Legendary Chess Grandmaster Gary Kasparov Calls Bitcoin Protection Against Government

Legendary Russian chess player and grandmaster Gary Kasparov is a would-be cryptocurrency champion, equating technology with a form of economic and individual freedom.

Kasparov, who held the No. 1 rank in chess from 1984 to 2005, took part in a recent interview with CoinDesk to explain its views on crypto-assets, including as a way for citizens to verify government power and protect themselves against government spending.

Kasparov said he first became interested in crypto-assets through his background in technology and math, culminating in a partnership last December with 1Kind to develop non-fugnable tokens (NFTs) based on iconic moments. of his 1985 chess match against IBM’s “Deep Blue” artificial intelligence. machine.

Kasparov said crypto is becoming an integral part of the future of technology, including the evolution of economies around the world.

He told CoinDesk,

Cryptocurrencies are becoming an inseparable part or advancing as the whole world is going digital. And if the economy becomes more digital, so does money. Another philosophical reason is that… governments [have] unlimited possibilities to print money. And printing money is the most exquisite form of borrowing from us and future generations.




The Russian grandmaster said that crypto-assets, especially Bitcoin, offered protection against the government’s “assault”. He called their development “absolutely” vital for the future of the world.

Kasparov argued that crypto holds the ability to protect human rights in undemocratic countries while providing citizens of democracies with a means to fight against government economic policies. He explained his frustration as an American taxpayer with the government printing billions of dollars in new money, which led to the devaluation of his dollar.

He concluded,

So I think it’s very important that technology gives me the opportunity to fight back, to protect my hard-earned fortune. And I think bitcoin – which I believe is online gold – and other cryptocurrencies are the way of the future. I’m no financial expert, but I wouldn’t be surprised if, I wouldn’t be surprised if in 10 years the dollar would be replaced by the basket of coins as the benchmark.

Warning

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading crypto-assets involves the risk of financial loss.

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