Veteran Investor Jim Rogers Optimistic About Future of Crypto Money
Categories: Crypto News US
Jim Rogers on Bitcoin, Crypto, and U.S. Dollar Veteran investor Jim Rogers shared his outlook for cryptocurrency and the U.S. dollar in an interview published by the Economic Times Markets Sunday. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management.“Even if they cut back for a while, it is not going to be enough to make up for the gigantic money printing that has been going on.”Commenting on the future outlook for the U.S. dollar, Rogers said: “I do not like saying it but the U.S. is the largest debtor nation in world history and the world is looking for something to replace it or compete with the dollar.” The Quantum Fund co-founder proceeded to talk about central bank digital currencies (CBDCs). He opined: “I do not have great confidence in the future of government cryptocurrencies that all the governments are working on putting money on the computer. It will be their money.”However, he cautioned: “Governments do not like competition. They like to keep their monopoly.”Rogers previously warned that governments could ban BTC and all other cryptocurrencies. “If cryptocurrencies become successful, most governments will outlaw them, because they don’t want to lose their monopoly,” he said.