DeAndre Cortez Way, better known as Soulja Boy, recently shared his views on the current state of Bitcoin (BTC).
Soulja Boy, the American rapper who is best known for his singles “Crank That” and “Kiss Me Thru the Phone” is back on the spotlight again.
In an exclusive interview with Cheddar, the controversial Chicago-born hip-hop artist gave extremely bearish remarks for Bitcoin. He said that the flagship cryptocurrency’s glory days are over and he doesn’t have any praises for it anymore. The artist added that it was time to discard the so-called digital currency. According to his statement, Bitcoin is not an investment but a gamble.
“It’s a gamble. You’re not going to get the same returns as you would if you had gotten in on it early because it became mainstream and everybody knows about Bitcoin now.”
Soulja Boy now advises people to invest in niche markets such as cannabis stock, electric cars, and e-sports
Soulja Boy dedicated a song to Bitcoin
It’s worth remembering that Soulja Boy was one of the crypto industry’s proponents in the past. Before he made a U-turn, the famed rapper had released a banger titled “Bitcoin”.
In the track, the former Grammy Award nominee boasts about the money he has allegedly invested in Bitcoin. And If the lyrics contained in the song are to be believed, the singer invested $6000 in Bitcoin and supposedly made 100 racks ($100,000). Here is the song’s chorus:
“I made 100 racks off of Bitcoin (bit)
You can catch me trapping with the Bitcoin (bit)
You can catch me running up the Bitcoin (yeah)
I spent 6,000 on the Bitcoin
Bitcoin, Bitcoin, I got big coins, big coins (yeah)
Big coins, I got big coins”
In the song, the rapper added that he regularly transfers Bitcoin and Litecoin via PayPal. This is evidently not true as it has never been possible to transfer Bitcoin via PayPal.
Image from Flickr.