Despite Bitcoin reaching a historic high this month, American legendary investor Jim Rogers, who co-founded Quantum Fund with “financial crocodile” George Soros and is known as the “Commodity King,” predicts that Bitcoin will eventually go to zero and all cryptocurrencies will disappear.
(Previous background:
Legendary investor Jim Rogers: The “worst moment” has yet to come, the United States becomes the largest debtor in history!
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(Supplementary background:
Legendary investor Jim Rogers: The “worst” bear market in his lifetime is coming! But I haven’t bought any Bitcoin.
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During a recent interview with India Today, Jim Rogers, the “Commodity King” and legendary American investor, poured cold water on the cryptocurrency frenzy, expressing a highly skeptical attitude towards cryptocurrencies and doubting their continued existence:
Rogers stated that he has more confidence in tangible goods that people can use than in Bitcoin. Whether it’s rice or sugar, it doesn’t matter. He knows that rice will always have value, but he doesn’t know if Bitcoin will have value forever.
Questioning Bitcoin’s ability to replace safe-haven assets such as gold and silver, Rogers stated:
Rogers revealed that he personally does not hold any Bitcoin or any other cryptocurrencies. When asked where he buys or sells gold or Bitcoin, his response was:
Rogers has long been a skeptic of cryptocurrencies. In 2021, he asserted that Bitcoin is more dangerous than gold because it competes with existing sovereign currencies, making it likely to be targeted and restricted by governments.
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