WORLD’S BIGGEST PODCASTER JOE ROGAN ACCEPTS BITCOIN PAYMENT Joe Rogan, the world’s most successful podcaster and comedian may have accepted a Bitcoin payment of $100,000. ALEX MCSHANE
Joe Rogan, the world’s most successful podcaster and comedian, may have accepted a Bitcoin payment of $100,000. The podcast host and MMA commentator has talked about Bitcoin in the past on his show, and has even hosted conversations with notable Bitcoiners, but accepting Bitcoin as payment marks a definitive switch in stance on his part.
During the Joe Rogan Experience episode #1728, about 56 minutes and 30 seconds in, frequent guest and comedian Ari Shaffir boasted to fellow comics Mark Normand and Shane Gillis on behalf of their friend, “Joe got a deal for over $100,000 dollars,” Shaffir said.
“It’s not American money,” Joe deflected, brushing off his fellow comics’ antics. “It’s all in Bitcoin.”
If this encounter is any indication of Rogan’s stance on Bitcoin, and if it is in fact true that he was paid over 1.5 BTC by today’s prices, the occasion marks a shift in his understanding of the world’s most sound store of value.
In the past, Rogan has dismissed Bitcoin on his show as a “ponzi scheme,” which is an opinion many form when hearing about the success of Bitcoin’s early adopters, prior to doing their homework on the composition of the leaderless, ungovernable asset.
However, one of the more captivating and humanizing traits of the internet legend is that Rogan frequently revises his opinions on topics throughout the episodes when presented with good information.
In a February 2019 episode with Twitter and Square CEO Jack Dorsey, who is an extremely active promoter of Bitcoin, Joe commented, “One of the things that’s kind of cool about the Cash App is that you can buy and sell Bitcoin with it.”
Rogan went on to ask whether Dorsey would allow other crypto currencies outside of Bitcoin to be bought and sold on the platform. Dorsey then explained to Rogan how Bitcoin will become the native currency of the internet, the trials that have strengthened it, and what is likely to propel Bitcoin to becoming a global store of value and reserve asset.
During that episode with Dorsey, Rogan for perhaps the first time since hosting early episodes with OG Bitcoin advocate and educator Andreas Antonopoulos, talked about Bitcoin seriously as a disruptive technology. “This is another step towards a new way of doing things,” he remarked at the time. In the past he has cited popular Bitcoin educators such as Max Keiser on the show, at times displaying something more than a surface-level interest.
Joe Rogan’s acceptance of Bitcoin on any scale will be celebrated by people who have Bitcoin by sheer virtue of his reach, which is in some ways unquantifiable. It is estimated his podcast reaches over 11 million people per show. Over the years he has brought considerable influence and unprecedented attention to the arts of Brazilian Jiu Jitsu, Muay Thai, Boxing, MMA, elk hunting, archery, biohacking, comedy, health and fitness, self improvement, clean eating, and podcasting in general.
One can only hope Rogan will continue to research Bitcoin, come to understand the fundamental differences between it and the other crypto securities, and share his Bitcoin journey with the world.
Kraken predicts $96K BTC price top as analyst says $1T Bitcoin market cap is ‘now cemented’ It may not even get to November’s “worst-case scenario” close, but Bitcoin clearly has upside ahead of it, historical data shows. WILLIAM SUBERG 12 HOURS AGO
Bitcoin (BTC) could nail the now-popular $98,000 price target — but it could end up being the cycle top, new research argues.
In its “October 2021 Market Recap & Outlook,” major United States exchange Kraken said that Bitcoin should reach around $96,000 if this quarter copies the last bull run.
Copycat Bitcoin may top out below $100,000
With BTC price predictions reaching $300,000, the new analysis from Kraken suggests that if BTC/USD were to copy its 2017 performance, this cycle’s top could end up still being under $100,000.
While facing calls for a “worst-case scenario” November closing price of $98,000, it could be that Bitcoin ends up peaking at around that level instead.
“At the current pace, 4Q is trending most similarly to 4Q2017 with a correlation of 0.88. It should be noted that 4Q2017 went on to become Bitcoin’s third best 4Q on record with a return of +220%,” Kraken wrote.
“Assuming BTC continues to follow in the footsteps of 4Q2017, we could expect BTC to rally even higher into month end. For some context, a +220% in 4Q2021 would imply a price of $96,355 for BTC.”
The report also noted that November historically tends to be more volatile, as well as deliver the largest monthly returns.
A separate prediction involved Bollinger Bands and Bitcoin’s relative strength index (RSI).
“Historically, BTC’s cycle tops have coincided with BTC hitting both its upper Bollinger band AND the 1-month relative strength index (RSI) hitting a reading of 96,” it added.
Currently at 71.7, the RSI thus has room to grow in line with spot price action. As Cointelegraph reported, the metric is responsible for some of the loftier BTC price predictions for this cycle.
The upper Bollinger Band, meanwhile, currently gives a reading of around $112,000.
$1-trillion asset class is here to stay
Should Bitcoin’s current run stall at significant resistance near $70,000, a dip may not cost bulls more than around 20%.
Related: ‘Resistance is futile’ — 5 things to watch in Bitcoin this week
Looking at the cost at which every Bitcoin changed hands, analyst Willy Woo concluded that the $50,000–$60,000 zone is more than solid enough as support.
“Bitcoin as a $1T asset class IMO is now cemented; hard to see it dropping below this zone,” part of his comments on Monday read, alongside data from on-chain analytics firm Glassnode.
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