Sam Altman Slams the US Government for Attacking Cryptocurrencies ⋆ ZyCrypto
The post Sam Altman Slams the US Government for Attacking Cryptocurrencies ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Sam Altman, CEO of OpenAI and founder of Worldcoin, has delivered a powerful critique of the U.S. government’s stance on cryptocurrencies, particularly Bitcoin. In an October 6 interview on “The Joe Rogan Experience” podcast, Altman expressed his excitement about Bitcoin, describing it as a “super logical” step on the technological evolution tree. He emphasized that having a global currency outside any government’s control is rational and vital for advancing technology. Altman’s enthusiasm for Bitcoin extended to its potential as a world reserve currency. He argued that in a technologically enabled world, where transactions are increasingly digital, cryptocurrencies like Bitcoin could play a pivotal role in reducing corruption, which he noted is a significant obstacle to societal progress. Joe Rogan, the podcast host, shared Altman’s optimism for Bitcoin, stating, “The real fascinating crypto is bitcoin, that’s the one that I think has the most likely possibility of becoming a universal currency…and I love the fact that it’s being implemented”. Notably, Rogan highlighted Bitcoin’s limited supply and decentralized mining process as factors contributing to its unique appeal. Advertisement     It’s worth noting that Altman’s support for Bitcoin isn’t recent. About a decade ago, he argued in a blog post that a world transacting in Bitcoin would be more transparent and, in turn, reduce corruption. In his recent interview, Altman also expressed strong reservations about central bank digital currencies (CBDCs). He voiced concerns about the potential for CBDCs to enable increased government control over individuals’ financial transactions, leading to a surveillance state. Altman further voiced his disapproval of the recent steps taken by the U.S. government in its handling of the cryptocurrency sector. Following the collapse of FTX last November, the U.S. government has notably escalated its examination of the cryptocurrency industry, with regulatory bodies such as the SEC…
Filed under: News - @ October 10, 2023 8:10 pm