Veteran Investor Jim Rogers Optimistic About Future of Crypto Money

Renowned capitalist Jim Rogers, who co-founded the Quantum Fund with billionaire capitalist George Soros, says helium has “optimism astir the aboriginal of crypto money.” However, helium is skeptical of cardinal slope integer currencies and warned that the satellite is looking for thing to regenerate oregon vie with the U.S. dollar.

Jim Rogers connected Bitcoin, Crypto, and U.S. Dollar

Veteran capitalist Jim Rogers shared his outlook for cryptocurrency and the U.S. dollar successful an interrogation published by the Economic Times Markets Sunday. Rogers is George Soros’ erstwhile concern spouse who co-founded the Quantum Fund and Soros Fund Management.

Despite the Fed and different cardinal banks stating that they would commencement normalizing, Rogers stressed, “There are inactive gigantic amounts of wealth printing each implicit the world.” He opined:

One should not perceive to these guys. They seldom archer the information … The U.S. Fed has much than doubled their equilibrium expanse successful the precise abbreviated play of time.

He added: “Even if they chopped backmost for a while, it is not going to beryllium capable to marque up for the gigantic wealth printing that has been going on.”

Commenting connected the aboriginal outlook for the U.S. dollar, Rogers said: “I bash not similar saying it but the U.S. is the largest debtor federation successful satellite past and the satellite is looking for thing to regenerate it oregon vie with the dollar.”

He explained that aft Russia began its penetration of Ukraine, the U.S. conscionable blocked Russia’s assets. Reiterating that “America conscionable took the Russian’s wealth away,” Rogers warned:

Well, radical bash not similar that and truthful galore countries successful the satellite … are looking for thing to vie with the U.S. dollar.

Rogers besides discussed cryptocurrency during the interview. Replying to a question astir whether helium owns immoderate bitcoin, the seasoned capitalist revealed:

I bash not ain immoderate cryptocurrency. I privation I had bought bitcoin astatine $1, astatine $5.

The Quantum Fund co-founder proceeded to speech astir cardinal slope integer currencies (CBDCs). He opined: “I bash not person large assurance successful the aboriginal of authorities cryptocurrencies that each the governments are moving connected putting wealth connected the computer. It volition beryllium their money.”

Rogers continued:

I person optimism astir the aboriginal of crypto wealth but not authorities crypto money.

However, helium cautioned: “Governments bash not similar competition. They similar to support their monopoly.”

Rogers previously warned that governments could prohibition BTC and each different cryptocurrencies. “If cryptocurrencies go successful, astir governments volition outlaw them, due to the fact that they don’t privation to suffer their monopoly,” helium said.

What bash you deliberation astir Jim Rogers’ comments? Let america cognize successful the comments conception below.

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