South Parkâ rips into Trumpâs crypto ties in latest episode
âSouth Parkâ rips into Trumpâs crypto ties in latest episode
The latest episode of the long-running comedy series âSouth Parkâ depicts US President Donald Trump taking gifts of Bitcoin from state officials and tech leaders.Listen3:34
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The animated comedy series âSouth Parkâ mocked US President Donald Trump in its latest episode aired on Wednesday, satirizing his ties to crypto.
The episode titled âSickofancyâ depicted scenes showing parodied versions of tech executives wanting to curry favour with Trump by lining up to give him gifts and shower him with praise.
In two scenes, what appeared to be depictions of Microsoft CEO Sundar Pichai and venture capitalist-turned White House crypto and artificial intelligence czar David Sacks were lining up to gift BitcoinÂ
Trumpâs critics have raised concerns over the presidentâs pro-crypto policy positions while he and his family have deepened ties to crypto with a trading platform, stablecoin, tokens and a crypto mining business.
âSouth Parkâ roasts Trump, AI
The latest âSouth Parkâ episode mainly satirizes overreliance on AI, with a character pivoting his cannabis farm into an AI startup after an Immigration and Customs Enforcement (ICE) raid arrests his workers.
The character eventually gets advice from a sycophantic ChatGPT to butter up Trump and have him re-classify cannabis to save his business. The show depicts officials and tech executives, including Apple CEO Tim Cook, Nvidia CEO Jensen Huang and Metaâs Mark Zuckerberg, lining up at the Oval Office to flatter Trump and give him gifts.
The episode also parodied Trumpâs recent deployment of the National Guard in the nationâs capital, depicting Washington, D.C., as overrun with military at major landmarks and continued its gag of depicting Trump with a small penis and sleeping with Satan, along with portraying Vice President JD Vance as a chubby-faced toddler.
White House slams âSouth Parkâ over Trump jokes
The showâs 27th season debuted in late July, and its first two episodes ripped on Trump and his administration, which caught the ire of the White House.
The seasonâs debut focused on Paramountâs $16 million settlement with Trump over a â60 Minutesâ interview with Kamala Harris. Paramount recently paid $1.5 billion for the streaming rights to âSouth Park.â
The debut episode included an AI-generated deepfake of Trump, who stripped naked in a desert, which prompted a White House spokesperson to call âSouth Parkâ a âfourth-rate showâ that âhasnât been relevant for over 20 years and is hanging on by a thread with uninspired ideas in a desperate attempt for attention.â
South Parkâs other crypto quips
âSouth Parkâ has been on air for almost 28 years and has offered comedic parodies of crypto a handful of times.
An episode in 2022 ridiculed Matt Damonâs then-recent promotion for Crypto.com, and an earlier episode that aired in 2021 joked that a character had the power to convince people that non-fungible tokens (NFTs) were a âviable investment.â
Another episode in 2021 showed Bitcoin being used as the mainstream means of payment in the future, with a character saying, âWeâve all decided centralized banking is rigged, so we trust more in fly-by-night Ponzi schemes.âhttps://www.youtube.com/embed/tm0M1xjAktM?start=9
Magazine:Â Trumpâs crypto ventures raise conflict of interest, insider trading questions
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Bitcoin ETFs hit 5-day losing streak, but Pomp says BTC is oversold
Spot Bitcoin ETFs have seen about $1.17 billion in outflows over the past five trading days, but Anthony Pompliano says Bitcoinâs spot price may now be oversold.Listen2:58
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US-based spot Bitcoin ETFs have posted their longest run of outflows in over four months, though crypto entrepreneur Anthony Pompliano says that Bitcoinâs price may now be oversold.
Over the past five trading days, spot BitcoinÂ
 ETFs have seen about $1.17 billion in outflows, representing the longest streak since a seven-day outflow period in April when Bitcoin was trading near $79,625, according to Farside and CoinMarketCap.
Pompliano said on CNBC on Thursday that Bitcoin is likely undervalued now. It was trading at $112,870 at the time of writing.
Bitcoin headed to a more active buying period: Pomp
âPeople are in front of their screens in September, they are not in front of their screens in August, so people are buying and being more active,â he said.Â
It is just over a week since Bitcoin reached new all-time highs of $124,128 on Aug. 14.
Since 2013, Q3 has been Bitcoinâs weakest quarter on average, returning just 6.02%, while Q4 has been the strongest, averaging an 85.42% gain, according to CoinGlass.
Pompliano says that when people expect history to repeat, it can help encourage buying.
âIf people believe that the end of Q3 and the beginning of Q4 is a good time for Bitcoin, people start to act in a way,â he said.
Pompliano doubts $1 million Bitcoin this cycle
Although Pompliano expects Bitcoin to pick up toward the end of the year, he said he doubts it will hit $1 million in this cycle, though it may in the future.Â
He added that speculation around the highly anticipated Sept. 17 US Federal Reserve rate cut, along with treasury firms raising more funds to buy Bitcoin, could increase demand for Bitcoin.
Related:Â Bitcoin sell pressure âpalpableâ as BTC bid support stacks at $105K
âBitcoin will definitely go to one million at some point in the future, but I just think this cycle it is very unlikely that it is going to go to a million dollars,â Pompliano said.Â
Pomplianoâs prediction came just a day after Coinbase CEO Brian Armstrong said he had a ârough ideaâ that Bitcoin should reach $1 million by 2030.
Magazine:Â Can privacy survive in US crypto policy after Roman Stormâs conviction?
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