Despite Bitcoin reaching a historic high this month, Jim Rogers, the American legendary investor and co-founder of Quantum Fund with “financial crocodile” George Soros, predicts that Bitcoin will eventually go to zero and all cryptocurrencies will disappear.
Jim Rogers, also known as the “Commodity King,” recently gave an interview to India Today where he poured cold water on the cryptocurrency craze. He expressed a highly skeptical attitude towards cryptocurrencies and doubted their existence in the long term.
Rogers stated that he has more confidence in tangible goods that people can use, such as rice or sugar, rather than Bitcoin. He knows that rice will always have value but is unsure if Bitcoin will hold value forever.
Questioning Bitcoin’s ability to replace safe-haven assets like gold and silver, Rogers said that he personally does not hold any Bitcoin or other cryptocurrencies. When asked where he buys or sells gold or Bitcoin, his response was that he doesn’t.
Rogers has long been a skeptic of cryptocurrencies. In 2021, he asserted that Bitcoin is riskier than gold because it competes with existing sovereign currencies and is likely to be targeted and restricted by governments.
Related Reports:
– Soros’ Comrade: Jim Rogers – “In our lifetime, the US dollar will collapse”
– “Legendary Investor” Jim Rogers: The era of the US dollar is coming to an end! Global de-dollarization is accelerating
– “Commodity King” Rogers firmly believes that Bitcoin is more dangerous than gold! Governments will eventually impose bans to defend the authority of sovereign currencies.