Veteran Investisseur Jim Rogers Optimistesch Iwwer Zukunft vu Krypto Geld

Renowned investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says he has “optimism about the future of crypto money.” However, he is skeptical of central bank digital currencies and warned that the world is looking for something to replace or compete with the U.S. dollar.

Jim Rogers op Bitcoin, Crypto, an US 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.

Despite the Fed and other central banks stating that they would start normalizing, Rogers stressed, “There are still gigantic amounts of money printing all over the world.” He opined:

One should not listen to these guys. They rarely tell the truth … The U.S. Fed has more than doubled their balance sheet in the very short period of time.

He added: “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.”

He explained that after Russia began its invasion of Ukraine, the U.S. just blocked Russia’s assets. Reiterating that “America just took the Russian’s money away,” Rogers warned:

Well, people do not like that and so many countries in the world … are looking for something to compete with the U.S. dollar.

Rogers also discussed cryptocurrency during the interview. Replying to a question about whether he owns any bitcoin, the veteran investor revealed:

Ech besëtzen keng cryptocurrency. Ech wënschen ech hätt Bitcoin bei $ 1 kaaft, bei $ 5.

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.”

De Rogers huet weider:

Ech hunn Optimismus iwwer d'Zukunft vu Krypto Suen awer net Regierung Krypto Suen.

However, he cautioned: “Governments do not like competition. They like to keep their monopoly.”

Rogers virdrun virdru gewarnt datt d'Regierunge kéinte verbidden 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.

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Kevin Helms

E Student vun der éisträichescher Economie, de Kevin huet Bitcoin am 2011 fonnt an ass zënterhier en Evangelist. Seng Interesse leien an der Bitcoin Sécherheet, Open-Source Systemer, Netzwierkungseffekter an der Kräizung tëscht Wirtschaft a Kryptografie.