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George Soros at WEF warns of nuclear war

George Soros at WEF warns of nuclear war (World War 3) among other cheery topics some videos and partial transcript below

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Based on some kind of misunderstanding the bitcoin is not a currency because the currency is supposed to be a stable. Store of value and that the currency can fluctuate 25 percent in a day can be used for instance to pay wages.

Because the wages could drop by 25 percent in a day. So it’s it’s it’s speculation it’s based on a misunderstanding. A day that is also very innovative. Block chain technology which can be used for positive or negative purposes currently is used mostly. For foreign tax evasion and here. Say.

For people in the rulers and in dictatorships to build a nest egg abroad.

So recently there was a just now conference Valdai Conference where instead of discussing conditions in Russia they mainly discussed bitcoin because that’s what the rulers were interested in. So this will have had a big effect on the valuation of Bitcoin. Normally when you have a parabolic curve eventually it has a very sharp. Break. But in this case I think as long as that you have got dictatorships under rise you will have a different danger because the rulers in those countries are going to turn to bitcoin to build their nest investing abroad. So I expect that if that and perhaps break to have a rather flat top over but is nevertheless. A. Bubble. Typical of which is always based on a misunderstanding like the tulip mania. But that blocking technology can be put to positive use. And we use it actually in helping migrants to communicate with their families and to keep their. Money Safe and carry them with themselves.