The cryptocurrency market, led by Bitcoin, has faced challenges this year, mainly due to increased U.S. government scrutiny. Despite Bitcoin’s strong performance in the first half of 2023, its momentum has slowed. A BlackRock insider recently hinted at a potential massive shift of $17.7 trillion in the crypto market.
Sam Altman, known for his work with OpenAI and AI, has expressed concerns about the U.S. government’s aggressive stance on cryptocurrencies. He believes it indicates a desire for control over the crypto sector. Altman voiced these concerns during a discussion on Joe Rogan’s podcast.
He worries about the government’s actions potentially leading to an intrusive surveillance state, especially concerning financial transactions. Altman is skeptical about central bank digital currencies (CBDCs) and their potential to increase state control over financial freedoms.
While discussions about a digital dollar CBDC have taken place among U.S. regulators, Federal Reserve Chair Jerome Powell sees its realization as a distant future prospect. Altman, despite facing criticism for his involvement with the Worldcoin project, remains optimistic about Bitcoin. He believes in the concept of a global currency free from government control as a crucial technological advancement.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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