Post Malone Criticizes US CBDC and Government Control
American rapper, Post Malone, expressed his criticism of a potential United States Central Bank Digital Currency (CBDC), describing it as a means of government control. He made these comments during an episode of the “Joe Rogan Experience” podcast, where he and Joe Rogan discussed the problems that a digital currency would create in the country. Rogan voiced his disapproval, stating that it would result in the government taking away citizens’ money, leaving them feeling powerless. Malone agreed with Rogan’s concerns and highlighted the presence of tracking systems in centralized finance that control behavior.
CBDCs Risk Hindering Crypto Industry Growth
Industry experts have warned about the risks that government-backed digital assets pose to the growth of the crypto industry due to regulatory uncertainty. The digital asset community supports Malone and Rogan’s remarks, urging crypto enthusiasts to distance themselves from CBDCs. Crypto-friendly politicians, such as Robert F Kennedy and Florida Governor Ron DeSantis, have also criticized CBDCs for being instruments of government control. Kennedy expressed support for Bitcoin and advocated for policies that would protect the freedom to transact while preventing money laundering.
Hot Take
The criticism of the US CBDC by Post Malone and Joe Rogan highlights the concerns over government control and the potential negative impact on individual freedoms. The support from the crypto community further emphasizes the need to protect the growth and innovation of decentralized cryptocurrencies like Bitcoin.
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