Jim Rogers: Bitcoin will eventually go to zero and all cryptocurrencies will disappear

In a recent exclusive interview with India Today, Jim Rogers, the legendary American investor known as the "Commodity King" expressed his views on the cryptocurrency craze. He said he is skeptical of cryptocurrencies and believes the phenomenon may not last long. Although cryptocurrencies may seem attractive to some, Mr. Rogers believes that this does not fit with his investment strategy, so he is not optimistic about the long-term value of cryptocurrencies.

Rogers said that compared to Bitcoin, he is more confident in real items that people can use. Whether it is rice or sugar, it does not matter. He knows that rice will always have value, but he does not know that Bitcoin Will it ever have value: Bitcoin will one day disappear and return to zero. The value of sugar will not disappear and will return to zero one day.

Questioning Bitcoin’s replacement of gold and silver

In addition, Rogers also questioned Bitcoin’s ability to replace gold, silver and other safe-haven assets. He said: I don’t think Bitcoin will replace gold, nor will it. Don't think it will replace silver, maybe I'm wrong, maybe I should sell all my gold, silver, and buy Bitcoin, but as far as I know, most people in the world know about gold and silver, but most People don’t understand Bitcoin.

Rogers revealed that he does not personally hold Bitcoin or any other cryptocurrency, and when asked where he buys and sells gold or Bitcoin, his response was: I have never bought Bitcoin, either. Never sold or shorted Bitcoin, but I do hold a lot of gold, silver, and cryptocurrencies are obviously great trading tools in my opinion...but I expect them all to be gone one day, and many of them have already been .

Rogers has long been skeptical of cryptocurrencies. He once said in 2021 that Bitcoin is more risky than gold because Bitcoin may compete with existing sovereign currencies, which may lead governments to impose restrictions on it.

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