AT recent interview, American investor Jim Rogers said that he would not be ready to buy cryptocurrencies no matter what prices they may trade in the future. “No, the answer is no,” he said.
However, Rogers appears to have left the door open for such investments. He claims he would consider buying bitcoin if the European Union accepts it as its official currency. He wants the cryptocurrency to be backed by governments.
While Rogers claims that bitcoin is “wonderful” for speculation, he believes it will eventually fail as a currency. He predicts that governments will not lose their monopoly on money. With such comments, the investor repeated the opinion of billionaire Ray Dalio.
In a May interview, Rogers said he regretted the decision to abandon Bitcoin when it traded for just dollars ten years ago. Some have suggested that the co-founder of Soros Fund Management has changed his mind. However, in a recent interview, Rogers made it clear that he remains very skeptical of Bitcoin.
Prior to that, he argued that bitcoin is just a tool for gambling, and not real money.
In 2020, he predicted that the price of the main cryptocurrency will eventually drop to zero because governments around the world will not let it survive.
Rogers isn’t the only prominent investor who doesn’t want to touch bitcoin or other cryptocurrencies with a 10-foot pole. Earlier this year, Berkshire Hathaway CEO Warren Buffett said he would not buy all of the Bitcoin in circulation for as little as $25.
Credit : u.today