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Dennis Lynch, Morgan Stanley's head of Counterpoint Global has compared Bitcoin (BTC) to Kenny McCormick, one of the main characters in the award-winning animated series South Park.
Morgan Stanley Employee Compares Bitcoin to a South Park Character
Speaking at Morningstar's annual investment conference on Sept. 23, Morgan Stanley's Dennis Lynch compared the volatility of Bitcoin (BTC) with that of Kenny McCormick, a character from South Park that dies in almost every episode but then returns back unharmed without any explanation.
“I like to say that bitcoin is kind of like Kenny from South Park, you know, the guy dies every episode and he’s back again.”
Kenny always dying is a joke that continues throughout the first seasons of South Park with the character even dying 3 times in one episode. The show’s creators, Matt Stone and Trey Parker decided to kill Kenny forever in the Emmy-winning episode called “Kenny Dies” with the character later returning to the series and his bad luck was over.
Overall, Kenny has died 98 times in the series with a total of 126 times under South Park (98 in the series, 12 in the short films, 14 in the videogames, 2 in the cinema, and 1 in the period 7-11 intro).
On the other hand, Bitcoin has been declared dead a total of 430 times by its critics since the beginning with the oldest death notice dating back to December 15, 2010.
Digital Assets Remain Stable Near $2 Trillion
The total market cap of cryptocurrencies has seen a small recovery in the past 24 hours with the market capitalization of digital assets remaining stable near the $2 trillion level
Bitcoin has lost nearly 2% in the last 24 hours with the cryptocurrency currently at $43,668 with a market cap of over $822 billion. The network activity of Bitcoin has also increased significantly in the last few days despite the recent volatility with BTC mining hash also seeing substantial growth since August 2021.