Veteran investor Jim Rogers is optimistic about the future of cryptocurrency – Bitcoin news

Veteran investor Jim Rogers is optimistic about the future of cryptocurrency – Bitcoin news

Well-known investor Jim Rogers, who co-founded the Quantum Fund with billionaire George Soros, says he is “optimistic about the future of cryptocurrency.” However, he is skeptical about the digital currencies of the central bank and warned that the world is looking for something to replace or compete with the US dollar.

Jim Rogers on Bitcoin, Crypto and the US Dollar

Veteran investor Jim Rogers shared his views on cryptocurrencies and the U.S. dollar in an interview published by the Economic Times Markets on Sunday. Rogers is a former business partner of George Soros who is a co-founder of Quantum Fund and Soros Fund Management.

Despite the Fed and other central banks saying they would begin normalization, Rogers stressed: “Gigantic amounts of money are still being printed around the world.” He is of the opinion:

You don’t need to listen to these guys. They rarely tell the truth… The US Fed has more than doubled its balance sheet in a very short period of time.

He added: “Even if it is reduced for a while, it will not be enough to compensate for the gigantic printing of money that is happening.”

Commenting on the future outlook for the US dollar, Rogers said: “I don’t like to say that, but the US is the biggest debtor in world history and the world is looking for something to replace it or compete with the dollar.”

He explained that after Russia started the invasion of Ukraine, the United States only blocked Russian property. Reiterating that “America has just taken money from the Russians,” Rogers warned:

Well, people don’t like it and so many countries in the world are looking for something that would match the US dollar.

Rogers also discussed cryptocurrency during the interview. Asked if he owned bitcoin, the veteran investor revealed:

I do not own any cryptocurrency. I wish I had bought bitcoin for $ 1, for $ 5.

The co-founder of the Quantum Fund went on to talk about central bank digital currencies (CBDCs). He said: “I do not have much confidence in the future of government cryptocurrencies that all governments are working on investing money in computers. That will be their money. “

Rogers continued:

I am optimistic about the future of cryptocurrency, but not state cryptocurrency.

However, he warned: “Governments do not like competition. They want to keep their monopoly. ”

Rogers previously warned which governments could ban BTC and all other cryptocurrencies. “If cryptocurrencies become successful, most governments will outlaw them because they don’t want to lose their monopoly,” he said.

What do you think of Jim Rogers ’comments? Let us know in the comments section below.

Veteran investor Jim Rogers is optimistic about the future of cryptocurrency – Bitcoin news

Kevin Helms

A student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in the security of Bitcoin, open source systems, network effects and the crossroads between economics and cryptography.

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