Joe Rogan: US Doesn’t Want Bitcoin to Repeat Internet Success

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In Brief
  • Joe Rogan says the US authorities are afraid of Bitcoin

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Joe Rogan, the American martial artist and podcaster, doubts that the US authorities will allow Bitcoin to grow on the same scale that the internet did.

The US authorities are “going crazy” at the mere thought that Bitcoin will begin to develop according to the internet model. This opinion was expressed by podcast host Joe Rogan on The Joe Rogan Experience.

According to the commentator, Bitcoin has established itself as a viable form of currency:

“I think of bitcoin the same way I thought of the internet in its early stages. I think they did not expect this and now it is a viable form of currency and you can actually buy things with it, and I think the government is going crazy.”

Rogan noted that during the Obama administration, the US authorities have already tried to censor the internet, but the attempt failed miserably due to public outcry. Now Washington will try to promote such an initiative in relation to cryptocurrencies.

Joe Rogan on Bitcoin

Joe Rogan on China and Russia

Rogan noted that some countries, like China, are already actively testing their own digital currency:

“This is a real tool that will allow [authorities] to literally limit what you spend your money on by 1000%.”

China and Russia and the US authorities are all exploring the possibility of creating a central bank digital currency (CBDC). However, in April of this year, US Treasury Secretary Janet Yellen doubted that a digital dollar would appear in the near future.

So far, as the head of the US Treasury said, the authorities are studying the impact of issuing a digital dollar on monetary policy, national security, and international trade.

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Denis has been in the crypto industry since 2016. He was involved in the development of such media startups as hype.codes, currency.com, iHodl.com and many more. He is focused on fact-checking and passionate on how crypto and blockchain technology can change the world.

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