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Governments won't allow Bitcoin to compete with state-issued currencies - Jim Rogers
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. (show less)
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 ... (read more)
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