Cryptocurrencies are the future and could replace the dollar in 10 years, says chess grandmaster Garry Kasparov



The NFT project was launched by Kasparov.

Noam Galai is a photographer.

Chess grandmaster Garry Kasparov has said he would not be surprised if cryptocurrencies replaced the dollar in 10 years' time.

According to Kasparov, who is regarded as the greatest chess player of all time, cryptocurrencies such as bitcoin can hold their value as inflation increases.

He said that cryptocurrencies are a good way for people to fight back against overspending by the government, which he said is leading to strong inflation that erodes the value of assets.

trillions of dollars will be printed in America and Europe, he said. The government has a free hand to use my taxes to devalue the dollar.

I think it's important that technology allows me to fight back and protect my hard-earned fortune. I believe that online gold and other cryptocurrencies are the way to go in the future.

I'm not a financial expert, but I would not be surprised if the dollar is replaced by a basket of coins in 10 years' time.

A Wall Street veteran trader-turned cryptocurrencies expert breaks down how the two can potentially reach $80,000 and $7,500, and shares 6 major trends for the year ahead.

Over the last year, the idea of digital gold, which can maintain their value, has gained credence, with investors searching for assets that offer protection against the strongest US inflation since the 1980s.

Proponents of the virtual currency say that it is more likely to hold its value than other assets.

Critics argue that cryptocurrencies are too volatile to be reliable stores of value. The price of the digital currency fell from $20,000 at the end of the year to $3,000 early in the new year.

Kasparov is an opponent of Russian President Putin. The Human Rights Foundation was the first place that he got involved with.

In December, Kasparov released a series of non-fungible token, art or collectibles where ownership can be verified through the use of the internet. The famous chess match against IBM's "Deep Blue" computer is one of the major moments in his life.

Business Insider has an original article.