Bitcoin Is Headed To Zero

Virtual currencies beyond the influence of the government will not be allowed to survive—and said the bitcoin price is headed to zero. If the cryptocurrency succeeds as real money, rather than the subject of gambling as it is today, the government will make the cryptocurrency illegal and eliminate it. 

The government likes electronic money. Because with electronic money, you can track when, where, who spent what amount. Governments will have more control over people through electronic money. The government wants to know everything. Controllable electronic money will survive, and virtual currencies beyond the influence of the government will be erased.

The Markets Will Continue Fairly Strong

I would suspect the markets will continue to be fairly strong but the US stock market just made its all-time high because there's so much money being printed and there's so much money being spent and it's gotta go somewhere. But it is going to end, I assure you.

Video Interview: Virus, Debt, Markets

Jim Rogers comments on the current market situation

• Coronavirus
• Debt situation
• Financial markets

Money Printing & Deficit Spending: It Will End Badly

There's an election in November in the United States. None of those guys care about you and me or other people or young people like my kids. They care about the election. They want to print and spend and borrow as much money as they can to win the election. 

We're all gonna pay a very difficult price afterwards. The amount of debt that has been added... America was already the largest debtor nation in the history of the world and in the last month they have added staggering amounts of debt and they continue to add more and they're printing more money.

Nowhere in the history of the world has that kind of action done good things. Maybe in the short term it does good things but nowhere in history has it done good things in the long term.

Will Markets Ever Be The Same Again?

“We could have asked the same question (will financial markets ever be the same?) after the Spanish flu, the collapse of 1929, …after the huge collapse of 2008 and 2009.

And you know what? Yes, they are always the same. Human being always get greedy. They always get scared and panic. They have not repealed the laws of fear and greed…

You can go back to an tragedy and any triumph you want to and people said the same thing: Will things be the same later? And they always were… People are always talking about the lessons of history. The main lesson of history is people don’t learn the lessons of history…”