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Kanye West Spotted Wearing A Satoshi Nakamoto Cap As He Is Set To Purchase Parler, A Crypto-Friendly Social Media Platform.
Ye donned a Satoshi Nakamoto print cap for the second time recently.
MailOnline, the web version of the Daily Mail UK, in a recent report on Monday, spotted Kanye West, also known as Ye, wearing a Satoshi Nakamoto cap in recognition of the pseudonymous Bitcoin creator.
It bears mentioning that it is the second time that the controversial rap music and fashion icon has recently been seen donning a Satoshi Nakamoto print. In a previous photo that made the rounds on Twitter, the billionaire is spotted wearing the Satoshi Nakamoto cap and a matching shirt. The new look comes after JP Morgan cut ties with the rap star.
Ye West (Kanye) wearing a Satoshi Nakamoto hat after being kicked out of his bank account by JPMorgan. #Bitcoin pic.twitter.com/oj2XTiQ1bC
— Quinten | 048.eth (@QuintenFrancois) October 16, 2022
While JP Morgan gives no apparent reason for this, many people, including Ye, speculate that it is due to recent perceived anti-semitic comments.
The rap star can be seen and heard expressing his frustration over how he was treated by the banks in an unreleased Drink Champs podcast episode. Notably, during the conversation, it is highlighted that the artist has not broken any law, and the banks should not play judge or jury.
Kanye West speaks out after getting debanked: “I put $140 million into JP Morgan and they treated me like sh*t. So if JP Morgan Chase is treating me like that, how are they treating the rest of y’all?” pic.twitter.com/YYuMgqfqT5
— Benny Johnson (@bennyjohnson) October 16, 2022
The move by the bank appears to be the latest in a trend of financial censorship that has taken root in traditional finance. Notably, crypto industry leaders like Charles Hoskinson believe these actions will ultimately push more people to crypto and the world of decentralized finance. According to Hoskinson, the banks are doing the advertising for crypto.
People keep asking why isn't the cryptocurrency space doing a better job at marketing, the answer is that every bank in America does a pretty good job of doing it for us pic.twitter.com/OANsCCDPMw
— Charles Hoskinson (@IOHK_Charles) October 17, 2022
It is worth noting that the artist is set to buy the perceived crypto-friendly social media platform Parler after being kicked off Instagram and Twitter.
The platform, which has become the go-to for right-leaning Americans with views that are not perceived as mainstream, launched its NFT marketplace on Solana in March called DeepRedSky. The platform’s first collection was dedicated to former American president Donald Trump, who Ye openly supported.