Bitcoin Similar to Early Internet: Joe Rogan
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Free Crypto Signals Channel
Free Telegram Channel
The Joe Rogan Experience is one of the world’s most listened to podcasts, boasting millions of daily listeners. The podcast has a back catalog of over 1,800 episodes, all with millions of views. In February, Spotify signed an exclusive deal worth $200 million for The Joe Rogan Experience, giving the music platform the sole right to the podcast.
Rogan noted in his Tuesday session that “I think about Bitcoin the same way I think about the early internet.” Explaining that the technology caught the government off-guard, the celebrity podcaster noted:
“Now, it’s a viable form of currency. You can actually buy things with it. I think the government is freaking out.”
Rogan further noted that he expects the government would try to stifle the industry, drawing similarities to how the Obama administration tried to censor the internet. However, he stated that “it fell apart because people were furious and uproared, and they thought the political repercussions of it were not worth it … so they backed off of it.”
Rogan also noted that he expects the government to introduce a centralized digital currency as China did with its digital yuan. The podcaster asserted:
“They are going to try to implement a digital currency — a centralized digital currency that they can control.”
Key Bitcoin Levels to Watch — May 5
After recording its highest single-day candle close since March 9, Bitcoin now shows some bullish exertion around the $40K top. However, the benchmark cryptocurrency needs a push above the $41K pivot ceiling in the near term to close the window on a bearish correction below $37K.
That said, BTC needs to hold its position near the $40K mark and attract more buyers over the coming days. In the meantime, a consolidation between $40K and $39K, as the search for a bullish impulse brew, should prevail in the coming days.
Meanwhile, my resistance levels are at $40,000, $41,000, and $42,000, and my key support levels are at $39,000, $38,000, and $37,000.
Total Market Capitalization: $1.79 trillion
Bitcoin Market Capitalization: $752.1 billion
Bitcoin Dominance: 41.9%
Market Rank: #1
You can purchase Lucky Block here. Buy LBlock
