Bitcoin could be an integral piece to progressing the game of life, according to chess grandmaster Garry Kasparov.
In a recent interview, the man widely considered to be one of the greatest chess players ever lauded Bitcoin, explaining that the decentralized digital currency is helping individuals to maintain personal privacy and liberty.
He also explained that he believes it is only a matter of time before Bitcoin and other digital currencies garner greater mainstream adoption.
Chess Grandmaster: Bitcoin a Solution to Out-of-Control Money Printing
The chess grandmaster has long been an advocate of the nascent technology, as the credos underpinning it are in-line with the initiatives he is working with – including the Human Rights Foundation and the Renew Democracy Initiative.
Kasparov explained in the interview that although the state has a right to issue currency, people need to have a backup to turn to when money printing gets out of hand.
He believes this backup option should be BTC.
He further added that fears surrounding Bitcoin being a currency for criminals are far overstated and that the upsides it offers far outweigh any potential downsides.
Why Kasparov Thinks BTC Adoption is Inevitable
While speaking about the future of the cryptocurrency, Kasparov offered an optimistic viewpoint, noting that he believes a growing demand for privacy could be the flame that ignites widespread Bitcoin adoptions.
On this point, he said that “people are recognizing that so many elements of our lives are now screened,” adding that they will eventually flock to anything that can offer a haven of privacy.
He also pointed to the growing trend of a populist desire for a power shift away from institutions and back into the hands of individuals.
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