Bitcoin is no longer an asset known to a handful of individuals. Millions of people around the world have heard of it, used it, or know someone who did. But while the price of digital assets has been stagnant lately, its influence and innovation have not. In this article, we will explore how Bitcoin (BTC) is making waves in different fields, from film to finance to fun. We will look at three examples that show how Bitcoin is changing the culture and the economy in various ways. We’ll discuss Microstrategy, Barbie, and gaming.
Michael Saylor Can’t Get Enough Bitcoin
For people who have been in the crypto space for a while, the name Michael Saylor and Bitcoin go hand in hand. His company, MicroStrategy, has been on a mission to accumulate as much BTC as possible. As of August 2023, the company holds over 152,000 BTC worth more than $4.5 billion. The bear market did not discourage him from buying more BTC, as he believes that it is the best store of value and hedge against inflation.
Now that the bull market is in sight, Saylor announced that his company will acquire more. He plans to sell more of his company’s equity and use the proceeds to buy more Bitcoin.
“We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and working capital, and, subject to market conditions,” already issued bonds, according to MicroStrategy’s Tuesday filing.”
Bitcoin is a “Ken thing”
Margot Robbie, the star of the movie Barbie, made a controversial comment on Bitcoin. She said that her husband and producer, Tom Ackerly, was being ” such a Ken” when he discussed BTC with the movie’s co-producer, David Heyman. The meaning of being a Ken was ambiguous, but the character in the movie was vain and cocky.
This could be interpreted as good or bad, depending on how you look at it. Michael Saylor took it in a good way and twitted that Bitcoin is big Ken energy.
While some took it negatively. For some, it meant that men who are into crypto are weak and pathetic. Influencer Layah Heilpern tweeted:
Gaming on the Bitcoin Chain
Bitcoin is arguably seen as one of the best stores of value, but some developers want to expand the blockchain’s usage to gaming. New Bitcoin City is offering old-school arcade games like Minesweeper, Battleship, and Bitcoin Bingo. Users have a chance of earning after winning and having fun at the same time. The games are all built on the Bitcoin network. Aside from gaming the site also offers an NFT marketplace.
According to one of the developers they believe that gaming is a perfect gateway for users to get acquainted with BTC.
The developers were able to take advantage of the introduction of the Ordinals and BRC-20 protocols to create the games on-chain. Ordinals is the protocol that assigns numbers to Satoshis and allows for the inscription of data onto them. The data could be text, video, or simple applications such as games. BRC-20 is the token standard that uses Ordinals to create and transfer fungible tokens
Can BTC be Present in Our Everyday Lives?
Bitcoin was once laughed at and was even called magic internet money. Most people believed that it was just a big scam and would eventually fade. However, more than a decade after its creation, it is still going strong. Instead of fading, major financial institutions are trying to incorporate it into their businesses. It has also been recognized as legal tender in some jurisdictions. Even presidential candidates are including it in their platforms.
We have to ask ourselves some questions: If celebrities, politicians, and influencers are talking about it, should we at least check what the fuss is all about? If major financial institutions like MicroStrategy are buying, should we also follow suit?
