An investment guru who said Bitcoin was in a bubble back in 2017 said recently that all cryptocurrencies would eventually go away. In an interview with Asahi publication AERA dot on June 19, investor Jim Rogers said that cryptocurrencies, including Bitcoin (BTC), “will eventually go down and everything will fall to zero.” “Those who use cryptocurrencies think they are smarter than their governments,” Rogers told AERA dot. “And I also think that they are. But their governments have something that crypto people don’t have.
“Cryptocurrencies will eventually disappear”
They have weapons. I believe that cryptocurrencies will eventually disappear because the government’s gun violence is not behind it.” There is an as yet unproven connection between rising and falling cryptocurrency exchange rates and authoritarian governments. When Donald Trump violently dispersed a gathering of peaceful protesters near the White House on June 1, the Bitcoin rate rose more than 8 percent.
That was before the cryptocurrency hit its all-time high of over $ 20,000 in December 2017.
”[…]” Cryptocurrencies did not exist a few years ago, but in a blink of an eye their value rose 100 or 1000 times. That is a clear bubble and I don’t know the right price. Virtual currencies are not Investment goal. You’re just gambling. “