OpenAI CEO Supports Bitcoin: Disapproves of U.S. Government’s Stance!

• Altman believes this ongoing stance reflects the government’s desire to control a global currency outside its jurisdiction.
• Altman emphatically rejects central bank digital currencies (CBDCs), fearing they could allow governments to monitor and restrict individuals’ purchasing power.
• The US government has been accused of pressuring Bitcoin and crypto companies by imposing stringent regulations and tax rules on the industry.

OpenAI CEO Sam Altman is voicing his disappointment over the current stance of the US government: he opposes how Bitcoin and cryptocurrencies are being treated!

Sam Altman Supports Bitcoin

Sam Altman, CEO of OpenAI and the mind behind the popular ChatGPT application, expressed deep disappointment and concern in an interview over the US government’s negative stance towards Bitcoin and cryptocurrencies. Altman believes this ongoing stance reflects the government’s desire to control a global currency outside its jurisdiction.

During a podcast with Joe Rogan, Altman shared his views on cryptocurrencies. Expressing sadness about the country’s situation, Altman voiced concerns about the potential magnitude of surveillance. He explicitly rejected central bank digital currencies (CBDCs), fearing they could allow governments to monitor and restrict individuals’ purchasing power.

“What upsets me is what the US government is doing lately, the war on cryptocurrencies, we can’t let it go, [Bitcoin and cryptocurrencies], we will control them; this makes me quite sad about our country,” said Altman. He also expressed his excitement about Bitcoin, which he sees as a significant and sensible technological progress toward achieving a decentralized global currency. Rogan shared Altman’s optimism, stating that Bitcoin has the highest potential to become universally accepted as a currency.

The US government has been accused of pressuring Bitcoin and crypto companies by imposing stringent regulations and tax rules on the industry. Consequently, after experiencing a significant surge in the first half of 2023, the momentum of Bitcoin’s price has slowed down.

Nevertheless, some analysts are predicting a significant rally next year ahead of Bitcoin’s historic halving event. Additionally, US legislators and regulators have engaged in discussions regarding the creation of a so-called digital dollar CBDC. However, Federal Reserve Chairman Jerome Powell has indicated that such technology is still a distant future prospect.

Altman’s Role in the Worldcoin Project

Altman faced criticism from the Bitcoin community for his involvement in a controversial crypto project called Worldcoin, which collects biometric data in exchange for eye scans. The project is presented as a social experiment aimed at promoting fair wealth distribution, but concerns have been raised about privacy and security risks associated with collecting biometric data.

Altman defended Worldcoin, stating that he has a limited role as a consultant and investor, and does not interfere with daily operations. He emphasized the project’s legitimacy and noble vision.