I have a lot of hope in crypto – Joe Rogan

• Joe Rogan has thrown his weight behind crypto, says he has a lot of hope in it.

• Adam Curry has also said that the money system cannot be trusted anymore as it is linked to oil and on occasion leads to war. 

Comedian and UFC commentator, Joe Rogan has thrown his weight behind crypto amid the recent debates surrounding digital currencies and the money system. Speaking on the 1670th episode of his podcast, he mentioned that Bitcoin is either going to fall apart completely or be used as an opportunity to come up with a better way to improve lives. This episode featured the host of right-wing podcast “No Agenda”, Adam Curry. 

Curry announced his belief in Bitcoin and disclosed his doubt about the money system. 

There is a whole slew of young people who are just opting out, and they are moving to build parallel systems and parallel networks. I’m on the Bitcoin train because I believe my money is safer there.

According to Curry, the money system cannot be trusted as its links to oil causes war. He further added that the money system causes inflation and misery. Curry’s position on issues has been questionable as mainstream media and the medical community has criticized him heavily for promoting conspiracy theories. 

Rogan, whose Podcast has about 11 million per episode, has also been criticized in the past for making sexist, racist, and transphobic jokes. This has overshadowed the positive appraisal of the digital assets as some users on Reddit do not find his comments impressive. 

A user identified as “thenudelman” posted into the r/Cryptocurrency subreddit that  “An endorsement from Captain Pseudoscience. Coudiddone without it.” Another user called “Dubsy 101” posted that “He’s an idiot and the last person we want to be associated with Crypto.”

Rogan’s bad position on Bitcoin in the past

In the past, Rogan dismissed Bitcoin on his show, claiming it is a Ponzi scheme. However, in the February 2019 episode with former Square CEO Jack Dorsey, he promoted Cash App and even used its support for Bitcoin as the reason for people to explore it. He also boasted that he received a Bitcoin payment worth $100,000 in November.

The two controversial commentators also commented on the possibilities of the digital metaverse and the role of Non-Fungible Tokens (NFTs) in this world. Rogan visualized a development where companies set up stores in the metaverse, create tokens, and demand customers to use them to purchase their products. 

Apple could easily do that. you would buy coins, and through those coins you would buy products… It’s almost like another version of stocks or something.

However, Curry does not think that will be possible. According to him, institutions and governments will be more focused on Central Bank Digital Currencies (CBDC). 

You will have crypto. You will have a digital wallet. It will be directly from the Federal Reserve to you. And there will be little retail banking – that just won’t happen anymore.