Lil Yachty Has Big Plans For Bitcoin

BYAlexander Cole2.7K Views
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Lil Yachty
Lil Yachty sees big potential in cryptocurrency.

Cryptocurrency has been all the rage over the past couple of months and for good reason. During the Summer of 2020, Bitcoin was hovering at around $4000 per coin, and now, it trades for close to $50,000. These are huge gains and those who have been in the space since the beginning, have quickly become millionaires. Now, cryptocurrencies such as Ethereum, Polkadot, Chainlink, and Cardano are also proving to be profitable endeavors, and celebrities are starting to get in on the craze.

One artist who has completely embraced Crypto is none other than Lil Yachty, who has been pumping up Dogecoin, while also exclaiming his love of Bitcoin. Now, Yachty is making a big proclamation about BTC, noting that once he is allowed to perform again, he will want fans to pay him in the cryptocurrency.

This could ultimately pose a risk for the artist, and even his fans, as the currency has been incredibly volatile. For instance, if someone pays $60 worth of Bitcoin to go see Yachty, that $60 could become $40 in a matter of weeks. However, it could also go to $100 in that same timeframe, which would benefit Yachty, although not so much his fans.

This volatile is what has made BTC such an attractive investment in the first place, and with Elon Musk looking to make Tesla's purchasable with Bitcoin, it seems like the number one crypto in the world won't be going away anytime soon.

Lil Yachty Has Big Plans For Bitcoin
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About The Author
Alexander Cole is the current Managing Editor of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. During this time, he has shown an expertise in Air Jordans, Yeezys, and all things that have to do with Nike. His favorite kicks are the Air Jordan 1 High OG, the Air Jordan 4, the Air Jordan 6, and the Adidas Yeezy Boost 350 V2 in the "Beluga 2.0" colorway. Although his collection might not be the biggest, he is always looking to add new styles to it. When it comes to sports, Alex has a particular interest in the NBA and the NFL. His favorite teams are anywhere LeBron goes, and the Kansas City Chiefs. As a Montrealer, the Montreal Canadiens hold a special place in his heart, even if they haven't won the Stanley Cup in his lifetime. Alex also works for the Concordia Stingers, where he provides play-by-play and color commentary for the football, hockey, and basketball teams His favorite hip-hop artists are Kendrick Lamar, Playboi Carti, Travis Scott, and Lil Uzi Vert.
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