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Blog

Date:
26th Oct 2020
Author:
CryptoAltum Research Team

Bitcoin is the True American Liberator

Kanye West, the American Rapper and a U.S. Presidential candidate, in a recent podcast, said Bitcoin is the true liberator. The controversial rapper is pro-crypto and has on several occasions in the past rooted for Bitcoin, talking about its benefits compared to the existing financial rails. BTC mentions by the popular rapper is a huge awareness boost considering his huge following and influence.


Details: 

The Bitcoin price could be a hot topic at the moment but behind price is the true utility of the coin. Compared to the USD, a fiat currency the Winklevoss Twins complains of being mismanaged, Bitcoin has a finite supply and is controlled by mathematics without any middleman who can hit the money printers like what central banks are presently doing in their desperate attempts to mitigate the effects of the Coronavirus Pandemic. Kanye’s Bitcoin talk helps in driving awareness. Along the way, there will be adoption and this conversion creates a positive circle, beneficial for crypto as a whole.


Impact on the BTC Price: 

Bullish. Kanye West is pro-crypto and Bitcoin. This is not the first time he’s talking about crypto and its benefits. However, his mention is significant considering its timeliness. The economy is in tatters, institutions are flocking to crypto, and there is an upcoming US presidential election in which a lot is at stake.


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