Money will become more and more digitized, according to Jim Rogers, investor, best-selling author, and co-founder of the Quantum Fund, but the question is whether or not non-government issued digital currencies will prevail.
“If cryptocurrencies become successful, most governments will outlaw it, because they don’t want to lose their monopoly, every government in the world is working on computer money now, including the U.S. The Chinese are there already. I can’t imagine that the governments are going to say ok, this is our crypto money, or you can use their crypto money, that’s not the way governments work, historically,” Rogers told Michelle Makori, editor-in-chief of Kitco News. Video by Kitco News.
0:00 - Debt levels unsustainable
6:31 - Dollar as global reserve currency
9:15 - Bitcoin
13:20 - Inflation
17:40 - Agriculture
21:25 - The beginning of the end of the U.S.?
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