LIVE💵Legendary Investor Predicts the End of Cryptocurrencies — Foresees Bitcoin's Value Hitting Zero Eventually😅🤡
Jim Rogers, an established investor who co-founded the Quantum Fund alongside George Soros, isn't convinced about the lasting power of cryptocurrencies, including bitcoin. Speaking at the India Today conclave recently, Rogers shared his skepticism:
"I’m very skeptical of crypto. I don’t expect it to last. It’s been fabulous for some people now. Not for me, but I do not see any long-term value in cryptocurrency."
Rogers prefers tangible assets like rice or sugar over bitcoin, stating that he's more confident in their lasting value. He believes that while commodities like sugar will always have value, the same can't be said for bitcoin, which he predicts will eventually disappear and hit zero.
Despite bitcoin's meteoric rise in recent times, Rogers doubts its ability to replace traditional safe-haven assets like gold and silver. He admits to not owning any bitcoin or other cryptocurrencies himself.
Rogers has a history of skepticism toward cryptocurrencies. In 2021, he expressed concerns about governments potentially outlawing them, and in 2022, he highlighted the desire of governments to regulate them tightly. He continues to cast doubt on bitcoin's potential as a mainstream form of money.
Beyond cryptocurrencies, Rogers has also warned about the future of the U.S. dollar, predicting its further decline and the rise of alternative reserve currencies like the Chinese yuan. He foresees the next recession as potentially the worst in his lifetime.
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