Bitcoin will inevitably become massive – Garry Kasparov
Former world chess champion is confident that Bitcoin will grow in popularity
Kasparov Compares Limited Bitcoin Issue With Unlimited Money Printing
Kasparov’s comments echo Mark Cuban’s
International consortium of news organizations developing transparency standards.
Grandmaster of chess and human rights activist Garry Kasparov explains why the current economic crisis will increase interest in Bitcoin.
Russian chess player Garry Kasparov said in a recent interview that against the backdrop of unconventional monetary policy and government excesses, Bitcoin may be the right decision..
In an interview with Forbes, the former world chess champion said: “Anything that will allow us to take back control, or at least to some extent control our privacy, is always welcome.”.
“That is why I think that the steady rise in popularity of bitcoin and other cryptocurrencies is inevitable, as well as the blockchain technology itself as a concept,” he added..
Kasparov’s interest in bitcoin is understandable, because he is the chairman of the Human Rights Foundation, a non-profit organization that, by the way, recently launched a fund for the development of bitcoin..
Moreover, the grandmaster believes that Bitcoin is strong enough to become an alternative to US monetary policy. Earlier in an interview with BeInCrypto, Kasparov said that behind Bitcoin, unlike fiat money, there is mathematics, and this is his magic.
“The advantage of bitcoin is that you know exactly the number – the magic number 21 million. And we understand the formula behind this, ”Kasparov said. But if you take, for example, the Fed, you never know how many trillions of dollars will be on the market tomorrow, which reduces savings. “.
He also added that “people are looking for alternative ways to preserve wealth and protect wealth from inflation or uncontrolled government interference in their financial affairs.”.
And he’s not the only one who thinks so. Billionaire Mark Cuban said in April that bitcoin will benefit if the US continues to print money, although he is not so optimistic.
“If things turn out badly, given the global premise, because we print so much money, it could play into the hands of bitcoin. He has a lot to offer. Otherwise, bitcoin will be left with nothing, ”said Cuban.
As a reminder, Cuban announced in December 2019. that bitcoin still has too many problems, so its mass adoption is busy
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