Investor Jim Rogers is convinced that the value of all cryptocurrencies will drop to zero in the future

American investor Jim Rogers, who co-founded Quantum Fund with George Soros, shared his own prediction about the future of cryptocurrencies. Rogers is convinced that in some time, most digital assets will completely depreciate and disappear.

The investor believes that only cryptocurrencies issued by governments can be viable. Rogers emphasized that the authorities of many countries will not allow cryptocurrencies to exist for a long time without any supervision from regulatory authorities. This, in turn, will inevitably lead to attempts by states to gain control over the issuance and circulation of digital assets.

Interestingly, in May, the position of the Quantum Fund co-founder was somewhat different — Rogers expressed skepticism about central bank digital currencies and saw the future of the global financial system in cryptocurrencies.

«I don’t like to say it, but the United States is the largest debtor country in world history. After the start of the military operation of Russian troops in Ukraine, the US simply blocked Russia’s assets. People are worried about this, so they are looking for something that could replace the US dollar or compete with it ,» Jim Rogers said in late May.

In order to regulate the use of cryptocurrencies, European Union countries have developed new rules that are designed to reduce the use of cash and cryptocurrencies for criminal purposes. According to the new EU directive, starting November 6, no more than EUR 10,000 can be used for a single cash payment in EU countries. Czech Finance Minister Zbynek Stanjur assured that this will make it much more difficult for users to remain anonymous when buying or selling digital assets.