Joe Rogan Holds Onto Bitcoin Stash for Nearly a Decade
Famous podcaster Joe Rogan has held onto his Bitcoin (BTC) stash without selling any, as revealed by on-chain data dating back nearly a decade. Back in 2014, Rogan shared his public Bitcoin address over social media and has received 468 transactions since then, but hasn’t spent any of it.
Possible Scenarios for Rogan’s Bitcoin
This finding could mean one of two things. Rogan may be steadfastly holding onto his Bitcoin or he may have lost the private key necessary to access his wallet. Jameson Lopp, a well-known figure in the crypto community, suggested that Rogan may have lost the key.
Wallet Technology and Bitcoin Value in 2014
The latter scenario wouldn’t be surprising considering that wallet technology was still in its early stages in 2014. Additionally, Bitcoin wasn’t as valuable back then, trading at around $829 per coin when Rogan received his first transaction.
Rogan’s Bitcoin Accumulation
Rogan accumulated most of his coins in 2014, totaling 5.24 BTC worth $226,295 at today’s prices. While this amount may seem significant, it is relatively modest compared to Rogan’s recent business deals, such as his $250 million multiyear deal with Spotify.
Rogan’s Views on Cryptocurrencies
Rogan has hosted Bitcoin-focused podcast episodes and expressed optimism about cryptocurrencies in the past. However, he hasn’t done a deep dive on the subject since 2016. He mentioned Bitcoin and Ethereum as the most talked-about cryptocurrencies and suggested that the U.S. government fears Bitcoin’s decentralized nature.
Rogan’s Stance on NFTs
While Rogan has shown interest in cryptocurrencies, he is not a fan of NFTs. He believes that having a digital photo on his phone is sufficient and doesn’t see the need for owning NFTs.
Hot Take: Joe Rogan’s Long-Term Bitcoin HODL
Joe Rogan has held onto his Bitcoin stash for nearly a decade, with no signs of selling. His accumulation of over 5 BTC shows his long-term commitment to the cryptocurrency. While he may have lost the private key to his wallet, it’s also possible that he is simply holding onto his Bitcoin as a store of value. Regardless, Rogan’s interest in cryptocurrencies and his positive outlook on their future suggest that he recognizes their potential. As one of the most influential podcasters in the world, Rogan’s views on Bitcoin and other cryptocurrencies can have a significant impact on their adoption and mainstream acceptance.
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