Kasparov commented on the general use of cryptocurrencies, the overblown fears surrounding it, its capacity to decentralize power, and an increasing level of state influence across the world.
Kasparov, who after retiring from professional competition has worked on numerous human rights campaigns as a chair of the Human Rights Foundation, said that cryptocurrencies do a lot to improve human rights. Saying that the concerns surrounding cryptocurrencies are overrated, Kasparov believes that blockchain technology could give individuals more personal control.
He also alluded to the printing of money which many governments have undertaken as a result of the economic impact of the COVID-19 pandemic.
...I think it’s a natural response of technology to help the public regain the control that has been gradually lost to outside institutions. The good thing about bitcoin is that you know exactly the number — the magic number of 21 million...But when you look at the other side, the Fed for instance, you never know how many trillions of dollars will appear on the market tomorrow that will damage your savings.
Kasparov ended the discussion by describing how Bitcoin and blockchain have helped in key human rights projects, and that they were “natural choices to incorporate” strategies that promote privacy and freedom.