Sam Altman, CEO of OpenAI and a key figure behind the widely-used ChatGPT application, has openly conveyed his dismay and profound apprehension regarding the U.S. government’s unfavorable position on Bitcoin and cryptocurrencies. Altman firmly asserts that this persistent stance signifies the government’s ambition to assert authority over a global currency that transcends its jurisdiction.
In a podcast conversation with Joe Rogan
Altman shared his insights on cryptocurrency. He expressed a sense of sorrow about the nation’s current condition and voiced worries about the extent of possible surveillance. Altman vehemently objected to central bank digital currencies (CBDCs), fearing that they might empower governments to surveil and curtail individuals’ spending capabilities.
Conversely, Altman conveyed his enthusiasm for Bitcoin, viewing it as a substantial and rational step forward in technology toward establishing a global currency free from government control. Rogan echoed Altman’s optimism, asserting that Bitcoin seemed to hold the greatest promise in becoming a universally accepted form of currency.
The U.S. government faces allegations of implementing a crackdown on Bitcoin and cryptocurrency enterprises through the enforcement of strict regulations and tax policies within the industry. Consequently, the previously robust momentum of Bitcoin’s price has dwindled following its substantial surge in the first half of 2023.
Nonetheless
Certain analysts foresee a substantial rally in anticipation of next year’s historic Bitcoin halving event. Furthermore, U.S. lawmakers and regulators have entered into deliberations concerning the development of a digital dollar central bank digital currency (CBDC). However, Federal Reserve Chair Jerome Powell asserts that such technology remains a distant prospect on the horizon.
Altman (OpenAi CEO) has faced criticism from the Bitcoin community due to his association with Worldcoin, a controversial cryptocurrency project that seeks to build a database of individuals through the scanning of their eyes in exchange for the cryptocurrency WLD. While the project claims to be a social experiment aimed at promoting equitable wealth distribution, concerns have arisen regarding privacy and security risks associated with the collection of biometric data.
Altman has defended his involvement with Worldcoin, asserting its legitimacy and noble objectives. He clarified that his role was limited to that of an advisor and investor, with no direct involvement in its day-to-day operations.
