Musical artist Drake made a lyrical reference to Bitcoin (BTC) in a new song released on Saturday titled “What Did I Miss?”

The hip-hop artist previously wagered $1 million in BTC on the outcome of the 2022 Super Bowl, the championship American football game, between the Cincinnati Bengals and the Los Angeles Rams.

Drake’s reference to Bitcoin, and the hallmark volatility of the supply-capped asset, appears in the first verse of the song:

“I look at this shit like a BTC, could be down this week, then I’m up next week. I don’t give a fuck if you love me. I don’t give a fuck if you like me. Askin’ me ‘How did it feel?’ Can’t say it didn’t surprise me.”

References to Bitcoin in songs, long-running television shows, and other popular art forms signal the digital asset is growing in popularity, as it breaks into mainstream culture and inches toward mass adoption.

Related: Samson Mow wants Bitcoin in ‘all of Europe,’ receives invite to France

When will Bitcoin mass adoption finally happen?

In 2022, Bitcoin mining hardware provider Blockware predicted that global adoption would hit 10% by 2030. The company based its forecast on the adoption curve of previous paradigm-shifting technologies including automobiles, electricity, and the Internet.

River, a BTC financial services company, released a report in March 2025 showing that approximately 4% of the global population holds BTC, and the digital currency still accounts for less than 1% of its total addressable market in terms of adoption.

The report also found that developed nations tended to have higher rates of adoption than developing countries.

Institutional Bitcoin adoption has been a major theme of the current market cycle, with companies like Strategy and Metaplanet reorienting themselves to become Bitcoin treasury companies.

Other institutions have taken on small amounts of Bitcoin to protect their corporate reserves from inflation, hedge against geopolitical risks, and protect against the fragmentation created by de-globalization.

Bitcoin investment vehicles, including exchange-traded funds (ETFs), have been major drivers of institutional and retail exposure to Bitcoin, which remove the technical barrier to entry of self-custody and onchain transactions.

Magazine: Baby boomers worth $79T are finally getting on board with Bitcoin

]]> https://earlybirdsinvest.com/drake-mentions-bitcoin-in-new-song-what-did-i-miss/feed/ 0 46010 https://earlybirdsinvest.com/crypto-in-gamble-mindset-as-memecoin-mentions-hit-ytd-high-santiment/ https://earlybirdsinvest.com/crypto-in-gamble-mindset-as-memecoin-mentions-hit-ytd-high-santiment/#respond Fri, 02 May 2025 06:18:23 +0000 https://earlybirdsinvest.com/crypto-in-gamble-mindset-as-memecoin-mentions-hit-ytd-high-santiment/

Online discussions about memecoins have hit a year-to-date high, gaining considerable attention after sentiment cooled earlier in the year, according to onchain analytics platform Santiment. 

Two weeks ago, discussions around Bitcoin (BTC) and layer-1 protocols peaked during the market volatility brought on by the Trump administration’s sweeping tariffs. However, that’s since shifted to high market cap memecoins, Santiment marketing director Brian Quinlivan said in a May 1 blog post.

“Online discussions about these high-risk tokens have proliferated as traders embrace a gamble mindset, rather than a calculated investment approach,” he said.

“This is a telltale sign that traders are increasingly investing based solely on speculation and short-term gains,” Quinlivan added.

Quinlivan said the overall crypto market rose 10% in the past eight days, but Bitcoin only gained 7%, which indicates traders are flocking to more speculative assets.

“Any time Bitcoin leads an initial rally and then begins to move sideways, investors generally start taking bigger risks in hopes of scoring even higher returns through more speculative and riskier purchases,” he said.

Dogecoin discussions spike on ETF news

In particular, Dogecoin (DOGE) has seen a notable spike in positive crowd sentiment after a major decline in crowd interest during April, as various applications for DOGE exchange-traded funds were filed in the US.

Despite the Securities and Exchange Commission delaying its decision on these filings until mid-June, Quinlivan says traders are in a state of cautious anticipation.

“Until late April, DOGE had been on a major decline in terms of crowd interest. But its social dominance has spiked to its highest level in nearly three months, as the conversations and filings surrounding Nasdaq’s ETF listings have risen,” he said.

DefiLlama data shows PumpSwap, the decentralized exchange of the memecoin launch platform Pump.Fun saw a spike to $11 billion in monthly trading volume during April after recording only $1.7 billion in March.

Related: Crypto token failures soar, with 1 in 4 launched since 2021 dying in Q1: CoinGecko

Meanwhile, Pump.Fun’s monthly trading volume rose to $3.3 billion in April, up from $2.5 billion in March.

Memecoin activity exploded after the launch of US President Donald Trump’s memecoin on Jan. 18, with Pump.fun usage recording a high of $3.3 billion in weekly trading volume.

However, traders soon cooled on memecoins. CoinGecko founder Bobby Ong said in a March 6 report that memecoin investor interest dropped after a series of bad launches, noting the fallout from the Libra (LIBRA) token launch in February as a significant catalyst. 

