December 3, 2022

Investment legend Jim Rogers has issued a warning to investors saying that crypto assets could one day come under complete government control.

in a new way an interview With Bloomberg Crypto, Rogers says digital currencies will one day become “government money,” which means bureaucrats and politicians will determine how they are used.

“A lot of people I know invest in cryptocurrency, have fun and make money. Many have already disappeared and gone to zero.

My wife invested in cryptocurrency for all things, but I don’t because the bulls say there will be money, and my answer to that is, if and when all our money is on our computer, it will be government money.

When the US government says, “Okay, that’s money now,” and every government that works on crypto money, they won’t say, “This is money, but if you want to use that.” [other] Money, you can use this money.

This is not the way bureaucrats think. This is not the way politicians think. They want control. They want to organize everything.”

However, Rogers notes that he doesn’t care much about digital assets as long as they are used as commercial tools, although he says he still won’t even get involved in that context.

“From my point of view, if they only trade cars, that’s fine… [but] I do not do that “.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

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