Veteran investor Jim Rogers has recently expressed a dire prediction regarding the global economy, warning of a rapidly approaching, massive crisis. Rogers foresees this looming economic catastrophe as triggering the most substantial bear market in his 80-year life, a stark warning indeed. The seasoned investor’s cautionary forecast has relevance to Bitcoin (BTC) and alternative cryptocurrencies (altcoins) too. He Expects a Worse Situation Than the 2008 Crisis During a recent interview with Real Vision Finance, Jim Rogers drew parallels between current economic conditions and those that presaged the devastating Global Economic Crisis of 2008. However, he pointedly stated that the present situation was considerably worse. A close associate of productive investor George Soros and one of the founders of Soros Fund Management, Rogers anticipates that the accumulated debt within the system will inevitably lead to a significant bear market in risky assets: “I know we are going to experience the worst […]
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