It looks like there has been considerable speculation over the world’s wealthiest family’s involvement in the crypto space after several rumors that the Rothschilds were involved in some sort of huge blockchain project.
Word had been flying around with luminaries such as Vitalik Buterin stating on Reddit that: “Are ‘the Rothschilds’ even well-coordinated enough to be worth caring about as a group these days?” Buterin raised the issue as cryptocurrency enthusiasts were discussing the opaque IMMO blockchain project the banking dynasty is reportedly investing in.
In the recent turmoil surrounding the Bitfinex exchange, it turned out that one of the ‘whale’ wallets was associated with IMMO. Speculation was rife at the time that the Rothschilds were involved in the IMMO foundation.
But this appears not to be the case accordingly to an exclusive interview with IMMO Evangelist Gabriel Brack.
Brack who was speaking on behalf of the IMMO Foundation, said that the rumors surrounding the Rothschilds involvement in the creation of the cryptocurrency project IMMO are absolutely groundless.
“I can say unequivocally that the involvement of the Rothschild family in the creation of IMMO is purely speculative,” said Brack, “we do not want the community to disseminate information that is known to be false. Speculations about the project are completely out of control, it’s time to put all the rumors to rest” added the IMMO Evangelist.
Gabriel Brack, long time Trustee and Protector of the Rothschild Family trusts, worked at the Rothschild group from 1988 to 2008. For more than 10 years, Gabriel worked as General Manager at the Family Office Baron Benjamin de Rothschild in Geneva. With extensive experience in the field of Capital Management, he successfully managed various investment portfolios & funds.
Today, Gabriel Brack is the CEO at Watamar Asset Management AG and is among the first Evangelists of the crypto- community – IMMO High1000. Gabriel believes that it was his past experience as General Manager in the Rothschild Family Office that was the reason that some people assumed the possible connection of the Rothschild dynasty with IMMO. As a result, multiple rumors and speculations escalated around the project.
The cryptocurrency community quickly caught up with the rumors: in social networks and forums, there was an active discussion of the relationship of the banker’s dynasty and the new cryptocurrency company. This led the IMMO riddle to grow even stronger. One of the users, for example, suggested that with the help of IMMO the world elite will establish total control over finances and all cash flows of the world.
Obviously, the birth of such “predictions” is associated with an increased interest in conspiracy theories. After all, conspiracy theories help people find at least some sense in the world around them, where they cannot control what is happening.
It is noteworthy that IMMO hasn’t made any official statement until today. Lack of information has caused rumors to rise around the project.
“The cryptocurrency market is undergoing a crisis of trust, and this is primarily due to the fact that crypto-projects create a lot of hype, but do not fulfill their promises. The transformation of the market has led to the fact that investors have become more selective in relation to blockchain-start-ups. A strong and experienced team, and a viable and well-developed product – that’s what serious investors are paying attention to today,” said Gabriel.
The IMMO chose ‘a closed door policy’ and, perhaps for this reason, the information vacuum began to be filled with speculations and outright assumptions. Recently there have been accounts that the Rothschilds held a closed event in Tokyo.
“IMMO has been conducting closed meetings because the Partner Sale has begun for privileged clients. However, there is nothing secret about that.”
Although the operation of IMMO is still shrouded in mystery, these vehement denials by Brack do seem to indicate that the Rothschild’s are not involved in blockchain – at least for now.