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Jim Rogers is a legend in the world of investing. He was the co-founder of the Quantum Fund and Soros Fund Management. From 1973 to 1980, the portfolio gained 4,200% while the S&P advanced by about 47%.[10] The Quantum Fund was one of the first truly global funds. In 1980, Rogers decided to "retire" and […]
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[Interview Blockchain Today_Reporter Han Ji-hye]
Rogers Holdings Chairman Jim Rogers is considered one of the world’s top three investors along with Warren Buffett and George Soros. He recently mentioned in an interview with a media that “I regret not buying Bitcoin a few years ago.” In addition, a congratulatory video was sent at a press conference to announce the signing of a real-time cryptocurrency payment CARD system contract between Bluecon and UnionPay held on February 23rd.
With interest in blockchain and cryptocurrency hotter than ever, Blockchain Today organized a Zoom interview with Jim Rogers to hear more details. The interview was conducted by Joo-pil Jeong, CEO of Blockchain Today, Hyung-ju Kim, Chairman of the Korea Blockchain Industry Promotion Association, Hyung-Jung Jang of Billybit, Professor Hyung-Jung Kim of Korea University, and Joshua Kim, CEO of Ludena Protocol.
Jim Rogers
He founded the Quantum Fund in 1968 with George Soros, who worked with Arnhold and S. Bleichroder, a Wall Street brokerage firm, and two years later, the amendment of the U.S. Financial Securities Act in 1970 prevented brokerage firms from operating their own funds. After that, he declared independence with George Soros and started operating the quantum fund independently. After the independence of the Quantum Fund, there were a lot of difficulties in the early days, and in particular, the stock market crashed in 1974 and suffered a crisis, with a lot of losses. There are times that I was worried enough to say”.
However, after that, the Quantum Fund revived like a phoenix, and in the next 10 years, from 1970 to 1980, the S&P 500 index rose only 47%, with a phenomenal return of 4,200%.
He traveled after retirement in 1980 at the young age of thirty-seven, and served as a visiting professor at Columbia University School of Business. Then in 1998 he founded the RICI (Rogers International Atomic Materials Index). The commodity index released by this company is listed as ETN under the brand ELEMENTS. Currently, Jim Rogers is the father of two daughters and lives in Singapore after retirement.
◇ Jim Rogers’ love for Korea
He is known for having a deep attachment to Korea compared to other countries. In response, Rogers replied, “Korea is a very interesting country.” He said of Korea, “The food is delicious, everything is interesting, including the countryside and people. Also, the future of Korea is the most attention.”
This is not the first time he has expressed interest in Korea. In fact, he previously attended the’ASEAN-Korea CEO Summit’ in 2019 and was optimistic about the future of Korea on the premise of unification of the Korean Peninsula. At the time, he said, “Korea will be the most exciting country in the future in Asia where dramatic changes are taking place. Japan is currently in decline after peaking, but the Korean Peninsula will lead economic revival by combining North Korean resources and labor, and South Korean capital and manufacturing industries. “I looked out.
President Rogers told Blockchain Today, “I would definitely like to visit Korea and have a conversation. I love Korea very much.”
◇I regret not buying Bitcoin
Rogers recently mentioned that he regrets not buying Bitcoin. Does this mean that he, who was known as an opponent of Bitcoin, now sees Bitcoin as a safe investment asset?. In response to this question, he stressed, “I don’t mean that my thinking has changed.” When asked for detailed comments on the remarks, he said that the remarks were correct.
“I regret many things I didn’t buy,” he said. “Not buying Samsung in the ’90s, not buying IBM in the ’40s, not buying Amazon in ’95, not buying when silver was $8, etc. “I regret a lot of things I didn’t buy.” Likewise, Bitcoin was a statement to the effect of regret not buying it before it went up.
Accordingly, Rogers’ remarks of’regret not buying bitcoin’ and the meaning of seeing bitcoin as a safe investment do not mean the same. “It would be nice if I bought it,” he said, “but I’m sure I won’t buy bitcoin now (the price has risen).”
