According to Joe Rogan, the American government is "freaking out" because of bitcoin's development.
The renowned American podcaster, UFC commentator, and comedian – Joe Rogan – said bitcoin reminds him of the Internet in its early days. In his view, it has emerged as a “viable form of currency,” which is a serious concern for the US government.
Bitcoin Made the Government ‘Freak Out’
During his most recent podcast episode, Joe Rogan reiterated his support of bitcoin, asserting that the current status of the asset is much similar to the early Internet:
“I think of bitcoin the same way I think about the early Internet.”
According to Rogan, the US government did not expect BTC to become a “viable currency” that one can use to buy things. As such, the authorities started “freaking out” and are now looking to cope with the situation.
The UFC commentator does not think the American lawmakers will restrict the employment of cryptocurrencies as they have had a bad experience trying to impose censorship on the Internet during the Obama administration. The move caused significant backlash from society and was quickly withdrawn.
In the case of digital assets, Rogan expects the US government to create a centralized digital currency that they can control. However, this will limit people’s purchases and steal their financial freedom.
In January, the comedian predicted that cryptocurrencies could become monetary instruments that will improve people’s lives. Despite saying he doesn’t understand them very well, he praised Bitcoin and Ethereum as the most popular in the space:
“I have a lot of hope for cryptocurrencies, I really do. I don’t know much about them, but Bitcoin and Ethereum seem to be the ones people talk the most.”
Nonetheless, he did not rule out the possibility of the crypto sector falling apart completely.
“It’s going to be one or the other,” he assumed.
Joe Rogan, Source: Business Insider
Rogan Sees NFTs as a Hustle
Last year, he gave his two cents on non-fungible tokens, too, classifying them as a “cryptocurrency hustle,” which does not make any sense.
He rejected the option of purchasing digital collectibles, arguing there is no point in spending a significant amount of money on such artwork when people can download it for free:
“Here’s my problem, I can have that photo, and I can have it on my phone.”
Prior to that, the comedian Reggie Watts tried to explain what NFTs are and what merits they have. Rogan, though, said he “understands even less” after the discussion.
Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.
