Jim Rogers on Bitcoin
Towards the end
Q: Have you invested in virtual currencies like Bitcoin?
A: No, I never learned enough about it. If I were smart, I would have bought it in the early days when people first told me about it. I still don’t know enough about it to invest in it.
Q: Do you have no interest in Bitcoin, or because there are so many things to invest in and there is no need to look at it?
A: There have always been plenty of great investments around the world. That’s part of it. The other part is that it seemed to be complicated (to me). Of course, I may have missed it. If somewhere along the line, they are down and I learned enough about it, I might invest.
A: I do know that the world has serious currency needs and serious currency problems. The U.S. dollar has dominated the world for the past 70 to 80 years. Somebody is going to stop using the dollar eventually. We need something to compete with the U.S. dollar, and something to replace it eventually. Whether it’s the bitcoins, the RMB or seashells, I have no idea.
Legendary investor Jim Rogers recently made a guest appearance on the Chinese investment news podcast on the China Money Network in a discussion ranging from his thoughts on bitcoin to what he refers to as the next global economic “crisis.”
Rogers has long warned of the next major financial crisis, citing the most recent wave of quantitative easing. While it is Rogers’ belief that “there is no sound currency anymore,” the well-known investor is quick to disclose that he doesn’t know much about alternatives to fiat currencies, specifically bitcoin.
While the prominent investor does; however, strongly regret not investing in bitcoin when he had first begun hearing about the digital currency, he said that “I never learned enough about it.” He added that “if I were smart, I would have bought it in the early days when people first told me about it. I still don’t know enough about it to invest in it.”