Legendary investor Jim Rogers says Bitcoin ‘is not a threat’ to governments
Veteran investor and financial commentator Jim Rogers has shared his perspective on the role of cryptocurrencies, specifically Bitcoin (BTC), in relation to serving as a government-backed currency. According to Rodgers, despite Bitcoin’s growth in its current state, the primary role of the flagship cryptocurrency is that of a trading vehicle and does not pose a threat to governments in terms of replacing existing currencies, he said during an interview with Kitco News published on January 31. “If crypto becomes a threat to governments to their money, they will probably do something, but so far, it’s not a threat . It’s just a trading vehicle,” he said. He emphasized that governments are unlikely to recognize Bitcoin as a currency, citing concerns about its competition with existing monetary systems. Cryptocurrency This is XRP's level to watch for bulls to take control Cryptocurrency 3 cryptocurrencies ...