The ex-world chess champion Garry Kasparov in his interview with BeInCrypto discussed the history and future of artificial intelligence and its relationship with Bitcoin and blockchain technology.
According to Garry, the biggest problem of fiat money is the irresponsibility of governments, which print them in unlimited quantities.
“85% of [fiat] money ends up on the stock market and it doesn’t find its way to real economy. This is another big bubble,” Kasparov said.
At the same time, he believes that governments should control the “financial side of things”, otherwise the world will slide into chaos.
It is noteworthy that earlier Kasparov called bitcoin “pure speculation.”