US investor and co-founder of Soros Fund Management Jim Rogers has said that he regrets not buying Bitcoin more than a decade ago, when its value in US dollars ranged from $1 to $5. Interestingly, in 2020, he argued investing in cryptocurrencies is essentially gambling, and predicted the price of BTC will eventually fall to zero.
Jim Rogers predicted in an interview with the Economic Times that the financial system will face serious problems in the next ten years. For this reason, he decided to buy gold and silver as soon as he saw that they were trading at reasonable prices.
The investor also discussed Bitcoin, which many experts believe can serve as a hedge against inflation and a suitable investment vehicle similar to precious metals. Rogers has admitted he does not own BTC and has regretted that he did not stock a small amount of the cryptocurrency at a time when the asset was worth $1.
Rogers also believes that cryptocurrency could play a vital role in the monetary network of the future and criticized central bank digital currencies.