In the most recent episode of the Joe Rogan Experience podcast, Rogan expressed his optimistic view of Bitcoin, asserting that he believes it has the potential to evolve into a global currency. He described BTC as the most intriguing cryptocurrency and emphasized its strong prospects for universal adoption. While conversing with Sam Altman, the founder of OpenAI, Rogan stated, “That’s the cryptocurrency most likely to become a universally accepted and functional currency.” Bitcoin currently holds the top position among cryptocurrencies in the market. As of the latest update, its trading price stands at $27,960.47.
Rogan finds Bitcoin’s limited supply and the fact that it can be mined by people particularly fascinating. He also highlighted individuals who incorporate BTC into their daily lives, citing Andreas Antonopoulos, a tech entrepreneur from Greece, as an example of someone successfully integrating BTC into their daily routines.
Bitcoin, as the pioneering cryptocurrency, has captivated the financial world since its inception. Moreover, it is widely recognized that a select few entities and individuals exert significant influence over this digital asset. BTC has proven to be one of the most lucrative investments of the past decade. According to Blockchain.com, out of 3,597 days, BTC has yielded profits for investors on 3,129 days.
Notably, a few years ago, Joe Rogan entered into a deal where he received a payment of $100,000 in Bitcoin.
Bitcoin Takes a Breather, Maintains $27,500 Price Level
After a notable surge beyond the $28,000 mark, Bitcoin experienced trading in the range of $27,500 to $27,800 during the current week. This consolidation phase can be attributed to various factors, including a significant 11 basis point increase in the US 10-year Treasury yield, reaching 4.8% on Tuesday, as well as traders seizing the opportunity to lock in recent gains.
Regarding potential price movements, Bitcoin faces immediate resistance levels at approximately $27,650 and subsequently at $28,000 on the upside. A decisive breakthrough above the $28,000 resistance level could potentially trigger another bullish uptrend. Conversely, if BTC fails to sustain its upward momentum, the next support level can be found around $27,400, with the possibility of further support around $27,200.
It’s worth highlighting that Bitcoin has exhibited an impressive year-to-date performance, with a substantial 65% increase, although it remains 59% below its all-time high.