Magazine: Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: Asia Express

]]> https://earlybirdsinvest.com/crypto-in-gamble-mindset-as-memecoin-mentions-hit-ytd-high-santiment/feed/ 0 33932 https://earlybirdsinvest.com/goldman-sachs-mentions-crypto-in-shareholder-letter-says-tech-raising-competition-in-banking-industry/ https://earlybirdsinvest.com/goldman-sachs-mentions-crypto-in-shareholder-letter-says-tech-raising-competition-in-banking-industry/#respond Sun, 16 Mar 2025 21:46:44 +0000 https://earlybirdsinvest.com/goldman-sachs-mentions-crypto-in-shareholder-letter-says-tech-raising-competition-in-banking-industry/

The financial services giant Goldman Sachs is telling shareholders that its competitors are now offering crypto products and services that the bank doesn’t.

In its 2024 Annual Report, Goldman Sachs says in some circumstances, rival firms are offering products that clients may prefer, such as specific digital assets, which Goldman cannot or choose not to provide.

According to the bank, the competition could help create better experiences for clients.

Goldman Sachs goes on to say that blockchain and artificial intelligence (AI)-based technologies have enhanced rivalries within the banking industry.

“The growth of electronic trading and the introduction of new products and technologies, including trading and distributed ledger technologies, such as cryptocurrencies, and AI technologies, has increased competition.”

The financial services titan also says it is “exposed to risks” through various activities involving digital assets due to the potential of cyber security incidents.

“Additionally, although the prevalence and scope of applications of distributed ledger technology, cryptocurrency and similar technologies is growing, the technology is nascent and may be vulnerable to cyber-attacks or have other inherent weaknesses.

We are exposed to risks, and may become exposed to additional risks, related to distributed ledger technology, including through our facilitation of clients’ activities involving financial products that use distributed ledger technology, such as blockchain, cryptocurrencies or other digital assets, our investments in companies that seek to develop platforms based on distributed ledger technology, the use of distributed ledger technology by third-party vendors, clients, counterparties, clearinghouses and other financial intermediaries, and the receipt of cryptocurrencies or other digital assets as collateral.”

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United States President Donald J. Trump shared two articles about Ripple on his Truth Social platform, igniting speculation over the potential implications for both Ripple and its native token, XRP. The posts—apparently referencing a so-called “Trump effect” on the company—came in quick succession, raising eyebrows among industry observers who have long tracked Ripple’s high-profile legal battles and global expansion.

Why Has Trump Mentioned Ripple?

On Truth Social, President Trump posted two separate pieces about Ripple back-to-back: From CoinDesk (January 6): “Ripple’s Garlinghouse Touts ‘Trump Effect’ Amid Bump in US Deals,” and from The Block (January 5): “Ripple CEO Says 75% of Open Roles Are Now US-Based Due to ‘Trump Effect.’”

In both articles, Ripple CEO Brad Garlinghouse highlighted a notable shift in the company’s US fortunes following Trump’s reelection in November 2024, referring to this shift as the “Trump effect.” According to Garlinghouse, Ripple saw a surge in domestic business deals in late 2024—an amount he claimed surpassed what the company had secured in the previous six months. He attributed this upswing to a changing regulatory environment and renewed optimism due to the Trump administration.

Garlinghouse also disclosed that 75% of the company’s new job openings are currently US-based—an about-face compared to previous years, when the bulk of Ripple’s clients (and consequently its hiring focus) were overseas due to mounting regulatory pressure at home. Notably, Garlinghouse retweeted a post by @BankXRP on X, which drew attention to President Trump’s Truth Social posts.

Donald Trump posted two articles about ripple on TruthSocial back to back

Link https://t.co/oLJ6alv3Qd pic.twitter.com/cxulCNRiQ8

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) February 19, 2025

Despite the sudden spotlight, it remains unclear why Trump chose to share both articles in quick succession. The president is known to celebrate the term “Trump effect” in various contexts, highlighting what he views as the success of his policies across industries.

Just two days prior to these Truth Social posts, on February 17, 2025, the White House released a press statement headlined “Trump Effect Shows No Slowdown.” It read in part: “In his first month back in office, President Donald J. Trump has taken extraordinary action to usher in a new Golden Age of America – through border security, deregulation, government accountability, and leveling the playing field for American workers, to name a few. The positive effects of President Trump’s policies continue to be felt across the country.”

However, neither the broader crypto industry nor Ripple was mentioned there. Instead, the release listed several headlines purportedly reflecting these policies, including potential automaker relocations from Mexico, expansions in steel manufacturing in Ohio, and significant changes in immigration flows along the US border. In one of the more striking entries, it noted: “DOGE Discovers $1.9 Billion HUD Money ‘Misplaced’ By Biden Administration”

At press time, the XRP price wasn’t reacting to the news at all. and stood at $2.60.

Featured image from X, chart from TradingView.com