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Joe Rogan: US doesn't want Bitcoin to repeat Internet success

 


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


US authorities are “going crazy” just thinking about Bitcoin evolving like the internet model. This is the opinion of podcast host Joe Rogan in his podcast The Joe Rogan Experience. According to the commenter, Bitcoin has already established itself as a viable currency:


“I see bitcoin the same way I saw the internet in its early days. I don't think anyone expected this and now it's already an established currency and you can actually buy things with it. And I think that's why the government is going crazy."


Rogan says that the US authorities had already tried to censor the Internet during the Obama administration. However, this attempt failed thoroughly due to public outcry. Now Washington will try again to promote such an initiative also in relation to cryptocurrencies.



Joe Rogan on China and Russia

Rogan noted that some countries like China are already actively testing their own digital currencies.


"This is a real tool for the authorities to restrict what we spend our money on, 1000%."


China, Russia and the US authorities are all exploring the possibilities of a central bank digital currency . However, in April this year, US Treasury Secretary Janet Yellen doubted that a digital dollar would be available in the near future. So far, according to the US Treasury Department, authorities are studying the implications of a digital dollar for monetary policy, national security and international trade.

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