THELOGICALINDIAN - Renowned broker Jim Rogers who cofounded the Quantum Fund with billionaire broker George Soros says he has optimism about the approaching of crypto money However he is agnostic of axial coffer agenda currencies and warned that the apple is attractive for article to alter or attempt with the US dollar
Jim Rogers on Bitcoin, Crypto, and U.S. Dollar
Veteran broker Jim Rogers aggregate his angle for cryptocurrency and the U.S. dollar in an account appear by the Economic Times Markets Sunday. Rogers is George Soros’ above business accomplice who co-founded the Quantum Fund and Soros Fund Management.
Despite the Fed and added axial banks advertence that they would alpha normalizing, Rogers stressed, “There are still gigantic amounts of money press all over the world.” He opined:
He added: “Even if they cut aback for a while, it is not activity to be abundant to accomplish up for the gigantic money press that has been activity on.”
Commenting on the approaching angle for the U.S. dollar, Rogers said: “I do not like adage it but the U.S. is the better debtor nation in apple history and the apple is attractive for article to alter it or attempt with the dollar.”
He explained that afterwards Russia began its aggression of Ukraine, the U.S. aloof blocked Russia’s assets. Reiterating that “America aloof took the Russian’s money away,” Rogers warned:
Rogers additionally discussed cryptocurrency during the interview. Replying to a catechism about whether he owns any bitcoin, the adept broker revealed:
The Quantum Fund co-founder proceeded to allocution about axial coffer agenda currencies (CBDCs). He opined: “I do not accept abundant aplomb in the approaching of government cryptocurrencies that all the governments are alive on putting money on the computer. It will be their money.”
Rogers continued:
However, he cautioned: “Governments do not like competition. They like to accumulate their monopoly.”
Rogers previously warned that governments could ban BTC and all added cryptocurrencies. “If cryptocurrencies become successful, best governments will outlaw them, because they don’t appetite to lose their monopoly,” he said.
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