Popular rap star Drake promotes Bitcoin among 146 million people
Drake shared a video of Bitcoin bull Michael Saylor in which Saylor talked about Bitcoin (BTC)
Drake, whose real name is Aubrey Drake Graham, is a Canadian rapper, singer, songwriter, actor, and entrepreneur. He gained recognition initially for his role as Jimmy Brooks on the TV series “Degrassi: The Next Generation” before transitioning to music.
On 13 March 2024, Rap star Drake shared a video clip on his Instagram account of Microstrategy former CEO Michael Saylor’s interview with CNBC in which he talked about Bitcoin (BTC).
Drake has 146 million Instagram followers and this is a very big thing for Bitcoin amid the bull sentiments.
It is worth it to note that Drake is no stranger to the world of cryptocurrency. He’s currently an ambassador for the crypto gambling platform Stake and has been spotted placing Bitcoin bets on significant events like the 2024 Super Bowl.
Bitcoin vs Gold
As we know, the trade price of Bitcoin surged rapidly in the last 8-9 months and recently hit a $73k price level, a new all-time high for BTC.
Amid the increasing popularity & trend among investors, many Bitcoin proponents speculated that Bitcoin is going to eat Gold’s market, as recently Bitcoin spot ETF market surpassed the Silver market.
By addressing such speculations, Saylor also said that Bitcoin is going to eat Gold, as we can teleport digital gold (Bitcoin) from New York to Tokyo in a few minutes.
Saylor also talked about the upcoming Bitcoin halving event and called it an important development. In the last few weeks, many people talked about the supply & demand of Bitcoin ahead of the halving event.
The former Microstrategy CEO anticipates that this surge in Bitcoin numbers will persist until November 2034, coinciding with the projected completion of 99% of Bitcoin mining. This milestone will trigger scarcity due to the capped supply, heightening competition among investors.
By explaining this fact, he said that the majority of the big & small players will accumulate Bitcoins between 2024 to 2034 and after that it will not be easy.
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