Shameless’ season premiere episode names Bitcoin and other cryptosystems

It is a pity that the brief conversation related to cryptomonies did not make much sense.

Several television programs have mentioned Bitcoin (BTC) or other cryptosystems over the years, including Big Bang Theory in 2017 and The Simpsons in 2020. One of the latest mentions occurred during the premiere of Shameless’ 11th season, in an episode called “This is Chicago.

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“It’s my crypto,” said the character Dash, elaborating “My Bitcoin. It’s down 30 and I was using it to increase my Tether and my Ethereum”. Another character responded: “I have no idea what you just said”.

Dash continued:

“Oil futures destroyed my portfolio last spring. So if there’s another two-point drop in my cryptosystems, I’ll have to cover a margin call.

Dash’s comments are unlikely to make much sense to real-world participants in the blockchain space, as the dialogue seemed to be little more than a combination of low-fidelity buzzwords and technological chatter. One could use Tether in a leveraged Bitcoin trade, for example, but the reverse seems illogical. Also, it’s not clear what exactly being “30 down” means to Bitcoin. If you’re simply referring to dollars, then you might want to buckle up, since a $30 exchange rate for Bitcoin is a tiny price point.

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However, oil prices did suffer a difficult spring this year, so at least their commentary on oil is properly aligned. Covering a margin call means that Dash must deposit more collateral to maintain his current trading positions if prices fall beyond a certain point.

On Monday, the Twitter account belonging to the asset portfolio platform, MyCrypto, marked the quotes from the episode, saying, “Bitcoin, Ethereum and Tether got a mention in tonight’s season premiere of Shameless!

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Although the dialogue made little sense, the inclusion of cryptomonies in the episode still marked the general public’s growing awareness of digital currencies. Bitcoin and others have seen significant adoption in 2020, including the recent launch of digital assets on the PayPal platform.