Commodity King Rogers: The worst bear market is coming, and I have never bought Bitcoin

In the turmoil of contemporary financial markets, investors face many choices and risks. In recent years, Bitcoin, as an emerging digital currency, has attracted the attention of many investors. However, famous investor Rogers made it clear that he has never bought Bitcoin and warned of an impending bear market. This view has sparked widespread discussion and thinking, especially in the context of increasing economic uncertainty. This article will explore Rogers' views from multiple perspectives, analyze the possibility of a bear market and the future of Bitcoin.

First of all, Rogers' investment philosophy has always emphasized a keen grasp of market trends. He believes that market fluctuations are inevitable, however, investors must have sufficient insight to identify potential risks. The emergence of a bear market is often due to the deterioration of economic fundamentals, including rising unemployment, declining corporate profits, and lack of consumer confidence. In this case, many investors may face huge losses. Therefore, Rogers chose not to invest in Bitcoin based on a deep understanding of the current economic situation.

Since its launch in 2009, Bitcoin has experienced several dramatic price fluctuations. Although it has hit record highs in the past few years, its recent market performance is worrying. Many analysts point out that Bitcoin's price volatility is extremely high and lacks stable fundamental support, making it a high-risk investment option. Rogers expressed concern about this, believing that Bitcoin does not have the stability of traditional currencies and cannot serve as an effective value storage tool.

In the context of the upcoming bear market, we need to pay attention to multiple factors in the global economy. After the epidemic, the economic recovery in many countries was weak, inflation soared, and supply chain problems frequently occurred, resulting in rising corporate costs and declining profitability. These factors will undoubtedly affect investor confidence and cause market turmoil. At the same time, the central bank's policy of raising interest rates will also increase the cost of funds, further exacerbating market uncertainty.

For Bitcoin, the arrival of a bear market may mean that its price will face greater downward pressure. In past bear markets, Bitcoin prices tended to fall sharply, and many investors suffered heavy losses in the process. Therefore, Rogers' warning is not aimless, but is based on a deep understanding of market laws. He hopes that investors can remain calm, not be confused by short-term market fluctuations, and analyze the market situation rationally.

In terms of personal investment, Rogers' views are also worth learning from. He stressed the importance of diversified investment and advised investors not to invest all their funds in a single asset. Especially when a bear market is approaching, investors should consider diversifying their funds into different asset classes to reduce risks. In addition, Rogers also advised investors to focus on assets with long-term value, such as high-quality stocks and real estate. These assets tend to perform well when the economy recovers and bring considerable returns to investors.

At the same time, Rogers also pointed out that although there may be investment opportunities in Bitcoin in the short term, investors should be cautious. He believes that the digital currency market is full of bubbles, and many investors may ignore potential risks in the process of pursuing short-term interests. Therefore, when considering Bitcoin, investors should fully assess their own risk tolerance and make prudent decisions.

Judging from historical data, the arrival of a bear market is often accompanied by extremely pessimistic market sentiment. In this case, many investors may choose to flee the market, resulting in insufficient liquidity, which in turn exacerbates the downward pressure on the market. Therefore, Rogers' warning is not only a reflection on Bitcoin, but also a warning to the entire financial market. He hopes that investors can prepare in advance before the bear market arrives to deal with possible risks.

Finally, Rogers's point of view reminds us that rationality and patience are crucial in the investment process. The market is always full of variables, and investors need to keep a clear head and avoid making wrong decisions due to emotional fluctuations. Especially in the context of the current complex and changing economic situation, investors should always pay attention to market dynamics, adjust investment strategies in a timely manner, and ensure that their investment portfolios can withstand risks in a bear market.

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Jim Rogers, co-founder of Quantum Fund and a legendary American investor known as the commodity king
Rogers warned in an exclusive interview with foreign media Kitco News on the 21st that the coming bear market will be the worst he has ever experienced in his life. The market is already in a bear market to some extent, but the worst moment has not yet come.
Rogers warned: More bear markets are coming, and the next one will be the worst in my lifetime. Many stocks will fall 70%, 80%, 90%. There is no doubt that this is sooner or later, I just don't know when it will happen.
Rogers believes that this bear market is just like that in 2008, and the problem is also too much debt. Since 2009, the US debt level has increased several times, and Japan's debt level is countless. He pointed out that in many countries in the world, the debt levels will only get higher and higher... In 2008, it was because of too much debt, and now it is even worse.
Rogers mentioned that the U.S. stock market has not encountered major problems for 13 years, which is the longest period in U.S. history. From a historical perspective, this bear market is a belated one.
Rogers further stated: U.S. stock valuations are very high, there are astonishing debt levels, and there are many new investors entering the market. This is not the first time I have seen this. I have seen the movie and I know what is going on. They will all lose a lot of money, and I hope I am not one of them.
USD TO LOSS DOMINANCE
Rogers also reiterated his previous view that the US dollar will lose its dominance, and the Russian-Ukrainian war has accelerated this trend. He explained that the world's international transaction medium should be neutral and anyone can do whatever they want with it, but unfortunately, Washington is changing the rules. If Washington doesn't like a party, that party can't use the US dollar, but it shouldn't be like this.
Rogers pointed out that the US government has shown that if it doesn't like you, it will take your money, and many people's assets have been confiscated by the US government just because the US government doesn't like these people, and this will trigger a ripple effect: many countries, even our allies, are now looking for something to compete with the US dollar because this may happen to them, you know, and all of a sudden, Washington may say you're finished.
NEVER BUYED BITCOIN
In addition, Rogers also expressed his views on Bitcoin, saying that he has not purchased any Bitcoin. He reiterated his previous view that if cryptocurrency is successful as a currency, the government will ban it because the government does not like competition.
According to a previous report by 120BTC.com, Rogers said in April last year that Bitcoin and gold cannot be directly compared. Although both can be used as a medium of exchange other than currency, precious metals have no intention of replacing currency. In order to maintain the authority of legal tender, the government is likely to impose regulations on Bitcoin.

Secondly, Rogers' criticism of Bitcoin also reflects his deep understanding of the financial market. Throughout his investment career, he has always adhered to the concept of value investment, believing that investors should focus on assets with substantial value. In contrast, Bitcoin, as a virtual currency, lacks a clear intrinsic value, which makes its price vulnerable to market sentiment. Rogers believes that investors should look at Bitcoin rationally and avoid losses caused by blindly following the trend.

In summary, Rogers's views are not only a question about Bitcoin, but also a profound insight into the entire market environment. He emphasized the risks of the impending bear market and reminded investors to remain calm and rational when facing market fluctuations. Through reasonable asset allocation and risk management, investors can find opportunities for survival and development in a complex market environment. Therefore, in future investment decisions, we should seriously consider Rogers' warnings, fully realize the risks and opportunities of the market, and make wise choices.