Why Does Joe Rogan Call a Celebrity Coin a Bribe?

Joe Rogan says a celebrity crypto coin is a new thing to rig and a way to bribe people. He says his buddy Kurt Metzger thinks the buyers are gambling addicts and that a coin is a new thing to gamble on.

Joe Rogan walks through a Michael Douglas crypto coin. Someone puts in a million dollars or five million dollars and says the money is an investment in the coin. Fans buy in and hope to get out before the crash, because everybody kind of knows the coin is going to crash. The money that was supposed to be for the coin gets pulled out immediately and handed over. Offshore corporations or other tricky filters suck the money out.

The same stretch calls the setup a Ponzi scheme and the Wild West, and compares it to the stock market on steroids, a wacky market where people make their own money. The number given for fake monies, or crypto monies, is thousands.