Bitcoin has increased more than 580 % since Joe Rogan Guest claimed that she “has no fundamental value”
When geopolitical analyst Peter Zhehan back on Joe Rogan experienceHe occupied the headlines of the Bitcoin invitation, which is mainly worth, saying that he had “no fundamental value” and was “actually worth $ 1,000”.
At that time, Bitcoin was about $ 16,000 on January 7, 2023.
“It contains another $ 17,000 to drop,” Zihan said during the podcast. “There is no fundamental value for this product.”
He said that the rise of encryption was more ideological than financial. He added: “Whenever you invested based on an ideology, you will make some absolute decisions a little of mathematics.”
Zihhan described the encryption movement as a rooted belief system in decentralization:
“People who love Crypto are really convinced that it is the currency of the future, and that the notebook of the decentralized professor has the way to go, and that anything controlled by a government entity is by virtue of its definition. If it is done by the private sector freely, it will be better. This is not just a currency.”
Quickly forward, Bitcoin challenged these expectations. As of May 2025, it is now traded at $ 109,449 – over 580 % since Zehan’s comments. The narration around BTC has turned dramatically, with institutional adoption now leads a new wave of momentum.
Bitcoin height coincided with a series of historical monuments. In early 2025, the launch of the Spot Bitcoin Etfs was the first ETF player’s success in the history of the United States, representing billions of dollars in retail and institutions. The sovereign wealth boxes, which were cautious in digital assets, are now using BTC as a macro hedge alongside traditional backup assets.
Meanwhile, the idea of strategic bitcoin reserves is gaining traction. Companies and even some governments began to deal with bitcoin not only as a speculative investment, but as a critical layer of financial flexibility, especially in a world that is increasingly formed by revealing the currency, inflation and geopolitical fragmentation.
Zihan’s criticism was based on a moment of chaos in the industry, with the FTX collapse still new in the main headlines. But the current performance of Bitcoin, along with the increasing institutional confidence, indicates that the original has evolved to its ideological roots.
Distinctive image via Shutterstock
