Renowned Investor Jim Rogers Warns Governments Want to Control Crypto — ‘They Want to Regulate Everything’

Veteran capitalist Jim Rogers, who co-founded the Quantum Fund with billionaire capitalist George Soros, has warned astir cryptocurrency, stating that “if and erstwhile each our wealth is connected our computer, it’s going to beryllium authorities money.” Nonetheless, helium noted that his woman invests successful crypto.

Jim Rogers’ Crypto Warning

Famed capitalist Jim Rogers shared his presumption astir cryptocurrency successful an interrogation with Bloomberg, published past week. Rogers is George Soros’ erstwhile concern spouse who co-founded the Quantum Fund and Soros Fund Management.

“A batch of radical I cognize are investing successful crypto and having amusive and making money. Many person already disappeared and person gone to zero,” helium began, elaborating:

My woman invests successful crypto of each things, but I don’t put successful them due to the fact that the bulls accidental they’re going to beryllium money, and my reply to that is, if and erstwhile each our wealth is connected our computer, it’s going to beryllium authorities money.

Rogers proceeded to explicate that governments volition not let different currencies to vie with their currencies.

Pointing to his telephone arsenic an illustration of physics money, the seasoned capitalist opined: “When the U.S. authorities says, ‘okay, this is wealth now,’ and each authorities is moving connected crypto money, they’re not going to say: ‘This is money, but if you privation to usage that [other] money, you tin usage that money.'”

He stressed:

That’s not the mode bureaucrats think. That’s not the mode politicians think. They privation control. They privation to modulate everything.

“In my view, if they [cryptocurrencies] are conscionable trading vehicles, fine, person astatine it. [But] I’m not going to trade, I’m not doing it,” helium concluded.

Rogers was asked if thing would alteration his caput astir investing successful crypto. He admitted that if things alteration past helium volition besides person to change. For example, “If abruptly the euro is each denominated successful crypto, good past I person to change,” helium said. However, Rogers noted that helium doesn’t spot it happening.

This was not the archetypal clip that the Quantum Fund co-founder warned astir governments coming aft cryptocurrency. In April past year, helium said governments could ban cryptocurrencies. “If cryptocurrencies go successful, astir governments volition outlaw them, due to the fact that they don’t privation to suffer their monopoly,” Rogers stressed. He besides antecedently said, “virtual currencies beyond the power of the authorities volition beryllium eliminated.”

In addition, helium warned past period that more carnivore markets are coming and the adjacent 1 volition beryllium “the worst” successful his lifetime. Noting that galore stocks volition spell down 90%, helium cautioned that investors volition suffer a batch of money. He besides predicted the end of the U.S. dollar, fueled by the Russia-Ukraine war.

Do you hold with Jim Rogers? Let america cognize successful the comments conception below.