However, he added that it does not mean that you cannot see profits through cryptocurrency. He added, “I know a trader who made a lot of money with bitcoin. So far, bitcoin seems to be a good trading tool. So if you can do it well, it’s okay to trade.”
◇The right way to invest
“You shouldn’t invest in anything until you know it very well,” said Rogers several times. You have to always understand everything and know where to invest. He says that when he makes investment recommendations to people, people often live blindly without knowing what it is. “This kind of recommendation is not good for anyone. You should invest only in areas you know well. Don’t listen to investment information. You shouldn’t listen to me.”
He also said that in the event of any change, he could invest in Bitcoin himself. “Currently, I don’t plan to invest in Bitcoin or any cryptocurrency, but it’s not’never’. I can invest when something changes. I can’t say that I have no investment plans.”
◇ Blockchain and cryptocurrency prospects
The future of the blockchain market is expected to be bright. “The future of blockchain is bright. Blockchain has become one of the most important technologies in the 21st century and will change everything we know. In the future, many people will lose their jobs, and this electricity will also lose many people’s jobs,” he said. So blockchain is a very interesting part for all of us.”
“I don’t think I’m one of the best investors in the world,” said Rogers. “It’s been successful in the past, but no one knows the future,” said Rogers. “Every money will be encrypted money, but not mine or your encrypted money. It will be the government’s encrypted money.” “China already has encrypted money. Other encrypted money cannot be used,” he added.
Recently, China has launched digital currency (CBDC) issued by the central bank for the first time among major countries and is carrying out various pilot projects. It also banned bitcoin mining in China.
In this regard, Rogers cited digital transactions such as China’s QR code as a leading example. “In China, you can’t use cash to get in a taxi. You can’t use cash to buy ice cream, and you have to use’computer money’. This will be the case in the world in the future. All countries, including the United States and China, also use computer money,” he said. Have”
Rogers said, “You can’t do anything with cryptocurrency in the US. Most people don’t think of cryptocurrency as money, and even if you buy a watch as a cryptocurrency in a store, it’s highly likely not to accept it. Cryptocurrency as a trading tool Seems successful, but as many cryptocurrencies disappeared as ‘0’, you need to know and invest very carefully.”
◇To Blockchain Today Readers
Blockchain will be one of the most important technologies of the 21st century. And it will change everything we know. It will also make many people rich. I don’t yet know which company is the best blockchain company.
We plan to explore blockchain investment in the future, but we do not have any cryptocurrencies right now. If you are aware of a blockchain that seems to be successful, please email me. I will do my own research.
Blockchain is expected to be a very important factor for all of us, but be careful with investments when you don’t know what it is. And don’t listen to anyone. I won’t hear anyone’s opinion on my investment. I’m not going to listen to Fed Jerome Powell’s criticism of Bitcoin. Any country, including Korea, the United States, and Germany. All investment decisions are made by yourself.
I currently love Korea very much and would like to visit. I want to visit not only South Korea but also North Korea. I hope to see you in Korea someday.
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Jim Cramer, the host of CNBC’s Mad Money, said he is still “playing with the house’s money” after selling off some of his crypto before the recent price crash.
In an interview with TheStreet, Jim Cramer said he still believed in Bitcoin (BTC) despite a $10,000 price correction over the past three days. However, he added he was unlikely to buy more unless the price goes under $20,000.
“My goal was to get my cash out so I don’t have to think about it,” said Cramer. “If it goes back under $20,000, I’m a buyer again. But I got my cost out, and I’m playing with the house’s money. This is no different than an entirely erratic stock.”
The CNBC host reported he had “sold enough Bitcoin” last week to cover his initial stake in the crypto asset. Cramer reportedly purchased his first Bitcoin in mid-December when the price was in the $17,000s, at the time calling it a “decent level.”
The price of Bitcoin has fallen more than 23% since reaching an all-time of more than $42,000 on Friday. It is currently trading at $32,192.
