Joe Rogan and Post Malone discussed their fears of CBDCs on the popular podcast “The Joe Rogan Experience,” echoing the concerns of many crypto advocates.
In a recent episode, Joe Rogan, the comedian and host of the popular podcast “The Joe Rogan Experience,” and Post Malone, the rapper, and singer, shared their views on CBDCs, or central bank digital currencies.
The two celebrities expressed their distrust and apprehension of CBDCs, which are digital versions of national currencies issued and controlled by central banks.
They argued that CBDCs could pose a threat to individual freedom and privacy, as well as enable government manipulation and coercion.
Joe Rogan and Post Malone’s Fears of CBDCs
Joe Rogan and Post Malone had a candid conversation about CBDCs, which are being explored or developed by many countries around the world, including China, the Bahamas, and Nigeria.
When asked about the possibility of a U.S. CBDC, Rogan responded strongly, saying that it would be a disaster. He said, “No way, I think that’s checkmate. That’s game over,” a sentiment echoed by Post Malone.
Their conversation took a dystopian turn as Rogan highlighted the potential dangers of a social credit score system, which could be used to monitor and control people’s behavior.
Rogan’s concerns extended to the possibility of government control over people’s finances, emphasizing that authorities might seek to strip individuals of their money to ensure compliance.
They presented the fear of the government arbitrarily seizing funds as a driving force behind compliance, which made individuals feel powerless and lack recourse.
Notably absent from the dialogue were references to Bitcoin or other cryptocurrencies.
Nonetheless, their discussion resonated positively within the crypto industry, where leaders and figures largely share concerns about CBDCs’ potential adverse impacts.
Exploring the debates behind the growing adoption of CBDCs
Caitlin Long, CEO of Custodia Bank, aligned her perspective with Rogan and Post Malone’s views after discussing with the government.
She emphasized that CBDCs could signify the erosion of privacy and property rights in financial assets, highlighting the potential dangers of a government-controlled digital currency.
Sam Callahan, a Bitcoin analyst at Swan, a financial services company, welcomed the conversation as a positive step.
Callahan pointed out that having influential figures like Post Malone address these concerns on a prominent podcast reflects the increasing integration of these topics into the mainstream consciousness.
This sentiment resonates with the growing dialogue on CBDCs, which political figures have further propelled.
Two U.S. presidential hopefuls, Ron DeSantis and Robert Kennedy Jr., have contributed to the discussion from opposing viewpoints.
Kennedy has labeled CBDCs as “instruments of control,” while DeSantis has accused President Joe Biden of waging a “war on Bitcoin and cryptocurrency.”
CBDCs have sparked discussions across the mainstream landscape, drawing attention from both supporters and skeptics.
The recent backlash against CBDCs by U.S. politicians and prominent public figures like Joe Rogan and Post Malone exemplifies the growing concerns over the implications of government-backed digital currencies.
