[2022-03-11]The legendary investor spoke about the future of bitcoin

[cr1776]

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"Now, the co-founder of the Quantum Fund and Soros Fund Management, Jim Rogers, has warned "what is happening with the U.S. dollar now is the end of the U.S. dollar"—but cautioning governments likely won't allow bitcoin to be used as an alternative."

First, one questions his judgment given Soros is involved.  Something like bitcoin would undermine Soros' entire gameplay since it would allow individual people to protect themselves from what he and his ilk want:  control over everyone and everything.  Is he truly giving his opinion or giving their hope?

Also, George Soros is a bear. He almost broke the Bank of England, the Bank of Thailand, the yen and other currencies in the foreign exchanges. There were many larpers who cheered when Soros was speculated to be investing in bitcoin without research on his track record for shorting forex hehehe. If the community hates Elon Musk, I am quite certain they will also hate George Soros hehe.

To me he seems more of just a vulture feeding on whatever he can gorge upon vs a bear.  You are right though, he does often take a negative view of things.  Particularly things that he (and his minions) can't control.  They don't like things that give regular people the freedom to resist statism.

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[bbc.reporter]

@cr1776. It might not be a negative view of things. It is only his view on markets. If prices are low, invest and buy. If it does not go up, manipulate it and pump it. If the prices are, short it. If the price does not go down, also manipulate it and dump it hehehe. I reckon we should know what is his view on the cryptospace market, is it high or is it low? I wish it is low hehehehe.

[amishmanish]

Dollar is too strong to go away. Yes its value will depreciate. Many countries are sick of the dependency of dollar. It has been and is being used as a weapon and countries like china and Russia are keen to create a alternative currency to overcome their dependence on US dollar. I guess in future we wont see military wars but economic warfare and bitcoin will be the safehouse to keep ourselves safe

[ABCchain]

I didn't read the article, I'm not an economist, much less a market analyst, but even I know that the US dollar will always exist, so I respect the opinion of this guy who wrote this, but I disagree with him, the US dollar will always exist , bitcoin did not come to replace fiat, governments will not leave their fiat that contains the history and sovereignty of their country to use only bitcoin, this will not happen, bitcoin will be used together with fiat even if it is 50 or 100 years from now. so

bBitcoin or other cryptocurrencies will coexist with the legal currencies of various countries for a long time.

[mindrust]

Another doom and gloom article. The dollar is dying buy gold! Or bitcoin! Or whatever… We all know this story. The story of the dollar too will end one day but we don’t know when. The real problem is, there isn’t anything to replace the dollar and no… neither gold, nor bitcoin can do this.

[cr1776]

The dollar cannot live forever. One day it will end. But I don't think bitcoin will take its place. I think that bitcoin will have its development as a cryptocurrency, but separate from the dollar.

Indeed.  The US would simply replace their current "bucks" with a new form of buck.  And knowing the West's penchant for implacable corporate greed, I'd imagine they'd end up being Starbucks or something equally ridiculous.  I mean, they pop up everywhere else, so they might as well be on the damn money as well. 

I don't think the US would replace the dollar - I suspect much of that was tongue in cheek anyway, butll that is needed is to inflate the value away.  Yes, that would be painful for the US, but also the world given the reserve status.  A few years of the current 16-17% (using the old inflation metric from the 1980s) and the United States' national debt will be much more manageable.  Shoot, even 4 years and the national debt has lost half its value.