Bitcoin is a bubble and will blow up someday, says Jim Rogers
Jim Rogers has issued a stark warning about Bitcoin, calling it a bubble that will eventually collapse. In an interview with ET Now, Rogers expressed skepticism about the cryptocurrency's long-term viability.
«It is going to hurt a lot of people. I hope I am not one of them. I hope you are not one of them. I do not see any reality to the movement. In my view, it is a bubble, and it will blow up someday,» Rogers said, cautioning investors about the risks involved.
When asked about other potential bubbles in global financial markets, Rogers pointed to Bitcoin as the most prominent one at the moment.
«That is the main one I see right now. I do not see any other markets that are exploding and going through the roof irrationally. That is the only bubble I see right now,» he remarked.
Bitcoin’s Recent Decline
Since reaching an all-time high of $109,114 on January 20, 2025, Bitcoin has fallen nearly 19% and is currently trading at $87,850. The cryptocurrency saw a sharp 8% drop today, driven by concerns over potential U.S. investment restrictions on China.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for
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