Investment legend Jim Rogers has warned investors that the day may come when cryptocurrencies are completely controlled by governments.
In a new interview with Bloomberg Crypto, Rogers says digital currencies will one day become “government money.”
“A lot of people I know invest in cryptocurrencies and have fun making money. Many have already disappeared and gone to zero.
My wife invests in cryptocurrencies of all kinds, but I haven’t invested in them because the bulls say there is money… government money.
When the U.S. government says, “Okay, this is money now,” and all governments are working on cryptocurrencies, they say, “This is money, but if you want to spend it, [other] money, you can spend that money.
It’s not a bureaucratic way of thinking. That’s not how politicians think. they want to control. They want to regulate everything. ”
However, Rogers said he is not too worried about digital assets as long as they are used as a means of trading, but he also said he would not participate in such a situation.
“From my point of view, if they’re just trading vehicles, fine. [but] i’m not doing that
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
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The post Legendary investor Jim Rogers issues a stern warning against investing in crypto assets – here’s why he first appeared on The Daily Hodl.
https://bitrss.com/news/266098/legendary-investor-jim-rogers-issues-stern-warning-against-investing-in-crypto-assets-here-s-why Legendary Investor Jim Rogers Issues Hard Warning Against Investing in Crypto Assets – Here’s Why