Is Crypto The New Pop Culture?

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31 Jan 2024

In recent years, so much has been said about cryptocurrency that it can now be added to the list of "most popular things." Yes, it quickly transitioned from being "something for geeks" to "Do you not have any Bitcoins?".

Pop culture could not ignore this loud phenomenon. In this new material, we will explore how blockchain made its way into the realm of casual entertainment for the audience.

Lessons in Mutual Aid: The Simpsons and Cryptocurrency

We've previously discussed references to cryptocurrencies in the legendary series The Simpsons. In October 2023, the 35th season began airing, and three Halloween episodes titled "Treehouse of Horror XXXIV" were released on November 5, 2023, parodying "The Silence of the Lambs." However, what caught the audience's attention was the mayor of Springfield's opening statement:

“Springfield art lovers, good news. The art museum is closed forever! Instead, our entire exhibition will be digitized and sold for a fortune on the blockchain in the form of non-fungible tokens – whatever they are!”

With this move, the creators of the show achieved two goals. On one hand, riding the crypto hype, they boosted interest in The Simpsons. On the other hand, they did the same for crypto, due to the perpetual popularity of The Simpsons (the longest-running animated series in American history). In the end, both Homer and Marge's fans will explore Web3 space, while die-hard crypto enthusiasts will show respect for Matt Groening's creation.

What Makes "Bart Simpson's Head" Appealing?

The Simpsons didn't just casually mention cryptocurrency; they decided to play around with it. Well, they can afford it, as the series is already iconic, prophetic, and relevant.

Crypto analysts will surely remember one member of the Simpson family, Bart, the mischievous young boy. For over 30 years, he has entertained the audience with his rebellious antics and explosive ideas.

Moreover, "Bart Simpson's Head" is a pattern in technical analysis. In 2019, experts noticed that Bitcoin (BTC) was following a pattern: an abrupt upward spike (bullish trend), followed by temporary consolidation, and then a sharp downward spike (bearish trend). Linearly, this graph indeed looks like Bart Simpson's head.

Recognizing the "Bart Head" is a useful skill for a crypto trader. It helps in crafting more precise short-term and long-term business strategies and avoiding unjustified risks.

SQUID Game

The trend of popularizing a product in the market under the influence of some cinematic work is not new. The crypto market is no exception. In 2021, the South Korean series "Squid Game" emerged, and under its influence, the SQUID token was immediately launched in the crypto space. Its rise was swift, increasing 25 times in just one day from $2.2 to $3.6. Investors' interest followed, and now the new cryptocurrency confidently exists in the digital market. Interestingly, the initial SQUID project was a big scheme – developers aimed for quick profits, not caring about potential clients.

Cryptocurrency and the Music Business

Pop culture has firmly grasped the decentralized assets space. Crypto has become a new source of inspiration for musicians, artists, and performers.

Thirty years ago, a sign of wealth in mass culture was millions of dollars; now, it's a couple of Bitcoin. Rapper Eminem, in his track "Not Alike" in 2018, commented on the popularity of crypto:

"Remember everybody used to bite Nickel, now everybody doing Bitcoin."

Besides Rap God, Lil Windex ("Bitcoin Ca$h") and Lil Bubble ("HODL Gang") also talked about cryptocurrencies in their songs.

The connection between music and cryptocurrency strengthened with the invention of the decentralized music platform Audius (AUDIO). Thanks to it, content creators now fully own their products. They monetize their tracks without involving third parties like studios and labels, without paying them a commission. The platform's creators claim to have revolutionized the traditional music world, breaking down barriers between musicians and their fans.

Conclusion

In conclusion, by the end of 2023, cryptocurrency has become not just a means of digital monetary exchange but also a cultural phenomenon. It found its reflection in art, gathered crypto enthusiasts, and became an inspiration for many creators. Experts hope that this will expedite the process of universal awareness of digital assets, benefiting the entire crypto industry.

If you want to learn more interesting facts about crypto then check out our blog! You might like our articles “Block Size Explained” and “Crypto Events to Look Forward to in 2024”.