Legendary chess player Garry Kaspárov has claimed that he sees Bitcoin and cryptocurrencies as a model of democratization that can significantly help society.
Garry Kaspárov and the potential of Bitcoin
For those who don’t know him, Garri Kaspárov is a Russian chess Grandmaster, politician, and writer. In this sense, he was World Champion in chess from 1985 to 2000. For this reason, he is considered one of the best players of all time.
He is also known for having faced the IBM “Deep Blue” supercomputer.
BTC and Blockchain are part of the solution
On July 23, an interview by Roger Huang to Kasparov was published in Forbes, where the legendary chess player emphasized the potential he sees in cryptocurrencies and Bitcoin.
It is worth mentioning that Kaspárov has become an advocate for human rights, digital freedoms and the renewal of democratic freedoms.
So, under this line of thought, Kaspárov considers that Bitcoin offers people more control over their money, which is generally regulated. “By the State, corporations or external parties”.
Keep in mind that the issue of inflation and its consequences is currently in full swing. And the reason is that many experts seem to assure that it is just around the corner.
In this way, Kaspárov points out that what most attracts him “Bitcoin is that I know that the magic number is 21 million, and I know that mathematics ensures it … While, the government could print another billion dollars …”.
He also added that “They create all this money, and 85% end up in the stock market, they don’t find their way to the real economy, basically we are just propping up the stock market. It’s another great bubble. “
So, according to the legendary chess player, Blockchain technology and cryptocurrencies like Bitcoin are “natural options” for protection against privacy and human rights violations.
“So I think the constant increase in popularity of the concept of Bitcoin and other cryptocurrencies and Blockchain technology is inevitable.” he explained. The reason is that they are “The response to the change of power of the individuals to the States“
A long way to go
Believing in the potential of cryptocurrencies like Bitcoin and Blockchain technology does not mean blindly following them. That is why, despite the fact that Kaspárov was very positive about them, he also mentioned the problems that have arisen.
“Now, we hear a lot about the potential downsides of cryptocurrencies because they can help bad guys steal money.”he expressed.
However, he also assured that “Those fears are overrated”.
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