Famous American investor and financial commentator, Jim Rogers, has recently expressed his regret over not buying bitcoin several years ago.
In a recent interview with RealVision, the American investor noted that he deeply regrets his decision to not buy bitcoin years ago when the digital currency was not worth as much as it is now.
He noted that while several other cryptocurrencies have come and gone over the past couple of years, bitcoin is still going strong and that is making him feel bad for not having any unit of the cryptocurrency in his portfolio.
He said, ” I wish I had bought bitcoin. I will point out that many cryptocurrencies have already disappeared and gone to zero. We all hear about bitcoin. We don’t hear about the dozens that don’t exist anymore.”
Governments Will Try To Control Bitcoin
Rogers noted that with the rate at which bitcoin is growing, it could potentially become something much more than just a trading vehicle —- a viable currency.
However, he also pointed out that if bitcoin ever gets to that stage, federal governments would want to maintain control over the digital currency, a move that would jeopardize its decentralization.
He said, ” If bitcoin ever becomes a viable currency instead of a trading vehicle, they can outlaw it. Governments don’t want to lose control, they like their monopoly. Do you think they’re going to say, ‘Okay, here are US dollars and they’re on the computer, but if you want to use something else, you can?’ That’s actually not my experience with governments at any time in history.”
Bitcoin Critics Change Their Stance
Jim Rogers has long held the reputation of a popular bitcoin critic. The popular investor has often described bitcoin, and cryptocurrencies in general, as a massive bubble.
He even once alleged that all cryptocurrencies will go extinct, with their values dropping to zero. However, he has realized that bitcoin is performing even better than expected, and it will not be surprising if he eventually decides to add bitcoin to his portfolio.
On Monday, multinational investment bank, Goldman Sachs, reopened its bitcoin trading desk seeing as institutional interest in the cryptocurrency keeps increasing.
Goldman Sachs broke the internet in early 2020 when it criticized bitcoin, saying that it is not an investment asset.
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This article is Originally posted on CoinCentral.com
Author: Obike Favour