Bitcoin has become one of the key topics of discussion amongst major news and financial outlets such as Bloomberg, CNBC, Reuters and more. However, the leading cryptocurrency has attracted the attention of movie producers as Bitcoin has been mentioned in a few films.
South Park is the latest TV show to talk about Bitcoin, and the episode has received mixed reactions from the crypto community.
South Park Creators Say Centralized Banking is Rigged
One of the major messages behind Bitcoin and the cryptocurrency space is decentralization. The centralized financial system has been running the world for the past few centuries, and people have come to realize that the system is flawed. Hence, the creation and adoption of decentralized finance and other similar technologies over the past few years.
South Park, one of the leading animated shows in the world, talked about Bitcoin in its recent episode. The creators said the centralized banking system is rigged, and Bitcoin is the only acceptable method of payment.
A motel clerk told Stan that “Now, of course, we only take bitcoin and other cryptocurrencies. Because… ya know — It’s the future — we’ve all decided centralized banking is rigged, so we trust more in fly-by-night Ponzi schemes.” Stan went ahead to pay for a room using a card bearing the bitcoin logo on it with a QR code.
Bitcoin’s Comment Sparked Varying Reactions
Bitcoin’s mentioned in the South Park episode resulted in varying reactions within the cryptocurrency space. Some of the leading crypto Twitter personalities, including Bitcoin Archive (over 670k followers), tweeted about the show mentioning BTC.
It was also tweeted by other leading personalities and some of the top cryptocurrency-focused media outlets. On Reddit, the episode sparked varying reactions. Some users claimed that the South Park creators were mocking Bitcoin and the entire cryptocurrency space by saying it is a Ponzi scheme.
However, others claimed that South Park creators are bullish about Bitcoin, hence, the reason why they mentioned it. South Park is not the only show that has mentioned Bitcoin. The Simpsons, another popular TV show that has been around for more than 30 years, talked about Bitcoin earlier this year, stating that the coin’s value is infinity.
Bitcoin’s price has surged by more than 5% over the past 24 hours. At press time, BTC is trading above the $57k level. BTC is trading above its 100-day simple moving average of $54,134 following its recent rally. The MACD line is closing in on the neutral zone while the RSI of 46 shows that Bitcoin has left the oversold region.
These technical indicators show that Bitcoin is in a good place at the moment, and the rally could be extended over the coming hours.
This article was originally posted on FX Empire