This is an opinion piece by Jacob Kozhipatt, a YouTuber and writer.
One of the world’s most prominent celebrities and cultural influencers, Ye – formerly Kanye West – recently showed public support for bitcoin. Ye wore a specially knitted cap embroidered with anonymous founder Satoshi Nakamoto’s name on the day after JPMorgan Chase & Co. terminated the music icon’s account.
Many in the Bitcoin community point to his financial cancellation as to why bitcoin is important. While Ye’s remarks have been interpreted as anti-Semitic and many were offended, they were not illegal – so it could be argued that removing the bank is unfair. However, since JPMorgan is a commercial corporation, not a government entity, it is within their rights not to serve the artist. Thus, many cryptocurrency enthusiasts believe that Ye can see the value of the decentralized financial system bitcoin provides.
