Quantum Fund investor and co-founder Jim Rogers expressed skepticism about central bank digital currencies. He believes that the future of money is in cryptocurrencies.
Two years ago, the famous American investor Jim Rogers (Jim Rogers) was considered a cryptocurrency skeptic and called bitcoin a bubble that will burst sooner or later. However, now he is starting to change his mind about digital assets due to the policies of the US Federal Reserve System (FRS).
Rogers declaredthat he has lost confidence in the Fed and other central banks that are still printing gigantic sums of money. This only aggravates the situation and does nothing to strengthen the exchange rate of state currencies, Rogers is sure. He commented on the outlook for the US dollar:
“I hate to say this, but the US is the largest debtor country in the history of the world. After the start of the military operation of Russian troops on the territory of Ukraine, the United States simply blocked Russia’s assets. People are worried about this, so they are looking for something that could replace the US dollar or compete with it.”
The Quantum Fund co-founder said he no longer has confidence in central bank digital currencies either, as these assets are controlled by governments and therefore belong to them.
When asked if he owns bitcoins, the investor said that he did not invest in cryptocurrencies. But if bitcoin was worth between $1 and $5 per coin, an investor would seize the opportunity and buy it.
In general, Rogers believes that cryptocurrencies have good prospects. However, if bitcoin and other crypto-assets develop too quickly and successfully, most regulators may declare them “outlawed” because governments “do not like competition and do not want to lose their monopoly,” Rogers warned.
The former head of one of the divisions of Bank of America, David Woo, on the contrary, believes that it is the digital dollar that can seriously compete with bitcoin. In his opinion, the US authorities will not ban bitcoin due to political tensions.
Source: Bits
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