The cryptocurrency landscape, particularly Bitcoin, has faced significant challenges this year, primarily due to increased scrutiny by the US government. Despite Bitcoin’s impressive rally in the first half of 2023, momentum has seen somewhat limited. A recent revelation from a BlackRock expert suggests that the cryptocurrency market could be on the brink of a massive $17.7 trillion turnaround.
Sam Altman, the visionary behind OpenAI and a leading figure in the artificial intelligence sector, has expressed concern about the US government’s aggressive stance towards cryptocurrencies. He believes the government’s actions are indicative of a broader intention to exert dominance over the crypto sector.
During a recent discussion on Joe Rogan’s popular podcast, Altman expressed his dismay at the US government’s approach. He commented: “The US government’s recent actions, especially its aggressive stance on cryptocurrencies, deeply sadden me. There appears to be an underlying intention to dominate and control the crypto space.”
Altman also addressed the potential dangers of an excessive surveillance state, especially when it comes to financial transactions. He is particularly skeptical of central bank digital currencies (CBDCs), viewing them as tools that could amplify state control over individual financial freedoms.
The idea of a digital dollar CBDC has been a topic of discussion among US regulators. However, Jerome Powell, chairman of the Federal Reserve, believes that the realization of such technology is still a distant future.
Despite facing criticism from the crypto community for his association with the Worldcoin project, which aims to build a database of users through eye scans in exchange for their cryptocurrency, Altman remains bullish on Bitcoin. He believes the concept of a global currency, free of government control, is a crucial technological advance.
