Seven Celebrities That Invest in Cryptocurrencies
Cryptocurrency has become a raging success over the past few years. The media have popularized it because of the attraction of having a decentralized currency on your phone. However, celebrities have also taken some time out of their busy schedules to invest in crypto. Cryptocurrency investments amongst the wealthy have been causing quite the stir among news outlets.
Luckily, those who want to learn about seven celebrities that have invested in crypto do not need to look any further. All you have to do is continue reading this post.
“Invest In Bitcoin,” These Celebrities Say
It cannot be denied that celebrities have a specific power over the many people who follow them, which is why it is interesting to learn about some celebrities that have invested in Bitcoin.
Elon Musk
Musk is no stranger when it comes to new technology. He was publicly skeptical about cryptocurrencies, but he is one of the community’s most influential stars. When he added the word Bitcoin to his Twitter bio, the stock rose 25% that day. Musk has been very supportive of Bitcoin since 2019.
He even managed to get Tesla to purchase $1.5 billion worth of Bitcoin. This was a huge accomplishment for Bitcoin because it showed that big names wanted to get involved. However, he only owns 0.25 of his fortunes in Bitcoin. Additionally, he does have an attachment to the mem coin, Doge.
Jack Dorsey
The Twitter and Square CEO, Jack Dorsey, is a huge investor in Bitcoin. He has been involved with cryptocurrency since 2017. Even though there was a market crash in 2018, he knew that it would rise again, so he ended up spending thousands of dollars every week to invest in cryptocurrency.
Not only has Dorsey bought so much Bitcoin, but he also has his node, which allows him to mine and transfer Bitcoins on the blockchain. This is true dedication.
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Mike Tyson
Tyson is one of the most famous former boxers, so his influence on cryptocurrency investments is large. He saw the potential for Bitcoin back in 2015, making him one of the first celebrities to support the coin. Also, he said that he is grateful to be a part of this new revolution, which has become a big topic of conversation.
In 2015, he partnered with Bitcoin ATM manufacturers, which garnered so much support that other people began to copy his face tattoo. Also, he worked with Bitcoin Direct to build and launch a mobile Bitcoin wallet, which was revolutionary at the time because this was one of the first Bitcoin wallets.
Mark Cuban
People who are fans of Shark Tank will know that Mark Cuban has an interesting relationship with Bitcoin. He has a net worth of $4.2 billion, so people are aware that he knows how to use his money. Initially, he said that people should put around 10% of their portfolio into Bitcoin, but then, he backtracked on that idea.
However, in April 2020, he revealed that he does own $130 Million worth of Bitcoin, but he also did invest in cryptos that were not Bitcoin. He has held these cryptos since the beginning of Coinbase.
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Other Cryptocurrency Investments That Celebrities Have Made
Here are another three celebrities that have invested in crypto, not Bitcoin.
Reese Witherspoon
Witherspoon is a very famous actress that many people adore. Her kind disposition makes her a likable person, which is why people were surprised when they discovered that she is also interested in cryptocurrency. She has a net worth of $400 million because she just sold her media company Hello Sunshine.
After making millions on the sale, she took the opportunity to purchase Ethereum. Witherspoon never disclosed how much Ethereum she does own, but it was made public knowledge through Hello Magazine and Twitter.
Lionel Messi
One of the most popular football players in the world has also invested in cryptocurrency. He became a brand ambassador for Sirin Labs in 2017, which led to him being excited to share the news on his Instagram. This excitement showed the world that there would be the first crypto smartphone.
This phone has specific features and applications that have been made for crypto users. Messi was a paid in crypto after transferring to the football club, Paris-Saint Germain. He was given enough crypto to pay for his welcome package and a two-year contract.
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Paris Hilton
Hilton has continued to surprise fans with her interesting documentary on YouTube, interviews, and DJ shows. However, she was ahead of the game when it came to investing in cryptocurrency because she was on it all the way back in 2016. It is no surprise that Hilton knows how to invest her money wisely, which is why it is fascinating to see that she invested her money into Ethereum in 2016.
Also, her cryptocurrency investments haven’t stopped there because she now has an Instagram focused on NFTs. She even went as far as to name her dogs after NFTs. Hilton has been very vocal about her investments and her support for digital currencies, which is interesting.
Conclusion
Celebrities investing in cryptocurrencies have changed the market dramatically. Also, many celebrities have been a part of this revolution for many years. However, with the crypto market continuously evolving, it would be interesting to learn about celebrities who have backed out of crypto investments.
However, it seems that the celebrities that have bought crypto will continue to buy crypto in the future.
