Eminem Mentions Bitcoin in Lyrics on New “Kamikaze” Rap Album Music
As the U. S. rapper Eminem launches his new album “Kamikaze”, Bitcoin and the crypto world gets a boost in awareness, a sign that Bitcoin is starting to penetrate the society and it is here to stay. The token only existed in a small financial and fintech bubble for almost 10 years, but it looks like things are prone to change now.
The song that mentions Bitcoin is the ninth track of the album, “Not Alike”, which features Royce Da 5’9. During the song, Royce claims “Remember everybody used to bite Nickel, now everybody doing Bitcoin”.
Public Awareness Has Historically Made The Bitcoin Price Go Up
One of the main factors that is known to influence the price of Bitcoin is awareness. Last year the token started at a price of around $1,000 USD and it finished at $20,000 USD. However, as soon as the crypto craze started to fade, the price also fell to about $7,000 USD and it hovers on the $6,000 to $8,000 USD price range lately.
The bull run that Bitcoin had last year definitely left its mark on society. Now, film, TV and music have been showing Bitcoin, sometimes praising it, sometimes attacking and there are times, as in Eminem’s case, in which Bitcoin is only mentioned in the background.
How could it be different? Not only Bitcoin is an interesting technology, it also made overnight millionaires and caused the ire of the established financial industry. Of course, everybody was going to pay attention to it.
Some recent examples of mentions to Bitcoin in the media can be seen in Family Guy, Dope and The Big Bang Theory. On Family Guy, the main character of the show, Peter Griffin, suggests that they should buy Bitcoin as the solution for the families’ problems. In Dope, a 2015 American comedy-drama movie, a character sells drugs online using Bitcoin.
More recently, the sitcom The Big Bang Theory had the characters searching for a lost laptop which held Bitcoin that Sheldon and his friends had purchased many years ago.
However, this mention on Eminem’s new album is more significant because it does not only use Bitcoin as a means to get rich quick or to sell illegal goods online, it affirms that “everybody [is] doing” Bitcoin right now, which acknowledges just how popular the token has become in recent months.
Specialists Talk About Bitcoin
The economist Joost van der Burgt, which works as the policy advisor at the Dutch National Bank, has affirmed that the price of Bitcoin is basically driven by awareness by consulting Google searches. According to him, when people are looking for Bitcoin, the prices tend to rise, while they diminish when people stop to be interested in the subject, as we have seen on the bear market this year.
Van der Burgt affirms that the correlation between Bitcoin and Google searches was almost a perfect match until the end of 2017 and that this only changes during 2018.
According to a recent survey made by Coinbase recently, 18% of the students in the United States have owned (or still do own) Bitcoin, twice as much as the general population. This can be a good hint that cryptocurrencies will finally reach mass adoption soon.
A study from the Imperial College of London made in July states that cryptocurrencies will really become mainstream as a way to pay for goods in the next decade, as soon as these students start to become a part of the working world.
More On Eminem’s Kamikaze
The latest Eminem album not only mentioned Bitcoin but it has also attacked the U. S. president Donald Trump, which already has been targeted by Eminem before. He does it on the first track of the album, The Ringer, in which Eminem states that the president “sent the Secret Service to meet in person / To see if I really think of hurtin’ him / Or ask if I’m linked to terrorists” after he freestyled about him last year.
The album was dropped overnight without any promotion.