![\"Renowned](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/03\/jim-rogers-usd.jpg\")
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Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says that \u201cwhat is happening with the U.S. dollar now is the end of the U.S. dollar.\u201d He explained that \u201can international currency is supposed to be neutral but in Washington, they are now changing the rules,\u201d emphasizing, \u201cWashington does not play fair anymore.\u201d Renowned investor Jim Rogers discussed the end of the U.S. dollar and the future outlook for cryptocurrency in an interview published by the Economic Times Sunday. Rogers is George Soros\u2019 former business partner who co-founded the Quantum Fund and Soros Fund Management.<\/p>\n He was asked about the outlook for the U.S. dollar and where he sees the dollar index headed. \u201cI own U.S. dollars partly because when turmoil comes, people look for a safe haven. They think the U.S. dollar is a safe haven for historic reasons,\u201d Rogers began.<\/p>\n However, the veteran investor added:<\/p>\n But what is happening with the U.S. dollar now is the end of the U.S. dollar because an international currency is supposed to be neutral but in Washington, they are now changing the rules.<\/p>\n<\/blockquote>\n \u201cNow if Washington does not like you, they put sanctions on you and you cannot use U.S. dollars,\u201d he stressed.<\/p>\n \u201cSo, many countries are starting to look for a competitor \u2014 China or Russia or India, Iran, Brazil \u2026 some countries are starting to look for a competing currency, and they should because Washington does not play fair anymore,\u201d he continued.<\/p>\n Since Russia began its invasion of Ukraine, the United States as well as a growing number of other countries have been placing sanctions on Russia.<\/p>\n Russia has about 16% of its reserves in U.S. dollars and 32% in euros. As billionaire investor Bill Miller recently described<\/a>: \u201cThey have almost 50% of their reserves in currencies that are controlled by people who want to do them harm.\u201d Miller agrees with Rogers that other countries are starting to look for alternative currencies to the U.S. dollar.<\/p>\n Rogers added:<\/p>\n Of course, the U.S. is the largest debtor nation in the world. So, for fundamental reasons and political reasons, people are looking for competing currency.<\/p>\n<\/blockquote>\n \u201cI do not know what it will be yet. I hope I am smart enough to buy it when you find it. I do not like saying it. I am an American but I do not like to see what they are doing to the American dollar,\u201d he opined.<\/p>\n Rogers was also asked, \u201cCan cryptos ever be an alternative to the U.S. dollar index?\u201d He replied: \u201cWell it could be. Many people have made a lot of money trading crypto.\u201d<\/p>\n He explained that crypto bulls say that cryptocurrency will be the new money. \u201cI know that every country in the world is working on computer money now, including the U.S.,\u201d he pointed out. However, he said that the U.S. will not say it is new money.<\/p>\n Regarding cryptocurrency, he noted that \u201cGovernments like control\u201d and \u201cGovernments like monopoly.\u201d The veteran investor elaborated:<\/p>\n I do not like it but that is the way governments are, and I just suspect that they will either tax it or regulate it or outlaw it or something because they do not want to lose control.<\/p>\n<\/blockquote>\n Rogers has warned that governments could ban cryptocurrencies<\/a> on several occasions. He said it is the reason he did not invest<\/a> in bitcoin. However, in May last year, he said he regretted<\/a> not investing in BTC<\/a>.<\/p>\n
<\/strong><\/p>\nJim Rogers on the End of the U.S. Dollar<\/h2>\n
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Jim Rogers Still Concerned Governments May Outlaw Bitcoin and Other Cryptocurrencies<\/h2>\n
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