Honestly, the end of all fiat currency has been number ever since the creation of Bitcoin and it is what the IMF boss sees when he advises the government about creating their CBDC. Besides, Kiyosaki even makes a statement about and advises the institution to think about investing in Bitcoin.
Meanwhile, Jim Rogers did make a point because it is logical that if the end of the US dollar does happen as he predicted the government won't allow Bitcoin to be used as an alternative since it's not controlled by their agency.
Topic: [2022-03-11]The legendary investor spoke about the future of bitcoin - page 2. (Read 489 times)
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March 13, 2022, 12:30:39 PM
March 13, 2022, 12:09:54 PM
I didn't read the article, I'm not an economist, much less a market analyst, but even I know that the US dollar will always exist, so I respect the opinion of this guy who wrote this, but I disagree with him, the US dollar will always exist
I feel like "always" is a bit of a stretch. History is littered with large empires that fell and currencies which collapsed. It's reasonable to say the US Dollar probably won't collapse soon, but nothing lasts forever. On a long enough timescale, every fiat currency has the potential to fail.
Not to mention the part where these are very strange times we find ourselves living in, what with a global pandemic and the possibility for world war 3 to occur. Such things can have lasting consequences for any economy.
March 13, 2022, 07:13:23 AM
The end of the US dollar as the world's reserve currency is a very likely option, but these stories of the collapse of their currency have been circulating in the media for decades, and yet they are still holding up very well in spite of everything. In the current global order, all the great powers will feel the negative effects on their economies because massive sanctions were not imposed on a small insignificant country, but on Russia, which was a very important player in the global economy.
Neither the dollar will collapse nor will Bitcoin become a global currency in the sense that it will be accepted by world powers such as the US, UK, EU or Japan - simply because they can have no control over a system that is fundamentally decentralized.
Bitcoin is showing its strength in these difficult times when people from all over the world send their donations to the country that needs it, without having to ask anyone for it, or having to give up their anonymity. If central banks were to get involved in the whole thing, there is no doubt that the price of Bitcoin would rise significantly, but we all need to ask ourselves if we really want that.
Neither the dollar will collapse nor will Bitcoin become a global currency in the sense that it will be accepted by world powers such as the US, UK, EU or Japan - simply because they can have no control over a system that is fundamentally decentralized.
Bitcoin is showing its strength in these difficult times when people from all over the world send their donations to the country that needs it, without having to ask anyone for it, or having to give up their anonymity. If central banks were to get involved in the whole thing, there is no doubt that the price of Bitcoin would rise significantly, but we all need to ask ourselves if we really want that.
March 13, 2022, 06:55:15 AM
A Legendary Investor Just Predicted The End Of The U.S. Dollar
~Snipped~
but cautioning governments likely won't allow bitcoin to be used as an alternative.
Despite knowing him for less than a year, I've noticed most of his so-called predictions are either pure nonsense or things that are bound to happen [nothing special about them]:~Snipped~
but cautioning governments likely won't allow bitcoin to be used as an alternative.
- e.g.Rogers has a dim view of bitcoin's long term value, however, predicting it will eventually collapse.
"I believe that the virtual currency represented by bitcoin will decline and eventually become zero," Rogers said, adding: "This is a clear bubble and I don't know the right price. Virtual currency is not an investment target.”
"Now if Washington does not like you, they put sanctions on you and you cannot use U.S. dollars."
That's not entirely correct! When it comes to individuals, they'd be partially affected [I don't want to get into the details on this thread, but depending on the situation, there might be a workaround].- FYI, I'm currently residing in a country that's been heavily sanctioned by Uncle Sam, so I'm speaking from experience!
March 12, 2022, 06:07:39 PM
I didn't read the article, I'm not an economist, much less a market analyst, but even I know that the US dollar will always exist, so I respect the opinion of this guy who wrote this, but I disagree with him, the US dollar will always exist , bitcoin did not come to replace fiat, governments will not leave their fiat that contains the history and sovereignty of their country to use only bitcoin, this will not happen, bitcoin will be used together with fiat even if it is 50 or 100 years from now. so
March 12, 2022, 01:27:44 PM
A Legendary Investor Just Predicted The End Of The U.S. Dollar—And Warned Over The Future Of Bitcoin Amid Extreme Crypto Price Swings
https://www.forbes.com/sites/billybambrough/2022/03/11/a-legendary-investor-just-predicted-the-end-of-the-us-dollar-and-warned-over-the-future-of-bitcoin-amid-extreme-crypto-price-swings/
"Now, the co-founder of the Quantum Fund and Soros Fund Management, Jim Rogers, has warned "what is happening with the U.S. dollar now is the end of the U.S. dollar"—but cautioning governments likely won't allow bitcoin to be used as an alternative."
https://www.forbes.com/sites/billybambrough/2022/03/11/a-legendary-investor-just-predicted-the-end-of-the-us-dollar-and-warned-over-the-future-of-bitcoin-amid-extreme-crypto-price-swings/
"Now, the co-founder of the Quantum Fund and Soros Fund Management, Jim Rogers, has warned "what is happening with the U.S. dollar now is the end of the U.S. dollar"—but cautioning governments likely won't allow bitcoin to be used as an alternative."
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