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Legendary US investor predicts grim future for crypto

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Legendary US investor predicts grim future for crypto

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While crypto enthusiasts are making optimistic forecasts about the future of cryptocurrencies, more skeptical analysts believe that the industry will likely collapse soon. Famous investor Jim Rogers said that cryptocurrencies "will eventually disappear completely." American financial commentator and investment guru Jim Rogers predicted a gloomy future for the cryptocurrency industry and revealed that his stance on crypto was still negative. "Cryptocurrencies will be in decline eventually and everything will go to zero," he stressed. According to Rogers, government-backed digital currencies will be the only ones to remain. In addition, authorities will seek to regulate crypto circulation. "None of them are viable other than maybe as trading vehicles," the investor added. Jim Rogers also noted that the world economy should brace for the worst global recession in his lifetime. According to him, the coming difficulties are alarming as the next few years are going to be "very, very bad."

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