Image Credit: Refer to Source
Author: Refer to Source Cointelegraph By Turner Wright
Bitcoin has seen strong adoption on Wall Street over recent weeks and months. It began earlier this year with Paul Tudor Jones, a billionaire investor, announcing that he thinks the cryptocurrency will be the fastest horse in the race in the current macro environment.
This has been followed by other prominent names such as Stanley Druckenmiller and Anthony Scaramucci, both of which have announced that they think the cryptocurrency is extremely viable as the U.S. dollar drops.
Jim Cramer is the latest Wall Street household name to have thrown his weight behind Bitcoin. The CNBC anchor and former hedge fund manager recently told the outlet he founded, The Street, that he is buying more Bitcoin.
Jim Cramer recently announced to Twitter and his own news outlet that he is buying or has recently bought more Bitcoin.
He thinks that the cryptocurrency makes sense as a diversifier, noting that the cryptocurrency isn’t a “big position for me” but is still part of his balance of assets. Cramer added that he owns gold as well, presumably referencing how both assets are both seen as hedges.
Cramer added that he bought at current prices due to historical precedent, referencing how Bitcoin moves largely unpredictable but higher over longer periods of time.
i think i will buy some https://t.co/RjcBFQLCcg
— Jim Cramer (@jimcramer) December 11, 2020
As aforementioned, Cramer is the latest Wall Street bull to have doubled down on Bitcoin.
Paul Tudor Jones, the billionaire investor that bought BTC earlier this year, dictated his opinion on the leading crypto asset in a May research note. He said that he thinks Bitcoin’s halvings gives it unprecedented power as a store of value:
“One thing that piqued my interest from this list of assets, and that one day might be brought to prominence by the GMI, is Bitcoin. Truth in advertising, I am not a hard-money nor a crypto nut. I am not a millennial investing in cryptocurrency, which is very popular in that generation, but a baby boomer who wants to capture the opportunity set while protecting my capital in ever-changing environments. One way to do that is to make sure I am invested in the instruments that respond first to the massive increases in global money. And given that Bitcoin has positive returns over the most recent time frames, a deeper dive into it was warranted.”
What makes the recent comments from Wall Street bulls interesting is that there is a growing contingent of investors that think BTC is better than gold.
Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com CNBC's Jim Cramer Doubles Down on Bitcoin Despite Criticism
Image Credit: Refer to Source
Author: Refer to Source Nick Chong
Three months after seemingly changing course on crypto, the outspoken host of CNBC’s Mad Money is claiming he made a well-timed Bitcoin investment on Friday.
In an interview with TheStreet, Jim Cramer says he purchased Bitcoin (BTC) Friday morning when the price dipped under $18,000. The Mad Money host added he was treating the crypto asset as any other investment in a diverse portfolio.
“I will buy — like I usually do — as something comes down,” said Cramer. “I’ll get bigger and bigger and bigger. I just think that you want to diversify into all sorts of asset classes. I have gold. I’m going to diversify into some Bitcoin — not a big position for me — but it’s certainly important to be diversified, and Bitcoin is an asset and I want to have a balance of assets.”
i think i will buy some https://t.co/RjcBFQLCcg
— Jim Cramer (@jimcramer) December 11, 2020
Cramer said he believed the price of Bitcoin might “come down again” given its volatile history. However, he personally saw the $17,000s — the price when he claimed to purchase more BTC — as a “decent level”:
“[Bitcoin] is off nicely from the top. I like to buy something that’s off nicely from the top.”
The CNBC host was once an outspoken Bitcoin critic prior to the 2017 boom, saying that the crypto asset was going to “run out of steam. However, since being a guest on Bitcoin bull Anthony “Pomp” Pompliano’s podcast in September, Cramer has said he might invest 1% of his portfolio in Bitcoin.
The price of Bitcoin is $19,192 at the time of publication, having risen 2.6% in the last 24 hours.
Image Credit: Refer to Source
Author: Refer to Source Cointelegraph By Turner Wright
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