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Podcaster and commentator Joe Rogan has blasted the idea of a United States central bank digital currency (CBDC), describing a digital dollar as a “game over” scenario for American citizens.
In an Aug. 8 episode of the widely-watched podcast Joe Rogan Experience, Rogan and rapper Post Malone turned to topics surrounding the U.S. financial system, pausing to focus on the potential abuses of power that could come with CBDCs in the United States.
Joe Rogan’s podcast typically amasses more than 11 million listeners per episode. Meanwhile, Post Malone boasts a combined 31 million followers across X and Instagram. It comes as discussions around CBDCs have started to make their way into U.S. presidential campaigns.
Rogan didn’t mince words when asked for his thoughts on a CBDC:
“No f*cking way. No way. That’s what I think. I think that’s checkmate. That’s game over.”
Rogan spelled out a scenario where a tyrannical government could tie the flow of a CBDC to one’s social credit score, saying that citizens could easily be cut off from their finances for breaking the rules.
“If they decide somehow or another that you need some social credit score system and it’s for the benefit of society, and they outline that, they can track your behavior and your tweets and all your things […] They just decided you fucked up, and the rules are the rules,” he said.
.@JoeRogan Says ‘No F*cking Way’ to Central Bank Digital Currency: “That’s Game Over”@PostMalone asked @JoeRogan, “So how do you feel about the government’s digital currency that they’re working [on]?”
Rogan answered, “No f*cking way. No way. That’s what I think. I think… pic.twitter.com/OvQ7Cw1o4E
— The Vigilant Fox (@VigilantFox) August 8, 2023
Malone also mentioned his concerns with the banking system in the United States, noting that FDIC insurance only covers bank account values up to $250,000.
The pair also discussed the controversial decision by the Canadian government to freeze the bank accounts associated with the “Freedom Convoy” truckers in February last year.
Joe Rogan & Post Malone talk why we need #Bitcoin. pic.twitter.com/77s2ywAhRl
— Altcoin Daily (@AltcoinDailyio) August 9, 2023
Malone argued that the U.S. government has too much control over the flow of everyday people’s finances and that they could potentially cut off funding to anyone at a moment’s notice.
It echoes similar sentiments from avid supporters of decentralized cryptocurrencies.
Related: Russia to begin CBDC trials with 13 banks
Meanwhile, discussion around CBDCs have become a talking point in United States politics. In July, Republican presidential candidate and Florida Governor Ron DeSantis swore to ban CBDCs in the U.S. if elected president.
On the other side of the fence, Democratic candidate Robert F. Kennedy Jr. criticized CBDCs for being instruments of “control,” and instead promised to back the U.S. dollar with hard assets including Bitcoin (BTC), if he were elected president.
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