They are eyeing cryptocurrency projects and markets.
When traditional stock investors beat me up in facebook about cryptocurrencies being a bubble baby, I no longer engage with them. Old school thinking tend to get onboard a decade later when the best time of the party has passed. I’ll see them at the end of the party.
Since Soros, Rockefeller’s Venrock Cryptocurrency, we will see more traditional players publicly announcing their entry into the market.
Rockefeller’s Venrock for 50 years has been focused on science and technology plays. Their investments consists of the top of the mark companies such as Intel, Apple, AppNexus, CloudFlare, and StrataCom, and others. Cryptocurrency seems like a logical progression even though I don’t understand what took them so long. Well… yes I do… but that is another blog article to be written.
in 1969, the grandson of John D. Rockefeller gathered his siblings together to found Venrock, the family’s venture capital arm. (“Venture” plus “Rockefeller” gives you “Venrock.”) Now Venrock is embarking on a a new journey … cryptocurrency.
Venrock is now funding CoinFund which was founded 3 years ago. CoinFund has backed some great blockchain projects and CoinList is one of them. CoinList is an AngelList spin-off whose goal is to help companies undertake regulatory compliant ICOs. One of CoinFund’s most prominent clients is Kik, the chat app creator, who is well-established as a first mover since 2017. Kik’s crypocurrency’s ticker is KIN.
Pakman and Brukhman are Venrock partners. According to http://fortune.com/2018/04/06/crypto-vc-venrock-coinfund/, they see tremendous opportunity in the potential for the technology to disintermediate middlemen.
Gatekeepers tend to charge rent or toll on users
The benefit of the advent of crypto is that we have fewer gatekeepers.
Venture capital itself is effectively a gatekeeper industry and I’d actually like to see that undone. I don’t believe that a small group of people should make the decisions about which projects can raise some money and get off the ground
Pakman sounds like many of us old-timers in the cryptocurrency space which I categorize as unconventional thinking. He’s talking about disintermediation and I love it. But I won’t get complacent .. I will be watching their moves!
Soros, Rockefeller’s Venrock Cryptocurrency means things are changing quickly.
I am not sure what this means in regards to the future of cryptocurrency and the blockchain, but folks stay tuned!
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Faith Sloan “QueenWiki”
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