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Bitcoin Doesn’t Need Kanye West, But Ye Needs Bitcoin


This is an opinion editorial by Jacob Kozhipatt, a YouTuber and writer.

One of the world’s most prominent celebrities and cultural influences, Ye — formerly Kanye West — recently publicly showed support for bitcoin. Ye wore a custom-knitted hat embroidered with the anonymous founder Satoshi Nakamoto’s name on it days after JPMorgan Chase & Co. canceled the music icon’s account.

Many in the Bitcoin community point to his financial cancellation as to why bitcoin matters. While Ye’s remarks have been interpreted as anti-semetic and many were offended, they were not illegal — so it could be argued that it is unfair to unbank him. However, as JPMorgan is a commercial company, not a government entity, it is within their rights to not serve the artist. Thus, many cryptocurrency enthusiasts believe that Ye may see the value of the decentralized financial system bitcoin provides.





Read More: Bitcoin Doesn’t Need Kanye West, But Ye Needs Bitcoin

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