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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