Legendary Chess Grandmaster Gary Kasparov Calls Up Bitcoin Protection From Government

Legendary chess player and Russian grandmaster Gary Kasparov is an alleged champion of cryptocurrency, equating the technology with a form of economic and individual freedom.

Kasparov, who was No. 1 in chess from 1984 to 2005, took part in a recent interview with CoinDesk to explain his views on cryptoassets, including as a means for citizens to control government power and protect themselves. against government spending.

Kasparov said he first became interested in cryptoassets through his background in technology and mathematics, which culminated in a collaboration last December with 1Kind to develop non-fugnible tokens (NFTs) based on iconic moments from his 1985 chess match against IBM’s “Deep Blue” artificial intelligence machine.

Kasparov said crypto will become 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 of or progress as the whole world moves digitally. And as 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 excellent form of borrowing from us and from future generations.




The Russian grandmaster said cryptoassets, especially Bitcoin, provided protection against the government’s “attack”. He called their development “absolutely” vital to the future of the world.

Kasparov argued that crypto provided an opportunity to protect human rights in undemocratic countries, while providing citizens in democracies a way to fight the government’s economic policies. He explained that as a US taxpayer, he was frustrated that the government was printing trillions of new money, leading to the devaluation of his dollar.

He concluded,

So I think it’s really important that technology gives me a chance 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 to 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 is replaced by the basket of coins by default.

Disclaimer

The views and opinions of the author, or other persons mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading in cryptoassets carries a risk of financial loss.

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