While renowned investor Jim Rogers is a firm believer in the blockchain technology and is sure that China leads the way in digitizing money, he believes that governments will stick to their own currencies, rather than crypto ones, he says on his weblog.
Jim Rogers:
Paper money is going to disappear and it’s going to be on the internet but this is going to be government money; it’s not going to be anybody else’s money. Money is already disappearing in China and in many countries. China’s far ahead of the United States for instance.
While I’m extremely optimistic about blockchain and I’m extremely optimistic about the changes of money to the internet which I know is happening it’s not going to be cryptocurrencies because the governments are not going to let it happen.
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