Crypto News

Legendary Investor Jim Rogers Strongly Warns Against Investing in Crypto Assets – Here’s Why

Investor legend Jim Rogers warns investors that crypto assets could one day be fully controlled by the government.
In a new interview with Bloomberg Crypto, Rogers says digital currencies will one day become “government money,” meaning bureaucrats and politicians will dictate how they can be used.

“A lot of people I know invest in cryptocurrencies and have fun making money. Many have already disappeared and dropped to zero.

My wife invested in crypto of all things but I don’t invest in them because the cops say there will be money and my response to that is that if and when all our money is on our computer it will be government money.

If the US government says, “okay, that’s money now,” and every government is working on cryptocurrency, they’re not going to say, “that’s money, but if you want to use that [other] want to use money, you can use this money.’

investment tip Legendary Investor Jim Rogers Strongly Warns Against Investing in Crypto Assets – Here’s Why, Crypto Trading News

That’s not the way bureaucrats think. That’s not the way politicians think. You want control. They want to settle everything.”

However, Rogers notes that he’s not overly concerned about digital assets as long as they’re used as a trading vehicle, although he says he wouldn’t participate himself in that context.

“In my opinion, if they are just trading tools, fine, go ahead… [but] I will not do it.”

Featured Image: Shutterstock/eliahinsomnia/Sensvector

Source: Crypto News Deutsch

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button