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Smack That US Dollar! Hip-Hop Singer Akon is All Praise for Bitcoin
3 years ago

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Akon is a very famous celebrity all over the globe. With about twelve hits ranked among billboard top ten and the singer has won several best selling awards. Furthermore, with his optimistic views on bitcoin, the rapper had won over bitcoin and crypto enthusiasts. Now, while some are demanding a bitcoin song from him, others are looking forward to his collab with Anthony Pompliano, a well-renowned personality in the crypto space.

Akon DM me if you’re trying to drop knowledge on the podcast 🙂

— Pomp ? (@APompliano) September 10, 2019

Akon’s affiliations with cryptos might not be quite popular but they are quite old. The hiphop singer believ that cryptocurrencies are the best substitute of fiat and he even announced crypto project for the African region. Last year in the month of June, Akon introduced his cryptocurrency, AKoin.

At that time, Akon’s vision with AKoin was to introduce stability in the world’s largest emerging economy. He aimed to support entrepreneurship and growth across Africa with AKoin. Besides, Akon also planned to develop a 2000 acre city in Senegal where AKoin would be mostly used.

Although Akon is a musician by profession, he understood the bitter truth regarding the world’s financial system. Since fiat is controlled by banks and other financial institutions, governments are able to manipulate currencies according to their will. On the contrary, bitcoin is the world’s first decentralized digital currency that is not under the control or influence of any authority.

The bitcoin price, unlike fiat, is dependent on the fundamentals of supply and demand only. This confirms that the price of bitcoin can’t be controlled or manipulated easily. In addition to that, as mentioned by Akon too, blockchain technology behind bitcoin is very secure. Once a transaction is recorded on a blockchain, it is impossible to alter the details.

While bitcoin continues exhibiting security and decentralization, its rivalry with fiat and financial system will carry on. Although celebrities like Akon are very transparent about the flaws of fiat, this doesn’t guarantee a healthy future for bitcoin and other cryptos. Let’s see if more pioneers of industry enter crypto space in the near future in support of bitcoin.

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