Roughly three months after rapper Soulja Boy paid homage to bitcoin in his fourth studio album, he is now asserting the cryptocurrency’s glory days have passed by.
The 28-year old rapper said in a recent interview how investing in bitcoin is now more of 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 know about Bitcoin now.”
Soulja Boy admitted he was bullish on hot topics like cannabis, e-sports, and electric cars. He noted an interest in creating an e-sports team and investigating potential business ventures in legalized recreational marijuana.
When it came to investing, the Chicago-based rapper expressed his affinity for the Robinhood app due to its ease of use to buy and sell stocks.
Soulja Boy Released October Album Mentioning Bitcoin
The famous rapper, who became a big hit after the release of his debut single “Crank That (Soulja Boy), referenced bitcoin in his fourth studio album that came out in October 2018.
The Young Drako record included a track called ‘Bitcoin,’ which was filled with references to the cryptocurrency world. The lyrics explain how Soulja Boy “made a hundred racks ($100,0000) off of bitcoin,” and how he “got on a computer and bought a Bitcoin.”
Even though the song made headlines in the cryptocurrency world, Soulja Boy was not the first rapper in 2018 to reference cryptocurrency.
Eminem’s album “Kamikaze,” released on August 31st and featured a shoutout to bitcoin on the ninth track, where rapper Royce Da 5’9” said “remember everybody used to bite Nickel, now everybody doing bitcoin.”
Rappers Caught Up In Crypto Scams
While some like Soulja Boy have been busy making music referencing bitcoin, others have allegedly been caught up in crypto scams themselves.
CryptoGlobe reported in early November on the allegations facing rapper T.I. and businessman Ryan Felton. The duo was facing a lawsuit alleging they swindled investors through a crypto scam.
T.I. and Felton introduced what they dubbed the ‘FLiK Token’ back in 2017, but the lawsuit alleged both drove up the token price through a pump and dump scheme.
Image courtesy of Soulja Boy Tell Em (Facebook)