Long Bitcoin, Short the Bankers? Why Artist Akon Loves BTC
Akon — you know, the artist behind songs like “Don’t Like Me” and “Lonely” — is a fan of Bitcoin.
This week, the (dare I say) legendary music producer took to the “The Breakfast Club”, a prominent radio show followed by literal millions, to talk Bitcoin and cryptocurrency. And interestingly enough, he seems to have digested what makes decentralized forms of money better than their centralized counterparts. In other words, he’s “woke”.
The Currency of the People
“Cryptocurrencies are actually much more stable than fiat money” may read like any old tweet from a Bitcoin maximalist, but this was the opening declaration Akon made .
As he explains, unlike government-issued fiat money, Bitcoin is “ultimately more controlled by the people” than the dollar, having a decentralized verification model and a transparent issuance/inflation schedule.
Indeed, anyone with the proper technological capability can download the Bitcoin Core software, run a full node, and become a miner.