Now Celebrities Invest Their Capital in Cryptocurrencies
Over the years, cryptocurrencies have ceased to be a thing for specialists and brokers and have become more and more mainstream. So much so, in fact, that now all kinds of celebrities have started to trade and even get paid in Bitcoin and other currencies.
Celebrities bet on cryptocurrencies as the model of the future, public figures invest their money in digital currencies and support new projects.
There have even been cases of famous investors using a Binance trading bot to automate their trading, which has given them both short- and long-term results.
Let’s see who these celebrities are and what has made them stand out in cryptocurrencies. Here are the most famous names in the world of virtual currencies.
Are Celebrities Investing in Cryptocurrencies?
Although experts have warned about the risk of buying cryptocurrencies due to their volatility, trading has not stopped. An important part of the success of cryptocurrencies is explained by the relevance given to them by celebrities.
Public figures contribute to raising the value of these assets by instilling confidence in their followers. This is a contagious effect that keeps the market in a favorable situation.
Big personalities can convey the need to invest and transform the crypto ecosystem.
The Success of Cryptocurrency Investment
The main doubt of most people about cryptocurrency exchange is: why is it such a successful project? To answer this question, it is necessary to go to the date of its launch.
Bitcoin emerged at a high point in world economic history: the 2008 financial crisis. The Federal Reserve lowered the interest rate on money.
Banks financed themselves very low and relaxed the requirements to give long-term mortgages and loans to uncreditworthy individuals.
There was a sense of bonanza that exploded in 2008 leaving many bankrupt, including large corporations. This movement of monetary manipulation artificially lowering the price discredited the State.
Faced with this, the market found other solutions. The idea of digital investments appeared on the horizon of expectation. The blockchain network guarantees that its system is free from centralized manipulations.
People who invest in cryptocurrencies know that their funds are subject only to the law of supply and demand. In addition, transactions are anonymous, secure, and protected from inflation.
5 Celebrities Who Have Invested a lot of Capital in Cryptocurrencies
There is an emerging behavior of digital investors. With this in mind, it is easy to intuit why popular personalities of our time have invested a lot of money in cryptocurrencies:
Since 2014 the Microsoft founder expressed his full confidence in Bitcoin. Gates’ perception is that cryptocurrencies outperform traditional money in profits.
Gates was quite active in BTC investment. Currently, he does not support anti-ecological mining methods but supports other token projects.
He is a great influencer in the cryptocurrency market due to his opinions and generous investments. Through his Tesla corporation, he bought $1.5 billion in Bitcoin.
This action created an uptrend in the price of the asset, increasing its value by up to 17%. BTC reached one of its all-time highs, trading at $44,220. Musk assured that the investment was intended to improve the company’s cash return.
He is an avid Bitcoin investor. In fact, he has a cryptocurrency investment firm called A-Grade. He is also a shareholder, along with Mark Cuban, of a blockchain network for sports betting: UnikoinGold.
Kutcher expressed via Twitter his position on cryptocurrencies. In the pre-candidacy of Donald Trump and Sanders he tweeted that the best way to protect himself from the economic measures of these two was to invest in BTC. Thus, he acknowledged that digital currencies are the lifeline of finance.
After leaving his boxing career, Mike Tyson has become a Bitcoin ambassador in the world.
In 2015 he launched a wallet: Bitcoin ATM System, in collaboration with the company Bitcoin Direct. A few months later he released the app for Android and iOS. Tyson hopes that with this project people will be encouraged to acquire Bitcoins.
In fact, Mike Tyson gets paid almost exclusively in cryptocurrency now – calling it his only currency.
The super football player is an ambassador of a start-up dedicated to the technology and cryptocurrency niche called Sirin Labs. The company is owned by Kazakh billionaire Kenes Rakishev.
Although they are dedicated to the creation and sale of smartphones, they intend to transform the market with their own blockchain network. Coupled with that, Sirin Labs’ mobiles will have software that will provide access to Ethereum trading.
Similarly, to Tyson, Leo Messi even received part of his first PSG salary in cryptocurrency. This helped the team to transition Messi towards the French football team, and it’s looking that with their tokens and tradings, there are still a lot of cryptocurrencies in their future.
This overview of cryptocurrency helps to understand the success of these coins worldwide. Thanks to celebrities investing in them. Famous personalities are role models of popular culture and, in some cases, function as an authority on the subject. The concept of cryptocurrency trading is now a major part of our current lives. The practice of investing and keeping your funds in digital currencies has become widespread. Now is the moment to invest, because you are investing in your future.
Many of the investments of these cultural figures are benchmarks for investments in digital assets. Many of them are famous for their large investments in Bitcoin and other cryptocurrencies.
The list of celebrities who use these assets is extensive, but those mentioned in this post are of great renown due to their great interest in these currencies. Of course, there are still many issues and disagreements about how to change and adapt your life and money to the ever-changing contemporary world.
There are lots of discussions about the pros and cons, but the right approach to the matter and the study of the topic will help to minimize the associated risks for novice investors.