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Cash will certainly come to be increasingly more digitized, according to Jim Rogers, investor, very popular author, and also founder of the Quantum Fund, however the inquiry is whether or not non-government released digital money will prevail.
" If cryptocurrencies ended up being successful, most federal governments will disallow it, due to the fact that they don't want to lose their syndicate, every government worldwide is servicing computer cash currently, consisting of the U.S. The Chinese exist currently. I can not think of that the federal governments are mosting likely to claim ok, this is our crypto cash, or you can use their crypto cash, that's not the means governments function, historically," Rogers told Michelle Makori, editor-in-chief of Kitco Information.
0:00 – Debt levels unsustainable
6:31 – Dollar as global reserve currency
9:15 – Bitcoin
13:20 – Inflation
17:40 – Farming
21:25 – The start of completion of the UNITED STATE?
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Jim Rogers: History shows that Bitcoin will be outlawed if it becomes ‘successful’
Money will become more and more digitized, according to Jim Rogers, investor, best-selling author, and co-founder of the Quantum Fund, but the question is whether or not non-government issued digital currencies will prevail.
“If cryptocurrencies become successful, most governments will outlaw it, because they don’t want to lose their monopoly, every government in the world is working on computer money now, including the U.S. The Chinese are there already. I can’t imagine that the governments are going to say ok, this is our crypto money, or you can use their crypto money, that’s not the way governments work, historically,” Rogers told Michelle Makori, editor-in-chief of Kitco News.
0:00 - Debt levels unsustainable
6:31 - Dollar as global reserve currency
9:15 - Bitcoin
13:20 - Inflation
17:40 - Agriculture
21:25 - The beginning of the end of the U.S.?
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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