Joe Rogan has the biggest podcasting platform on the planet. When having such a massive reach, you definitely need to be careful of what you say. There is a certain amount of responsibility that you need to take for your words. Joe Rogan is a guy that doesn’t care about all that. He shares misinformation on his podcast constantly. However, this time, while speaking about crypto, he gets a massive reaction from the Crypto community.
Peter Zeihan, an American Geopolitical analyst, recently guested on the Joe Rogan Experience Podcast. During the lengthy conversation, he spoke about crypto and Bitcoin in particular, claiming that it doesn’t have an intrinsic value. He branded the crypto market a ‘hot dumpster fire’. He also told that the current lower crypto price seems ‘more appropriate’ than before. Having this in mind, he predicted that the price will plummet and go down by another $17k as well.
Joe Rogan And Peter Zeihan Enrage The Crypto Community By Sharing Misinformation
For context, the current price of Bitcoin is $17 424 per coin. So what Joe Rogan and Peter Zeihan say is that cryptocurrency won’t exist in a short period of time.
“The craziest thing about Bitcoin is that there will never be more than X number of units of Bitcoin. By default, it means it can’t be used for trade.” – Zeihan told Joe Rogan. “The whole idea of economic activity is that there’s expansion. This means you need more currency to lubricate and manage that expansion.”
However, this time, the Bitcoin community members won’t have it. People reacted in response to the geopolitical analyst. In general, the comments are that Peter Zeihan doesnt know what he is speaking about. That as a geopolitical analyst should only comment on stuff that is in his expertise. The comments he made suggest that he doesn’t have an elementary understanding of the crypto white paper.
Alex Stanczyk, a Bitcoin executive also hopped in on the critic train. He wrote that the ‘so-called expert’ doesn’t have a clue what he is speaking about.
“Almost every single thing this ‘expert’ said in this short span of time is complete nonsense.” – Alex Stanczyk’s tweet reads.
Jeff Ross, a founder of the Vailshire Capital Management hedge fund also didn’t hesitate to criticize Joe Rogan and Alex Stanczyk.
“Three critical errors in Peter Zeihan’s logic that I see: 1. To be valid, money must be created and controlled by a central authority. 2. Scarce money limits human productivity and economic expansion. 3. #Bitcoin and #crypto are interchangeable.” – Jeff Ross said.
This is not the first time that Joe Rogan has someone speaking about crypto on his podcast. He also expressed his stance on crypto several times. Mainly, he brags about not owning any crypto and says that he doesn’t believe in the ‘fictional currency’.
