Jim rogers about bitcoin

Jim Rogers: Bitcoin In Bubble Territory?

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I recently kicked off a 16 event tour of China with iconic investor Jim Rogers. Our message is simple and our team will post some footage from the events once the tour is over. Jim Rogers believes that we are in an economic environment that has no historical reference point, a big crash lays ahead and China will be the superpower of the 21st Century. Here is a quick video that summarises his thoughts: We will save Jim Rogers new found enthusiasm for digital currencies for when we release the footage.

As there is so much new money jumping into this sector, BnkToTheFuture created a simple video on why Bitcoin matters for beginners that may be drowned in all the noise on alternatives to Bitcoin: Then come the questions and answers part of the presentation. Here are the 10 most common questions and 10 short and simple answers from me. These questions were the most common questions that came up after giving our presentations. Obviously these answers can be debated and expanded upon in great length, but I wanted to give 10 simple answers that may take you more time to unpackage, as each one of them is a talk on its own.

But here are the short and simple answers for you: People keep asking me what Altcoin or ICO to buy. People keep asking me which digital currency will win. Everything else can be forced to change right now. Right now demand keeps going up and supply keeps increasing at a slower rate. People keep asking me how to get started responsibly.

People keep asking me if digital currency will take over fiat currency. People keep asking me if Ethereum is taking over. Not sure if that will change.

People keep asking me how to analyse a good coin. Eventually utility value has to be larger than speculative value and non-speculative demand for the coin has to be greater than the supply over the long term.

In the short term as long as speculative value is greater it can go up based on nothing and can fall even faster. People keep asking me if everything needs a Blockchain. Only one of those I know today Bitcoin. Every other Blockchain comes with unacceptable long term risks, but may have good short term features.

People keep asking me if central banks will use a Blockchain. I believe they will settle on a stable centralised digital fiat currency, NOT a Blockchain. People keep asking me if Bitcoin will scale to meet the huge demand. Good question — that underpins the future of the entire sector and whether Blockchain works or not because no other Blockchain has all the properties needed to qualify as a Blockchain yet.

We have just reached consensus, but the journey to scale Bitcoin continues. It has some of the smartest people in the world behind it and We will continue investing in the sector until it becomes clear it cannot scale. I believe too many people need it to let that happen and too many people care. Your email address will not be published. Leave a Reply Cancel reply Say somenthing

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