Jim Rogers, the co-founder of Soros Fund Management, a hedge fund that manages approximately $5.65 billion, has painted a bleak picture for the US, which has reached and continues to increase its debt to massive levels. Rogers’ positive scenario for Bitcoin and altcoins could be indicated by this. “US Will Do What It Knows Best” Legendary investor Jim Rogers stated in his recent interview with Sputnik International that the US has transformed from a creditor nation to the world’s largest debtor nation in half a century. According to Rogers, the country’s debt problem, which has reached $32.47 trillion and is rapidly increasing, will eventually reveal its ugly face in the form of persistent high inflation and higher interest rates: In the 1970s and 1980s, the last time we faced a problem like this, interest rates on government bonds and securities rose to 21% because inflation was very bad. Now inflation […]
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