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The value of Bitcoin drops to zero

June 22, 2020

The investment guru Who said Bitcoin was already in a bubble in 2017 speculated that all cryptocurrencies will eventually disappear.

In an interview with Asahi’s publication of AERA dot on June 19, the investor Jim Rogers said that cryptocurrencies, including Bitcoin (BTC)“Eventually they will go in decline and everything will go to zero“”

“Those who use cryptocurrencies think they are smarter than their governments.”Rogers said AERA point. “In fact, I think they’re right. But their governments have something that people in cryptocurrencies don’t have. They are weapons. I think cryptocurrencies will eventually go away because they don’t depend on the government’s armed forces. “.

The value of Bitcoin drops to zeroThe value of Bitcoin drops to zero

There was an unproven correlation between the rise and fall in cryptocurrency prices and more authoritative government action. When Donald Trump ordered the forced dispersal of peaceful demonstrators near the White House site on June 1, the price of Bitcoin rose more than 8%.

Cryptocurrencies are just “a bet”

Cointelegraph reported in November 2017 that Rogers said BTC “looks and smells like a bubble”. This was before the cryptocurrency hit its all-time high of over $ 20,000 in December 2017.

”[…] Cryptocurrencies didn’t even exist a few years ago, but in no time they became 100 and 1000 times more valuable. This is a transparent bubble and I don’t know the right price. Virtual currency is not an investment goal. It’s just a game of chance. “

Along with billionaires like Warren Buffett and George Soros, Rogers is considered one of the largest investors in the world. His opinions in the AERA point interview correspond to those of BuffetWho said in February, “Cryptocurrencies are basically of no value.”