Bitcoin

President Donald Trump

Donald Trump

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investor-jim-rogers-discusses-bitcoins-role-and-government-perception/" data-wpel-link="internal">Investor Jim Rogers Discusses Bitcoin’s Role and Government Perception</a><br></p>
<p style="text-align: justify">In the world of cryptocurrency, well-known investor and <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">financial</a> commentator <strong>Jim Rogers</strong> shared his opinions on cryptocurrencies, particularly on the role of <a href="https://en.coin-turk.com/spot-bitcoin-etfs-could-signal-a-paradigmatic-shift/" data-wpel-link="internal">Bitcoin</a> (BTC) as a government-backed currency.</p> 
<h2 style="text-align: justify" id="bitcoin-not-a-threat">Bitcoin Not a Threat</h2> 
<p style="text-align: justify">According to Rogers, despite Bitcoin’s current growth, its main feature is being defined as a trading tool, and therefore it is not in a position to be considered a threat to governments in terms of replacing existing currencies.</p> 
<p style="text-align: justify">During an interview with Kitco News on January 31, he said:</p> 
<blockquote> 
 <p>If crypto becomes a threat to their currencies, governments will probably do something, but so far it’s not a threat. It’s just a trading tool.</p> 
</blockquote> 
<p style="text-align: justify">The investor, who believes that the likelihood of governments accepting Bitcoin alongside existing currencies is low, also highlighted his concerns about the potential competition between current monetary systems and Bitcoin.</p> 
<p style="text-align: justify">At the same time, the investor, who also had a dismissive attitude towards Bitcoin, downplayed the global impact of BTC and emphasized that the adoption by El Salvador was not significant enough:</p> 
<blockquote> 
 <p>I don’t see cryptocurrencies becoming money because governments don’t want this competition. We see Bitcoin being accepted more, but I don’t think it’s a legitimate currency anywhere yet, except maybe El Salvador. But there are only six million people in El Salvador. I don’t think it will change the world.</p> 
</blockquote> 
<p style="text-align: justify">In Rogers’ comments about the future, there were statements suggesting that cryptocurrencies, especially CBDCs, would likely be rapidly adopted by many governments globally:</p> 
<blockquote> 
 <p>I hope that eventually currencies will be on the computer, much more efficient, cheaper, better for many people and governments.</p> 
</blockquote> 
<h2 id="img-loading-lazy-loading-lazy-decoding-async-class-aligncenter-size-full-wp-image-311064-src-https-coin-turk-com-wp-content-uploads-2024-02-btc-usdt-png-alt-width-1567-height-857"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-311064" src="https://coin-turk.com/wp-content/uploads/2024/02/btc-usdt.png" alt="" width="1567" height="857"></h2> 
<h2 id="trump-s-approach-to-bitcoin">Trump’s Approach to Bitcoin</h2> 
<p style="text-align: justify">On the other hand, Jim Rogers reiterated his concerns about CBDCs, due to the ease with which governments could access detailed information about individuals’ financial activities.</p> 
<p style="text-align: justify">This concern expressed by Rogers followed the statements made by former U.S. President <strong>Donald Trump</strong> regarding his stance on <strong>CBDCs</strong> if he were to win a potential presidential election. Trump pledged that he would not allow a digital currency that could violate freedoms if re-elected:</p> 
<blockquote> 
 <p>I will fully support the Second Amendment. I will never allow the creation of a central bank digital currency that could rob your money. We will protect innocent life and restore freedom of speech.</p> 
</blockquote> 
<p>Meanwhile, Bitcoin was also experiencing a price decline. At the time of writing, Bitcoin was trading at $42,750, down 0.38%, and had lost the critical $43,000 level again.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investor-jim-rogers-discusses-bitcoins-role-and-government-perception/" data-wpel-link="internal">Investor Jim Rogers Discusses Bitcoin’s Role and Government Perception</a></h5>

Investor Jim Rogers Discusses Bitcoin’s Role and Government Perception

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