10 hours ago
Drake’s latest track, “What Did I Miss,” features lyrics astir betrayal, luxury, and bitcoin. The rapper compares fickle friends to the cryptocurrency’s rollercoaster terms moves, saying helium looked astatine it “like a BTC”: “Could beryllium down this week, past I’m up adjacent week.”
It’s not the archetypal clip bitcoin has appeared successful Drake’s orbit. In the past fewer years, the Canadian superstar has go 1 of crypto’s astir disposable personage assemblage members.
The rapper shared a clip of Michael Saylor connected his Instagram account, which astatine the clip had implicit 146 cardinal followers, wherever Strategy’s co-founder said bitcoin would “eat” gold.
He’s besides dropped more than $1 million worthy of bitcoin connected losing bets for the Dallas Mavericks and Edmonton Oilers, with different high-profile punts connected UFC fights and Formula One races.
Drake’s betting show has inspired memes calling it the “Drake Curse,” referencing losses successful the teams and athletes helium bets on. The rapper addressed that curse, telling fans he’s conscionable a “flawed sports bettor.”
Yet Drake isn’t conscionable rolling dice. He has partnered with crypto gambling level Stake, successful a concern that’s reported to beryllium worthy $100 cardinal annually.
Outside the casino lights, Drake has made crypto investments successful firms, including MoonPay and brandished hardware wallets connected societal media.
Interestingly, Drake’s motion to bitcoin’s volatility comes astatine a clip that’s being interpreted arsenic the calm earlier the storm. Deribit’s bitcoin volatility scale (DVOL) has, successful fact, dropped to a adjacent two-year debased astatine 38.
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