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Rapper Soulja Boy Brags About Bitcoin Gains in New Rap Track

Soulja Boy is diving head-first into the crypto world with a song titled "Bitcoin" off his latest track.

Güncellendi 13 Eyl 2021 öö 8:27 Yayınlandı 5 Eki 2018 ös 9:00 AI tarafından çevrildi
soulja boy

Famous rapper Soulja Boy might just be a bitcoin hodler.

The 28-year-old musician, perhaps best-known for his debut single "Crank That," debuted a new song about bitcoin in his latest album "Young Draco." Simply titled "Bitcoin," the track describes how Soulja "made [$1] million off of bitcoins" after seemingly buying in at $6,000.

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"Man, this going crazy the cryptocurrency man," the lyrics begin, continuing:

"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"

(Urban Dictionary defines "100 racks" as being $100,000.)

Reklam

Soulja later indicates he may be paying bands using cryptocurrency, or at least his gains from his holdings ("I'm doing shows [?] feeling me ... running up the bands on cryptocurrency"), before referencing sending transactions through PayPal and the Cash App.

He also references owning litecoins, though he does not provide any firm details in the song about his holdings.

Soulja is the latest musician to reference cryptocurrencies, with Mims, Snoop Dogg, 3lau and Young Dirty Bastard all getting involved in the space through various projects or performances.

Most recently, bitcoin even played a cameo on Eminem's new album "Kamikaze."

Royce Da 5'9', a guest artist on "Not Alike," notes that "now everybody doing bitcoin" on the track – he wasn't kidding.

Soulja Boy image via hurricanehank / Shutterstock

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Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.

What to know:

  • Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
  • The rally coincided with significant spot BTC price premium on Coinbase.
  • Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.