Bitcoin Gets Mentioned In Eminem’s New Album Kamikaze
Public awareness is a highly sought-after commodity among cryptocurrencies, as it has the ability to influence markets. Bitcoin has just gotten another piece with a celebrity mention in Eminem’s new album.
Bitcoin gets celebrity mention
Pioneer cryptocurrency, Bitcoin (BTC) continues to enjoy dominance with a new mainstream mention from U.S. rapper Ryan Daniel Montgomery, better known as Royce Da 5’9,’
Forbes reported on August 31 that the U.S. rapper mentioned Bitcoin in a track featured on Eminem’s new album “Kamikaze”.
Kamikaze is Eminem’s tenth studio album coming just eight months after his last full-length project, Revival, and he announced the launch of the new album in a tweet Friday, August 31, without much-preceding promotion.
The largest cryptocurrency was mentioned in “Not Alike,” the ninth track on the new album. In the song, Royce Da 5’9’ sings:
“Remember everybody used to bite Nickel, now everybody doing bitcoin.”
Impact of the mention
Since the rise of cryptocurrencies, con artists have devised ways to use revolutionary technology to carry out their activities due to the anonymous nature of digital assets.
Cryptocurrencies have been used for malicious activities, with most mainstream portrayals the following suit. In the 2015 American comedy-drama movie, Dope, the main character sells drugs online using Bitcoin.
Due to the wrong portrayal of cryptocurrencies, they have been viewed as a threat in some countries, leading to an outright ban in some parts of the world. However, the mention in Not Alike paints an entirely different picture.
Forbes describes the rather simple line as an important sign of Bitcoin’s presence in mass culture, further noting that cryptocurrency has a range of use cases beyond criminal as is popularly portrayed.
Forbes wrote in its report:
“The mention on Eminem’s album is significant however as it suggests not a get rich quick scheme nor a way to sell illicit goods online, but rather something that “everybody [is] doing” — that it’s as common as knowing you bite the metal coin to test its quality.”
Bitcoin and public awareness
Public awareness played a major role in the success of Bitcoin last year as the coin rose from $1,000 at the beginning of the year to almost $20,000 as the year ended.
Policy advisor at the Dutch National Bank and economist Joost Van Der Burgt, a, has found through a research that Bitcoin price movements align very closely with Google searches.
According to Van Der, as the awareness of Bitcoin and other cryptocurrencies grow, so would their prices, which means that there is still a lot of room for growth of the nascent industry. Van Der Burgt said:
“If the buzz is everywhere, it doesn’t matter exactly what the news is about… NOBODY wants to miss out and everybody’s trying to get a piece of it.”
In an interview, Van Der told CNBC that the correlation between Google searches for Bitcoin and the price growth was almost a “perfect match” until the end of 2017.
Cryptocurrencies have been receiving the much needed popular awareness, recently, hip-hop artist, Young Dirty Bastard announced the launch of his own cryptocurrency.
Over the last couple of months, the cryptocurrency industry has seen increased interest from not only celebrities but also from institutional investors.