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A US investor warns that the value of Bitcoin could drop to 0

June 26, 2020

Jim Rogers claimed that the government was the cause of this impending risk.

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A US investor warns that the value of Bitcoin could drop to 0A US investor warns that the value of Bitcoin could drop to 0


Investing in cryptocurrencies has become a sustainable way for some to make money. Although it is known that the value of Bitcoin It is, to say “unexpected,” as it is constantly changing, not preventing many people from choosing to trust their money in crypto activity. In fact, public figures like Lionel Messi, Andrew Yang, Serena Williams and Ashton Kutcher, to name a few, have invested part of their wealth in digital money.

Despite the boom in cryptocurrencies, the American billionaire is Jim Rogers, Co-founder of Quantum fundsassured that the valuation of this type of asset could collapse to 0. According to the investor, Bitcoin or another type of cryptocurrency is a means that the government sees as unnoticed, so crypto activity is wiped out because it has no control over it.

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If governments don’t have full approval of their citizens’ financial movements, trying to interfere with cryptocurrency policies will dramatically decrease their value.

Rogers’ statement remains an assumption since Bitcoin is currently continuing with a cheap valuation. However, the points raised by the financial commentator are fairly consistent, so they shouldn’t go unnoticed by those who have invested some of their assets in crypto assets.