After many years of very fast growth, the value of cryptocurrencies is now falling significantly. Half of Bitcoin's value has been lost so far this year. Jim Rogers, a great investor, says that the government is the only risk of buying crypto assets. Even though it may seem like many currencies are for sale, the government is taking the risk.
In a recent interview with Bloomberg Crypto, he said, "When all of our money is in our computers, it will be government money." "Bureaucrats don't solve problems that way. Politicians don't think at all like that. They want to be in charge. They want laws and rules about everything.
In a June interview with ET Now, Rogers talked about the market for financial assets. He said, "There is no such thing as safe." Still, the multimillionaire suggests that you put your money into two assets that will help you weather the coming storm of uncertainty and protect you from the damage caused by inflation that is out of control.
Silver Rogers has always liked precious metals, and he thinks that investors should put their money into them first when times are uncertain. He said to ET Gold is probably safer than other precious metals at this point.
Gold and silver aren't made out of thin air like fiat currency, so investing in them may help people keep their money when inflation is high. But their prices stay the same even when the economy is bad.
Silver is a key part of many cars' electronic control units and is also one of the most common materials used to make solar panels. Silver is a good investment because more and more industries are using it, and it can be used as a hedge.
You can probably buy silver coins and bars at the bullion store near you. You could also buy silver-focused exchange-traded funds, like the iShares Silver Trust (SLV). Bitcoin Future is one of the bots used by millions of investors.
Agriculture
Even if you don't have a master's degree in business, you can still see why agriculture is attractive in a bad market. No matter how bad the next crash is, no one will ever cut "food" from their budget. Rogers thinks the agricultural business could be a safe place during the next economic crisis.
Another way to invest in farm goods is through exchange-traded funds (ETFs). In 2022, the Teucrium Wheat Fund (WEAT) and the Teucrium Corn Fund (CORN) had grown by 13% and 19%, respectively.
There are many reasons why cryptocurrencies need to be regulated, such as:
Stop trying to control the market and look for investors' best interests. There is a lot of market manipulation in the cryptocurrency market, and prices are always going up and down. Think about Bitcoin as an example. It is the first and best-known digital currency in the world. Since the beginning of 2021, the price of Bitcoin has gone up to all-time highs, but it has since gone down and lost a lot of value. There isn't enough official information about these digital assets and the technical details that go with them, so rules are needed to protect investors.
Accept certain cryptocurrencies Worldwide; people use thousands of different types of cryptocurrencies. Most investors only know about a few of these cryptocurrencies, such as Bitcoin, Ether, Ripple, Dogecoin, and others. They don't know much about thousands of other virtual assets. Because of this, a governing body must approve cryptocurrencies so clients can be safe. This authority must be able to tell everyone everything they need to know about how digital assets work and what risks and opportunities they pose.
Being aware of the dangers of technological progress: It's hard to keep up with technology because it changes so quickly. This is a big problem because the above changes could soon make the technology like blockchain useless. We need information infrastructure and expert financial advisors who understand cryptocurrencies because technology changes quickly. Investors will know about the technical risks that come with cryptocurrencies and be able to make decisions based on this knowledge.
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