Soros calls Bitcoin Talk to dictators but still invests in it

The Soros Fund held 2,472,88 shares in Overstock at the end of the fourth quarter of 2017, making the businessman the third largest shareholder, reports “CNBC”, citing regulatory files.

The shares were worth $157.97m in investment time, but had lost more than $10m by Wednesday, reports “RT” Transmission Periscope.

Overstock was once a internet retailer competing with Amazon and other firms. However, the company decided to radically reform and began to accept Bitcoi. However, the company has decided to reshape and start accepting Bitcoin.

Owner Patrick Byrne told “CNN” in December that it wanted to sell the retail business and focus on Overstock's ownership of 10 blockade companies.

Soros spoke publicly against Bitcoin in January at the World Economic Forum in Davos, Switzerland. The billionaire called it a <x0foles for dictators” and compared it to a typical “bubbles. ”/Periscopi/