Dennis Rodman and Potcoin: How Crypto Gatecrashed a Historic Summit

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With all eyes on Singapore this week, was it any shock crypto would make an look?

The historic summit between U.S. President Donald Trump and North Korea’s Supreme Chief Kim Jong Un bought the crypto neighborhood’s consideration – and held it – due to Dennis Rodman and the infamous cryptocurrency that funded his journey to Singapore, potcoin.

CoinDesk reported on June 7 that retired basketball star Dennis Rodman was headed to Singapore for the Summit with the assistance of the marijuana-themed cryptocurrency. As a celeb who’ve visited North Korea a number of instances, Rodman’s journey was thought of as “a celeb twist” to the historic geopolitical occasion.

In line with The Washington Put up, Rodman was “in discussions with” the group behind potcoin final week to get monetary assist for the journey. He later formally confirmed the information on Twitter highlighting the actual fact his journey was sponsored by the group:

In truth, it’s not the primary time that potcoin has helped Rodman along with his travels.

Simply final yr in June, the previous Chicago Bulls star went again North Korea by way of potcoin’s sponsorship. On the time, the value of cryptocurrency spiked as Rod introduced the information on Twitter in a “potcoin” t-shirt and a baseball cap.

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Launched in 2014, potcoin claims it’s “the primary digital forex created to facilitate transactions inside the legalized hashish business” on its web site. By which, it implies that it offers marijuana dispensaries and farmers an alternative choice to different monetary establishments like a financial institution after they commerce.

And that leads us to the day when now we have Rodman, crying, on CNN from Singapore carrying a “Make America Nice Once more” hat, and it makes the crypto world look no worse than ever.

Oh yeah, he was additionally carrying a potcoin shirt.

Good for potcoin?

Shawn Perez, a potcoin spokesman, informed The Put up that the journey can be a “peace mission,” however many suspected it was purely a visit to advertise potcoin’s model.

ESPN reporter Darren Rovell tweeted that the promoting Rodman garnered for potcoin within the second was price $four.1 million.

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Although Virginia Heffernan, editor at WIRED, thinks the promoting would solely have counterproductive impact. Potcoin is, in spite of everything, attempting to disrupt funds (an actual business).

2018 jumps the shark?

For many of Twitter customers, although, it was only a bizarre second that’s actually, actually, actually onerous to digest.

As it’s now, the value of potcoin, which is ranked No. 315 on CoinMarketCap, spiked within the final 24 hours, in keeping with ConMarketCap’s information.

Picture through Twitter

The chief in blockchain information, CoinDesk is a media outlet that strives for the best journalistic requirements and abides by a strict set of editorial insurance policies. CoinDesk is an impartial working subsidiary of Digital Forex Group, which invests in cryptocurrencies and blockchain startups.

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