In the world of cryptocurrency, well-known investor and financial commentator Jim Rogers shared his opinions on cryptocurrencies, particularly on the role of Bitcoin (BTC) as a government-backed currency. According to Rogers, despite Bitcoin’s current growth, its main feature is being defined as a trading tool, and therefore it is not in a position to be considered a threat to governments in terms of replacing existing currencies. The investor, who believes that the likelihood of governments accepting Bitcoin alongside existing currencies is low, also highlighted his concerns about the potential competition between current monetary systems and Bitcoin.