Bitcoin is a bubble and will blow up someday, says Jim Rogers

Veteran investor Jim Rogers has issued a stark warning about Bitcoin, calling it a bubble that will eventually collapse. In an interview with ET Now, Rogers expressed skepticism about the cryptocurrency's long-term viability.

"It is going to hurt a lot of people. I hope I am not one of them. I hope you are not one of them. I do not see any reality to the movement. In my view, it is a bubble, and it will blow up someday," Rogers said, cautioning investors about the risks involved.

When asked about other potential bubbles in global financial markets, Rogers pointed to Bitcoin as the most prominent one at the moment.


"That is the main one I see right now. I do not see any other markets that are exploding and going through the roof irrationally. That is the only bubble I see right now," he remarked.

Bitcoin’s Recent Decline

Since reaching an all-time high of $109,114 on January 20, 2025, Bitcoin has fallen nearly 19% and is currently trading at $87,850. The cryptocurrency saw a sharp 8% drop today, driven by concerns over potential U.S. investment restrictions on China.

Investor sentiment weakened after U.S. President Donald Trump reaffirmed that tariffs on Canada and Mexico remain "on time and on schedule." His administration’s decision to restrict Chinese investments in key sectors, coupled with weak U.S. economic data, further pressured the market.

"Trump's tariff threats against Mexico and Canada have triggered panic, erasing $253 billion from the crypto market," said Avinash Shekhar, Co-Founder & CEO of Pi42.

The broader crypto market also faced significant losses, with major altcoins following Bitcoin’s downturn. XRP and Solana dropped 15%, while Dogecoin declined 13.5%, and BNB lost 6.6%. Other cryptocurrencies, including Cardano, Chainlink, Sui, Avalanche, Stellar, Litecoin, Shiba Inu, and Hedera, saw losses ranging between 7% and 18%, reflecting the overall bearish sentiment in the market.

Also Read: Bitcoin’s drop: A chance for retail investors to buy the dip? Here’s what experts say

(Disclaimer: Recommendations, views, and opinions expressed by experts are their own and do not reflect the views of The Economic Times)