Tuesday, January 2, 2018

Jim Rogers Smells a Bitcoin Bubble


Jim Rogers, the famous investor guru and founder of the Rogers International Commodity Index (RICI) has expressed his opinion that Bitcoin “looks and smells” like a bubble. His investment advice includes bullish outlooks on any number of investment fields but is bearish on Swiss Francs and Bitcoin.

Rogers, now 75, does say that he’s missed Bitcoin. In fact, he isn’t actually aware of what Bitcoin is, saying “Whatever it is, I missed it.” Nevertheless, via a technically sound ‘smell test’ Rogers has suggested that Bitcoin is a bubble. In fact, the investment guru said:

“It looks and smells like all the bubbles I have seen throughout history.”

- Source, Coin Telegraph