Rothschild Buys Into Bitcoin (BTC)

0

Last Updated on 16 October 2020 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
View all posts

The name Rotschild is a part of the global history. Famed author and Scottish history professor Niall Ferguson once wrote a legendary book about them called The House of Rotshschild, which featured many of the tales and whispered stories that are said to have influenced governments, countries and kingdoms.

Although the Brits will always point towards the moment when the family invested in the Suez Canal at the demand of UK Prime Minister Disraeli (shown in the series Disraeli):, here’s my own favorite.

Advertentie.

Battle of Waterloo

The long line of financiers rose to global power and fame during the Napoleonic wars in the 1800s. Nathan Mayer Rothschild, the third oldest son of five brothers had settled in London to do business. Becoming wealthy in trading, he had financed the Duke of Wellington in his battle against Napoleon.

As the Battle of Waterloo happened, the Rothschild family had a man on the scene who rode to London with the news as soon as it became clear who had won the battle. It took him two days to make the trip to London, but he still arrived there before the UK government got the official news. Rothschild immediately started buying UK government bonds.

In fact, legend has it that the Rothschild couriers brought news of victory at Waterloo “a full 48 hours before the government’s own riders brought the news to Downing Street” and “knowing the structure of the market we can conclude that however much Nathan made out of Waterloo, it must have been very considerably.”

Square, Microstrategy, Grayscale and Rothschild

And now, this long line of generations of financiers who for hundreds of years know before others what will happen, is buying into Bitcoin apparently. In doing so they follow other Wall Street greats such as Square (of Twitter CEO Jack Dorsey), Grayscale and Microstrategy.

Yes, according to social media, and more particularly a Turkish fintech investor with some 51k followers, the RothSchild family is the latest in a long line to invest directly into Bitcoin. He added a Forbes article to prove his point. 

If Bitcoin rises on the news that Square has bought some 50 million of the best known cryptocurrency, we can only wonder how much old money would be poured into it once people realize the Rothschild family is also investing.