The American comedian, UFC commentator, and host of one of the top Spotify podcasts – Joe Rogan – said cryptocurrencies could turn to be a financial instrument, which will improve people’s lives. However, he did not rule out the possibility that the industry could “fall apart completely.”
A Lot of Hope for Cryptocurrencies
During his recent podcast, Joe Rogan interviewed Adam Curry – an Internet entrepreneur and a prominent media personality. The duo discussed the merits of digital assets and their implementation in the future monetary system.
Rogan doubled down on his support for the cryptocurrency industry, and more specifically, Bitcoin and Ethereum. In his views, these two assets are the most popular among society:
“I have a lot of hope for cryptocurrencies, I really do. I don’t know much about them, but Bitcoin and Ethereum seem to be the ones people talk the most.”
He also envisioned two possible scenarios for the world of crypto.
“It’s either going to fall apart completely, or we’re going to use this as an opportunity to right the ship and come up with a better way to live our lives. It’s going to be one or the other,” he stated.
His guest Adam Curry explained the difference between Bitcoin and alternative coins. He admitted he invests only in the primary cryptocurrency as there will only be 21 million coins of it.
“It cannot be inflated, and you cannot say the same for Ethereum,” the 57-year-old American claimed.
Moreover, Curry highlighted the cracks in the current financial network, saying it is “broken, it causes inflation, misery,” and even wars. He concluded that being on the “bitcoin train” could give one protection against the adverse reality.
What of NFTs?
They also touched upon the role of non-fungible tokens (NFTs) in the future financial network. Rogan believes at some point, companies might launch their own digital collectibles, which customers would need to use to purchase their products:
“Apple could easily do that. It’s almost like another version of stocks or something.”
It is worth noting that last year, he had a rather different stance on NFTs, calling them a “cryptocurrency hustle, which doesn’t make any sense.”
According to Curry, though, the chances of this happening are mere. Instead, he predicted that governments will set their sights on central bank digital currencies (CBDCs).”
“You will have crypto. You will have a digital wallet. It will be directly from the Federal Reserve to you.”
Featured image courtesy of Politico