'The Simpsons' Predicts Future Price Of Bitcoin: Will It Be Accurate?
KEY POINTS
- A recent episode of "The Simpsons" predicted the future price of Bitcoin
- This is note the first time cryptocurrency has been featured on the show
- "The Simpsons" is known for accurately predicting future events
With Bitcoin rising to all-time record highs the past year, the most sought-after cryptocurrency has once again made it to America's longest-running scripted TV show.
"The Simpsons" featured Bitcoin on Episode 18 of Season 32 that aired Sunday. The episode, titled "Burger Kings," shows Marge Simpson getting hooked on stock trading. As she watches for updates on TV, the news ticker shows the price of different stocks, including Bitcoin. Interestingly, BTC was accompanied by a green infinity symbol.
This is not the first time that the animated sitcom mentioned cryptocurrencies in one of its episodes. In Season 31, cryptocurrency and blockchain made an appearance on "The Simpsons," with Jim Parsons of the "Big Bang Theory" offering a stunningly in-depth explanation of the technology. The episode even referred to cryptocurrency at the time as the “cash of the future.”
While this Bitcoin price prediction is unlikely to happen, "The Simpsons" is known to accurately predict other socio-political events.
Notable past predictions that surprisingly came true include Kamala Harris’ purple inauguration outfit, former President Donald Trump getting elected, and the Greece financial crisis.
Bitcoin has been the fastest-growing digital currency, accounting for over 50% of the entire cryptocurrency market capitalization which has doubled in just over two months. It has rallied over 100% in 2021 alone and in the process pushing the cryptocurrency market higher.
The surge in the price of Bitcoin over the past seven months from $10,600 to as high as $63,000 as of press time can be mainly attributed to large institutional investors and companies embracing the digital currency.
American billionaire Mark Cuban also remains bullish on Bitcoin, saying it is a “better alternative to gold and is going to be.” It is for this reason that he has been holding on to Bitcoin for years without selling it, with around 60% of Cuban’s cryptocurrency portfolio consisting of BTC.
Tesla, with Elon Musk at the helm, has even made more money on Bitcoin this year, purchasing $1.5 billion worth of bitcoin and making $1 billion in profit -- more than its profits selling cars in 2020.
Bitcoin is expected to continue its price surge this year, but unlikely to skyrocket to infinity as "The Simpsons" predicted.
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