Thanksgiving’s Table Topic? Everyone Will Be Discussing Crypto
With two major sports stadiums being renamed to feature crypto names, with Bitcoin reaching an all-time-high in 2021 and with SNL spoofing the Thanksgiving discussions beforehand already, everyone in US media seems convinced that cryptocurrencies will be a major discussion point around the Thanksgiving table this year.
Great for adoption of course.
Target thanksgiving ad
Fortune did a whole deep dive around it, SNL made it part of their yearly ‘Target Thanksgiving Ad’, in which your niece’s annoying new boyfriend discusses crypto, decentralization, blockchain and Bitcoin. Funny.
Meltem Demirors, chief strategy officer at digital-asset firm CoinShares is also convinced crypto will be part of the Thanksgiving conversation though. She explained:
Everyone’s going to be talking about crypto—what else is there to talk about? Are you going to talk about movies? Are you going to talk about sports? Are you going to talk about the weather?
Crypto is part of the zeitgeist, it’s part of the culture and it’s definitely a big part of the financial system at this point.
For the uncles and nephews that are into sports, there is of course the renaming of the Staples Centre in Los Angeles to Crypto.com and even Sam Bankman-Fried of crypto platform FTX is now sponsoring a Miami sports team.
1000% price rise
Lastly, you can be sure that someone will bring up Dogecoin or even Shiba Inu, given the astronomical percentage gains memecoins have seen this year.
“Excitement is what excitement is,” David Tawil, president of ProChain Capital, a crypto advisory firm in New York, explained.
Certainly what’s newsworthy and makes headlines is top of mind, and I think people get excited with big percentage moves. They want to see if they can make 1,000% on something.