Twitter CEO Jack Dorsey set the internet alight during his recent interview on the Joe Rogan Experience, when he boldly stated that Bitcoin could become the native currency of the internet.
Dorsey’s words must have been music to the ears of most Bitcoin and cryptocurrency enthusiasts – with the exception of Roger Ver and the outcasts of 2017.
However, Dorsey’s role as a multi-billionaire CEO likely doesn’t allow for a day off, and there’s every reason to believe that his Bitcoin push was at least partly motivated by financial self-interest.
Meanwhile, the episode was one of the most downvoted videos ever uploaded to YouTube by JRE, as commenters took issue with Rogan’s failure to take Dorsey to task over recent instances of censorship on Twitter.
The Cash App by Square is listed among the many sponsors of the Joe Rogan podcast, and Dorsey’s appearance – coupled with the perception that Rogan ‘went easy on him’ – prompted increased scrutiny of that business relationship.
General hearsay suggests the Cash mobile app is one of the largest sponsors of the podcast, and that’s a very real possibility given the price of advertising real-estate in the cryptocurrency and finance space in general.
Unconfirmed speculation suggests it costs Square $300,000 per month to advertise its app on JRE – just over $3.5 million per year. Skeptics say this explains Rogan’s reluctance to ask Dorsey any hard questions relating to political censorship.
In a version of what could have been an SEC enforcer’s wet-dream, we have the CEO of a Bitcoin-specific payment app talking up the potential of Bitcoin, on a podcast which he also pays to advertise said payment app.