Renowned Rapper Soulja Boy Releases Bitcoin Rap Song on New Album

The world famous rapper Soulja Boy, is one of the first hip-hop emcees to include crypto in the title of a track with the release of his new album that contains the ‘Bitcoin’ rap song. The Chicago-based rapper has released his fourth studio album this week under his alter ego, Young Drako, which is not only making news due to its catchy hooks and unique sound but also because it has a track dedicated to Bitcoin.

The relationship between mainstream culture and crypto is one of the most fascinating developments in 2018 as celebrities, footballers, boxers and musicians are being linked to a wide spectrum of altcoins and ICO projects. Bitcoin could become the next big popular culture trend as the crypto industry takes off.

Bitcoin Rap

‘Bitcoin’ is the name of the fourth track on the Young Drako record from the chart-topping hip-hop emcee, released by the SODMG Records and Palm Entertainment labels on October 4. Although Soulja Boy might not have the lyrical dexterity or multi-syllabic rhyming skills of a Rakim, Nas or Eminem, some of the soundbites from ‘Bitcoin’ will amuse crypto fanatics.

Including references to crypto such as “I made a hundred racks ($100,0000) off of bitcoin. You can catch me running up the bitcoin,” and “I spent 6,000 on the bitcoin,” it would seem that Soulja Boy benefited from the Bitcoin boom at the back-end of 2017. Other references in the song included mentions about PayPal and Cash App, which shows the rapper might not be up to date with the latest crypto payment gateway apps and software currently in the marketplace. The rapper seems more concerned with “hoarding cheddar” than the technical nuances of blockchain.

Soulja Boy first sprang to prominence with his music video, Crank That, becoming a YouTube sensation in September 2007, which currently has over 365 million YouTube view. The single peaked at number-one on the U.S. Billboard Hot 100 and was listed by Forbes at 18 on their Hip-Hop Cash Kings List in 2010 for making approximately $7 million over the course of that year.

Rappers Waxing Lyrical About Bitcoin

Although Soulja Boy is now the first rapper to have Bitcoin in a title of a track, he is not the first hip-hop artist this year to mention crypto. Rap god and multiple Grammy winner, Eminem, referenced cryptocurrencies on his new album, Kamikaze by saying:

Remember everybody used to bite Nickel, now everybody doing bitcoin.

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Coinbase Quietly Pulls the Plug on Its Cryptocurrency Bundle Product

Francisco Memoria

The San Francisco-based cryptocurrency exchange Coinbase has quietly pulled the plug on its Bundle product, which allowed users to buy a basket of cryptocurrencies with fiat.

According to an update on its FAQ page, the cryptocurrency exchange “deprecated” the Coinbase Bundle product, and all assets in it have been “redistributed to their respective individual asset wallets.”

The move, first spotted by Crypto Briefing, is believed to have been made because the product wasn’t a profitable one. Coinbase Bundle was launched back in September of last year to make it easier for investors to gain exposure to the cryptocurrency ecosystem, through a weighted basket of the cryptocurrencies the company then offered.

This means users could use a small amount of fiat to buy bitcoin, litecoin, ethereum, bitcoin cash, and ethereum classic at once. Per the exchange itself, the bundle’s purpose was to “make buying more convenient and less overwhelming.”

At the time, the exchange also launched other features: Coinbase Learn and new asset pages.

The timing was off, however, as the product was launched during the bear market that saw the price of most cryptocurrencies drop well over 80%. Images shared on social media in December of 2018, when bitcoin hit its $3,200 low, showed investing $100 on Coinbase would’ve led to significant losses only a few months later.

As covered, Coinbase recently launched a service offering its users four free exclusive “trading signals,” in a bid to help its customers “independently create and manage their own crypto strategy.”

It’s worth noting Abra, a digital asset exchange and wallet provider,  launched a product packaging various cryptocurrencies into one at about the same time Coinbase launched its Bundle product. Abra’s product is its BIT10 token.