In this video, Jim Rogers discusses the future of crypto and bitcoin. Rogers knows the cryptocurrency guys are smarter than the government, but with Jim’s experience of investing in multiple countries and dealing with many governments, he is convinced that once the digital currency really becomes mainstream, that governments will confiscate BTC, Ethereum and other cryptocurrency and will make it treason to transact. China is already showing how a cashless society can function and it is just a matter of time before the world economy will adopt that model. Jim believe when this happens, governments will step in and supply their own digital currency and ban the current digital currency. Jim provides examples of this happening in history with gold, silver and any other investing tool that becomes popular but then, the government changes the rules. Jim explains that throughout history, governments have changed the rules, canceled contracts and not kept promises throughout the world, not just the American markets. He doesn’t believe it will be any different with bitcoin.
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Digital Currency Is The Future | Jim Rogers
About JIM ROGERS:
James Beeland Rogers Jr. (born October 19, 1942) is an American investor and financial commentator. Rogers began his investing career in 1964 when he joined Dominick & Dominick LLC on Wall Street. During the Vietnam War, Rogers served as a draftee in the US Army for military service. Rogers is the chairman of Beeland Interests. He was the co-founder of the Quantum Fund and Soros Fund Management. He was also the creator of the Rogers International Commodities Index. Rogers is very well traveled, setting a Guinness Book World Record between January 1, 1999, and January 5, 2002 for traveling through 116 countries, covering 245,000 kilometers with his wife, Paige Parker, in a custom-made Mercedes. Rogers currently resides in Singapore. Although Rogers does not consider himself a member of any school of economic thought, but has acknowledged that his views best fit the label of the Austrian School of economics.
#jimrogers #digitalcurrency #cryptocurrency #bitcoin
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