Investor Jim Rogers thinks Bitcoin is still in an air pocket and the digital money will inevitably go to zero and vanish.
The investment guru, who said Bitcoin is in a bubble in 2017, recently speculated that all cryptocurrency will eventually disappear.
In an interview with Asahi AERA Point on June 19, investor Jim Rodgers said that cryptocurrency, including Bitcoin (BTC), “will eventually go down and reach zero”.
“Those who use cryptocurrency think they are smarter than their governments,” Rogers said to AERA dot. “In fact, I think they are correct. But their governments have something that crypto people don’t have. That is guns. The reason why I think cryptocurrency will be gone eventually is that it is not based on the armed force of governments’ power.”
There has been some dubious connection between the rising and falling costs of digital forms of money and governments acting progressively dictator.
When Donald Trump requested the constrained dispersal of serene dissenters close to the White House grounds on June 1, the cost of Bitcoin flooded over 8%.
It’s just a gamble.
Together with billionaires like Warren Buffett and George Soros, Rogers is one of the biggest investors in the world. His views in an interview with AERA dot were voiced by Buffett, who said in February, “Cryptocurrency is generally of no value.”