Jim rogers is a famous American investor. He once founded Quantum Fund with financial tycoon Soros, and is famous for investing in commodity futures. Rogers talked about his views on digital cryptocurrency when interviewed by a reporter from Chain Home Research Institute.
Nowadays, many Wall Street giants have announced that they will enter the field of digital cryptocurrency. For example, Intercontinental Exchange, the parent company of NYSE, is developing an online trading platform to allow institutional investors to buy and hold bitcoin, and investment bank Goldman Sachs has officially started bitcoin trading business. However, jim rogers has never done any related party transactions. He said, "People have learned from the past thousands of years that there are always popular things in the commodity market. No matter what you sell, if you are a good businessman, you can make money. But will this phenomenon last forever? No, people used to trade eggs and butter very actively in the market. Digital cryptocurrency is very active now, but it does not mean that it will be active forever. "
Although not optimistic about Bitcoin, jim rogers thinks that paper money will be replaced in the future, and money will definitely be transferred on the Internet. One reason is that "the government doesn't like printing money, and the transportation and management costs of paper money are also high." With the development of technology and the support of the government, this phenomenon will definitely appear in the future ... The financial industry may change because of the blockchain, but whether the digital cryptocurrency will survive is another question. "
Regarding this trend, jim rogers believes that "people engaged in the digital cryptocurrency industry may say' we are smarter than the government', but the government, as a regulator, will say' whether you like it or not, this is the answer'. For example, jim rogers said that 100 years ago, people used the" legal tender "they wanted to trade, such as shells, gold coins, banknotes and cattle, but in/kloc, Jim rogers said: "People who manipulate digital cryptocurrencies may indeed be smarter than us, but once the government wants to regulate digital cryptocurrencies, they will certainly be able to do so."
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