On Tuesday, Canadian rapper Drake took a big step in merging the realms of mainstream tradition and Bitcoin by sharing a clip from Michael Saylor’s CNBC interview on his Instagram. The publish, reaching an viewers of over 146 million followers, was initially posted by the account bitcoin_memes_daily.

Rapper Drake Endorses Bitcoin

Drake used the caption “Michael Saylor on Bitcoin,” and showcased a notable section of Saylor’s interview. On this section, Saylor discusses BTC’s superiority over gold as a retailer of worth and its potential to remodel the asset panorama.

The rap icon highlighted a 15-second clip the place Saylor addresses a query about BTC’s function as a forex, to which he responded, “It doesn’t have to be a currency. Nobody is trying to buy a cup of coffee with their fraction of a building on 5th Avenue.”

Drake simply posted @saylor and Bitcoins All Time Excessive on his Instagram to 146 million followers 👀 pic.twitter.com/pDt761XzDe

— Steven Lubka ☀️ (@DzambhalaHODL) March 12, 2024

This isn’t Drake’s first foray into the world of crypto. The artist is serving as an envoy for the crypto playing web site Stake and has beforehand been seen inserting bets utilizing Bitcoin for main occasions, such because the 2024 Tremendous Bowl. Notably, Drake positioned a $1.15 million BTC guess on the Kansas Metropolis Chiefs for Super Bowl LVIII, which resulted in a considerable payout of about $2.3 million, affirming his successful prediction.

Only a few days in the past, he revealed his guess on boxer Anthony Joshua vs. Francis Ngannou. By way of Stake.com, he wagered $615,000 in BTC on Anthony. The boxer defeated Francis Ngannou by second-round knockout in a heavyweight combat in Saudi Arabia. Drake due to this fact received his BTC guess once more.

Extra Saylor Remarks From The Interview

Past the clip shared by Drake, Michael Saylor’s interview contained a number of different key insights into the way forward for BTC. He confidently said, “Bitcoin is certainly at least digital gold. It’s going to eat gold.” He added, “If you could teleport gold from New York to Tokyo in a few minutes, people would like it.”

Saylor’s enthusiasm for Bitcoin’s potential was palpable as he outlined its advantages over gold, emphasizing the revolutionary facet of digital property: “It’s got all of the great attributes of gold, and it’s got none of the defects of gold.”

Saylor additionally delved into BTC’s function in redirecting capital from conventional investments in direction of extra progressive digital options, predicting its inclusion in main funds and its affect on the asset class. “As it goes into other funds, it’s going to become structural,” Saylor famous, additionally highlighting the strategic significance of Bitcoin’s halving occasion in decreasing the natural provide and adjusting its worth to fulfill investor demand.

Reflecting on Bitcoin’s intrinsic worth, Saylor confirmed his sturdy religion in BTC: “No, there’s no doubt in my mind Bitcoin was a better investment at $17,000 than it was at $65,000.” He aligned with the philosophy of funding legends, advocating for Bitcoin as a superior choice on account of its digital nature, world accessibility, and moral basis. “It’s the most widely recognized and trusted investment asset in the world right now,” Saylor added, underpinning his bullish stance on BTC’s function within the world financial system.

At press time, BTC traded at $70,354.