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Cryptocurrency News Articles

Joe Rogan's Bitcoin Stash: HODLing for a Decade, Reflecting a Mammoth 30417.4% Upside

Nov 28, 2024 at 03:03 pm

Way back in April 2024, Rogan publicly shared details of his Bitcoin address. Looking up the address on mempool—a site that tracks Bitcoin

Joe Rogan's Bitcoin Stash: HODLing for a Decade, Reflecting a Mammoth 30417.4% Upside

Joe Rogan's Bitcoin (CRYPTO: BTC) Holdings Revealed, Showing Massive Gain, But…

Rogan first mentioned Bitcoin on his podcast more than 10 years ago, in 2013. At that time, the digital asset traded at $123.

Rogan's stash of Bitcoin is now valued at over half a million dollars, a massive gain from the initial investment. However, some observers believe Rogan may have lost access to the Bitcoin due to the extended period of inactivity.

Rogan has remained a staunch supporter of Bitcoin over the years, calling it the "real fascinating cryptocurrency" in a recent podcast episode with OpenAI co-founder Sam Altman.

Rogan believes that Bitcoin has the highest potential of becoming a "universal viable currency."

Rogan's interest in Bitcoin spans over a decade, with his first mention of the cryptocurrency on his podcast in 2013, when BTC was trading at $123.

Rogan's Bitcoin Holdings: Rogan's Bitcoin holdings were revealed after he publicly shared his address in April 2024. A search of the address on mempool, a platform that tracks Bitcoin transactions and block movements around the clock, showed a balance of 5.243 BTCs.

At current market prices, the value of Rogan's Bitcoin holdings is around $502,011. Notably, Rogan hasn't spent any of the Bitcoin in over a decade.

When the Bitcoin was initially acquired, it was valued at $1,645, indicating a substantial gain of 30417.4%.

An analysis of the balance history reveals a gradual increase in holdings beginning in late April, around the time Rogan went public with his address. By December of the same year, the balance had risen to 5, after which it began to plateau. Since then, it has stabilized around the 5.24 level.

Rogan's enduring interest in Bitcoin was evident in a recent episode of The Joe Rogan Experience podcast, where he discussed the apex cryptocurrency with OpenAI co-founder Sam Altman.

Rogan expressed his belief that Bitcoin is the "real fascinating cryptocurrency" and the one most likely to become a "universal viable currency."

Rogan first mentioned Bitcoin on his podcast in 2013, when it was trading at $123. The renowned podcaster and comedian has played a significant role in introducing Bitcoin to a broader audience.

News source:www.inkl.com

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