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Nairaland Forum / Science/Technology / Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto (636 Views)
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Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto by Femiadeybayo: 11:10am On Jun 24, 2020 |
Jim Rogers, who cofounded the Quantum Fund with billionaire investor George Soros, has shared his view on bitcoin, its use as money, and governments’ response to the growing use of cryptocurrency. He predicts that central banks will not let uncontrolled money be used. Jim Rogers Talks Bitcoin Famous investor Jim Rogers shared his prediction about the future bitcoin and cryptocurrency in an interview with Asahi Shimbun Singapore branch manager Koji Nishimura, published on Friday. Rogers cofounded the Quantum Fund in 1973 with billionaire investor George Soros, which was considered one of the most successful hedge funds in its heyday. They earned a 4,200% return over 10 years through 1980 compared to 47% for the S&P 500. Rogers believes that if cryptocurrency succeeds in being used as money, instead of primarily for speculation, governments will intervene, making it illegal in order to stop its use. For this reason, “I believe that the [value of] virtual currencies represented by bitcoin will decline and eventually become zero,” he told the publication. “It is hard for us to move money without the control of the government,” Rogers said, elaborating: |
Re: Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto by Femiadeybayo: 11:21am On Jun 24, 2020 |
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Re: Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto by Femiadeybayo: 11:37am On Jun 24, 2020 |
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Re: Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto by Femiadeybayo: 11:47am On Jun 24, 2020 |
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Re: Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto by Daudaxp: 7:47am On Jun 25, 2020 |
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Re: Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto by Femiadeybayo: 3:55pm On Jun 29, 2020 |
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Re: Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto by Femiadeybayo: 9:29am On Jun 30, 2020 |
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Re: Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto by NariaTime: 1:34pm On Jun 30, 2020 |
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Re: Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto by Aforlabipeter: 8:49pm On Jul 03, 2020 |
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Re: Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto by Femiadeybayo: 5:39pm On Jul 09, 2020 |
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Re: Jim Rogers Discusses Bitcoin As Money And Why Governments Will Stop Crypto by Femiadeybayo: 6:54pm On Jul 17, 2020 |
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