Cryptocurrency popularity has boomed in recent years and celebrities are investing in cryptocurrency. We’ll look at the top 7 celebrities who have invested in cryptocurrency.
- Elon Musk
Elon Musk has invested heavily in cryptocurrency and is one of the wealthiest people. He has invested in three cryptocurrencies: Bitcoin, Ethereum and Dogecoin. Although his interest in Bitcoin and Ethereum is valid due to the crypto’s influence and feasibility in the DeFi space, his Dogecoin investment came as a surprise to many. He has even advocated for Dogecoin, a meme coin which makes him different from other investors who don’t pay heed to meme coins. In February 2021, musk announced that Tesla had bought Bitcoin worth $1.5 billion. The company also announced that it would begin accepting Bitcoin as a payment method. The news led to an increase in the rise of Bitcoin and other cryptocurrencies. In March Musk announced that Tesla would accept Bitcoin as a payment method. In April, Bitcoin reached its all-time high of $64,863.10.
- Jack Dorsey
Jack Dorsey, the CEO of Twitter and Square, is an evangelist of Bitcoin. Dorsey believes that Bitcoin could one day replace the U.S. dollar and be the currency of the future. In March 2019, Dorsey said that he spends several thousand dollars each week to buy Bitcoin. Apart from his personal Bitcoin holdings, Dorsey’s payment company, Square, bought 4,709 Bitcoins in October 2020 under his direction. Dorsey also runs his own Bitcoin node, which means that he can mine and verify transactions on the Bitcoin blockchain.
- Mike Tyson
Mike Tyson is a former professional boxer and one of the most well-known athletes in the world. He is part of the Bitcoin community. In September 2015, he launched his first Bitcoin-branded ATM. Tyson has made a significant investment in Bitcoin Direct. Tyson believed that people have a hard time understanding currencies based on numerical equations, and even he didn’t comprehend it well. He hoped that his participation in the Bitcoin community could increase awareness and knowledge. He has been involved in cryptocurrency, particularly in Bitcoin. In January 2016 he launched a wallet application in collaboration with Bitcoin Direct.
- Maisie Williams
Maisie Williams, who plays Daenerys Targaryen on Games of Thrones, joined the Bitcoin ride in November 2020 after asking her Twitter followers if she should go long on Bitcoin the answer was no but she went ahead.
- Mark Cuban
Billionaire shark tank star and Dallas Mavericks owner Mark Cuban has a love-hate relationship with Bitcoin. Cuban is a longtime cryptocurrency investor. Over the years he’s invested in Ethereum and other various digital coins, NFTs and many blockchain companies. He advised people to put at least 10% of their portfolio into Bitcoin but then later lashed out and said that he would rather have bananas than Bitcoin.
- Snoop Dogg
Snoop Dogg is an American rapper, artist, media personality and adventurous businessman. He is involved in cryptocurrency, particularly in Bitcoin. He has made some investments in digital currency and has also endorsed some Bitcoin-related businesses. He was among the earliest adopters of Bitcoin. In February 2021, Snoop Dogg took an interest in the meme coin, Dogecoin. After he tweeted a meme of the dog breed represented by the coin, the price shot up by 55% to set a new all-time high.
- Lionel Messi
Argentinean Footballer Lionel Messi is another celebrity who invests regularly in cryptocurrency. He has partnered with several blockchain programs in his lifetime and has advocated for the benefits that the cryptocurrency world presents. He has invested in Bitcoin also.
Related: 10 Innovative Ways Cryptocurrencies are Used in Developing Countries
Cryptocurrencies are volatile investments but there are a growing number of celebrities who are investing in cryptocurrency, hoping that they will return to and exceed their previous highs.
Frequently Asked Questions (FAQs)
How do beginners buy Bitcoins?
Beginners can buy Bitcoin on several exchanges such as Coinbase, Binance, etc.
What 3 cryptocurrencies does Elon Musk own?
Elon Musk owns Ethereum, Bitcoin and Dogecoin.
Who is the highest crypto investor in the world?
Changpeng Zhao, founder of Binance is the highest crypto investor in the world.