Drake Compares Fake Friends to Bitcoin's Volatility: ‘Down This Week, Up Next’

Drake’s newest observe, “What Did I Miss,” options lyrics about betrayal, luxurious, and bitcoin. The rapper compares fickle associates to the cryptocurrency’s rollercoaster worth strikes, saying he checked out it “like a BTC”: “Could be down this week, then I’m up next week.”

It’s not the primary time bitcoin has appeared in Drake’s orbit. In the previous few years, the Canadian celebrity has turn into one in every of crypto’s most seen superstar group members.

The rapper shared a clip of Michael Saylor on his Instagram account, which on the time had over 146 million followers, the place Strategy’s co-founder mentioned bitcoin would “eat” gold.

He’s additionally dropped greater than $1 million price of bitcoin on shedding bets for the Dallas Mavericks and Edmonton Oilers, with different high-profile punts on UFC fights and Formula One races.

Drake’s betting efficiency has impressed memes calling it the “Drake Curse,” referencing losses within the groups and athletes he bets on. The rapper addressed that curse, telling followers he’s only a “flawed sports bettor.”

Yet Drake isn’t simply rolling cube. He has partnered with crypto playing platform Stake, in a partnership that’s reported to be price $100 million yearly.

Outside the on line casino lights, Drake has made crypto investments in corporations, together with MoonPay and brandished {hardware} wallets on social media.

Interestingly, Drake’s nod to bitcoin’s volatility comes at a time that’s being interpreted because the calm earlier than the storm. Deribit’s bitcoin volatility index (DVOL) has, in truth, dropped to a close to two-year low at 38.