Jim Rogers says Bitcoin is a bubble and will explode one day.

Veteran Jim Rogers He made a blatant warning about him BitcoinHe described it as a bubble that will collapse in the end. In an interview with ET now, Rogers expressed doubts about the long -term feasibility of the encrypted currency.

“Many people will hurt. I hope I will not be one of them. I hope you are not one of them. I do not see any truth of the movement. In my opinion, it is a bubble, and it is Rogers,” it will explode one day, “and he warns of investors of the risks that involve it .

When asked about other potential bubbles in the global financial markets, Rogers referred to Bitcoin as the most prominent at the present time.

“This is the main basis that I see now. I don’t see any other markets that explode and pass through the ceiling irrationally. This is the only bubble that I see now,” he said.

Low bitcoin decrease

Since it reached its highest level at $ 109,114 on January 20, 2025, Bitcoin has decreased nearly 19 % and is currently being traded at $ 87,850. The cryptocurrency has seen a 8 % sharp decrease today, driven by concerns about investment restrictions in the possible United States on China.

The weakest feelings of investors after US President Donald Trump again confirmed that the customs tariff for Canada and Mexico are still “on time and on the specified date.” The decision to manage it to restrict Chinese investments in the main sectors, as well as the weak American economic data, pressed the market.

“Trump’s threats to tariffs against Mexico and Canada caused a panic, erasing $ 253 billion from Encryption “The Market” said Avinash Shekhar, co -founder and CEO of Pi42.

The broader encryption market also faced significant losses, as it was the main altcoins after the Bitcoin declined. Xrp and Solana 15 % decreased, while Dokwin 13.5 % decreased, BNB 6.6 % lost. Other cryptocurrencies, including Cardano, ChaINLINK, SUI, Avalanche, Stellar, Litecoin, Shiba Inu and Hedra, have seen losses between 7 % and 18 %, reflecting the total landmarks in the market.

Also read: Bitcoin decrease: an opportunity for retail investors to purchase a decrease? This is what the experts say

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