TechFlow news, October 10 — According to CoinPedia, American podcast host Joe Rogan questioned the value of Bitcoin and non-fungible tokens (NFTs) during an episode of his show, The Joe Rogan Experience. Rogan referred to NFTs as "fake money" and suggested that Bitcoin might also carry risks.
Rogan pointed out that some people view cryptocurrencies as a path to quick wealth, a mindset that could lead to risky investments. He shared the story of a friend who suffered significant losses from crypto investments, highlighting the dangers of this "get-rich-quick" mentality. Rogan described cryptocurrency investing as "putting a lot of cash into something that feels like imaginary money."
Regarding NFTs, Rogan expressed difficulty understanding why anyone would pay high prices for digital items, stating that these digital assets seem no more valuable than screenshots. Although his producer Jamie attempted to explain NFTs by comparing them to physical ownership, Rogan remained skeptical about the "authenticity" of NFTs, especially in light of the sharp price declines seen in high-profile NFT projects such as Bored Ape Yacht Club.
Nonetheless, Rogan acknowledged that Bitcoin may hold more value than NFTs. He compared Bitcoin to the early internet, noting that despite government resistance, it is beginning to gain recognition. However, he remains cautious about central bank digital currencies (CBDCs), fearing they could replace traditional money in a way that grants governments full control.
