Soros predicted how the bubble will end and discussed why cryptocurrency is a misnomer. : Legendary investor George Soros joined a chorus of well-known investors calling bitcoin a bubble this week, making his remarks in a speech at the World Economic Forum in Davos, Switzerland Thursday. “Cryptocurrency is a misnomer and is a typical bubble, which is always based on some kind of misunderstanding,” the financier and founder of the $26 billion Soros Fund Management said. Billionaire financiere George Soros said in Davos on Thursday that he thinks bitcoin and cryptocurrencies are classic bubbles that will burst eventually.