Crypto news: Recently, Joe Rogan, a well-known podcaster, said that Bitcoin has the potential to become a global currency.
But what does this imply about the prospects for the future of the blockchain industry?
Let’s see all the details below.
Summary
Joe Rogan’s view on Bitcoin’s role in the financial world: latest news
In the most recent episode of the “Joe Rogan Experience” podcast, Rogan expresses an optimistic view on Bitcoin, suggesting that it could evolve into a global currency. Specifically, the podcaster describes Bitcoin as the most intriguing cryptocurrency with the greatest potential for a worldwide spread.
In fact, speaking with Sam Altman, the founder of OpenAI, Rogan stated the following:Â
“This is the most concrete proposal to become a global currency.”
Currently, Bitcoin ranks as the top cryptocurrency in the market, with an exchange value of approximately $27,848.47 at the time of writing this article.
In addition, Rogan finds it particularly fascinating that Bitcoin has a cap on the amount available and is mined by people all over the world. Not only that, he also notes with interest how some people have adopted Bitcoin in their daily lives.
In this regard, Rogan mentions Andreas Antonopoulos, a Greek tech entrepreneur, as an example of an individual who has integrated Bitcoin into his daily habits, stating:
“When he talks about it, he is living Bitcoin. Everything he pays, he does in Bitcoin, even his rent and all other daily transactions.”
As we know, Bitcoin, a pioneering cryptographic resource, has always attracted great interest in the financial world since its early days of existence. It is widely acknowledged that certain entities and individuals have considerable influence over this cryptocurrency.
According to Blockchain.com data, Bitcoin has proven to be an extremely profitable asset for the vast majority of the days it has been traded: out of a total of 3597 days, it has been profitable for an impressive 3129 days.Â
Interestingly, Joe Rogan himself has accepted a $100,000 payment in Bitcoin in the past, demonstrating the growing acceptance and adoption of cryptocurrency.
Sam Altman exposes concerns about U.S. policies toward Bitcoin and crypto
In the same podcast mentioned above, Sam Altman, CEO of OpenAI and a prominent figure in the technology industry, openly criticized the U.S. government’s hostile stance toward Bitcoin and cryptocurrencies.
Specifically, Altman expressed his disappointment and deep concern about the government’s actions, which he believes reflect a desire to exert control over a global currency that operates outside its jurisdiction.
Altman’s concerns also extend to the possible extension of financial surveillance and the impact on people’s ability to spend.
In fact, he strongly opposes the idea of central bank digital currencies (CBDCs), fearing that these could allow governments to monitor and restrict financial transactions, thereby violating the privacy and financial autonomy of individuals.
Altman stated the following during the podcast:
“I am disappointed with what the US government has done recently regarding cryptocurrencies. I think it’s a kind of war, a position of: we can’t let it get out of hand, we will control. It makes me pretty sad for the country.”
Despite his reservations about CBDCs, Altman showed strong enthusiasm for Bitcoin, seeing it as a remarkable technological advance and a logical solution that has the potential to become a globally accepted currency, regardless of government policies.
Criticism of U.S. government policies on Bitcoin and beyond
As we know, the U.S. government has come under criticism for its perceived restriction of the Bitcoin industry and cryptocurrency companies through the implementation of stringent regulations and tax regulations.
These actions have caused a slowdown in Bitcoin’s price momentum, following a notable rise that occurred in the first half of 2023. Despite the regulatory challenges, some analysts predict an upcoming significant rally ahead of Bitcoin’s historical halving expected next year.
Meanwhile, U.S. lawmakers and regulators are leading discussions on the possible creation of a CBDC (Central Bank Digital Currency) based on the digital dollar. However, Federal Reserve Chairman Jerome Powell said this technology still remains a distant prospect.
The government’s approach to cryptocurrency regulation has generated heated debate within the industry and among policymakers, with concerns about the need to strike an appropriate balance between innovation and necessary oversight.
