Not so long ago, cryptocurrencies were considered a fringe occurrence, something drug dealers and other shady characters use to keep their identity hidden from the authorities while still being able to conduct their criminal activities.
Things have changed in the last couple of years, especially since Bitcoin peaked in its value in 2018. The enormous profit margins, especially for early investors, were shocking and many people wanted a piece of that pie. Plenty of sites are offering crypto investment opportunities, like crypto-profit.io.
That is also why we are seeing a flood of new coins being created and released. Currently, there are almost 4,000 crypto coins on the market. Of course, that is just one side of the story.
The other is investors. Coins aren’t worth much if the developers can’t attract investors to back them up. One of the quickest ways to promote a new coin is to get a celebrity to endorse it.
Since most of the new coins are startups with no real capital behind them, they pay their celebrity promoters in the only currency they have in abundance – their own coins. This has created a situation where Hollywood is flooded with thousands of coins, most of them worthless.
But some celebrities have been able to see the rise of crypto in advance and have jumped on the wagon in the early days. That has allowed them to not only make millions on their bitcoin investments but to also be superbly positioned to capitalize on any new coin that shows promise.
Although Bitcoin is far from its peak after the crash, it still retains considerable value, especially compared to the early days. Even better, many experts agree that the age of cryptocurrencies is still yet to come and that is encouraging news for all investors. If you still haven’t, it isn’t too late to jump on board and start investing.
Ashton Kutcher and Mark Cuban are one of the first investors who backed UnikoinGold. It is a currency developed by the gambling company Unikrn. It can be used to bet on events involving Dota 2, League of Legends, and Counter-Strike: Global Offensive. Ashton also holds an earlier investment in BitPay.
Hugh Laurie didn’t really care about bitcoin or any other cryptocurrencies until a friend talked him into investing in them in 2015. He started small with a $5,000 investment but has since increased his portfolio.
The Microsoft co-founder and one of the world’s largest philanthropists, Bill Gates has been a long-time Bitcoin supporter. “Bitcoin is exciting because it shows how cheap it can be,” he said in 2014. “Bitcoin is better than currency in that that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”
The first British performer to accept Bitcoin as payment for her shows, Mel B is a firm believer in Bitcoin’s future. “I love how new technology makes our lives easier, and to me that’s exciting,” she said upon announcing that she’d be accepting crypto payments. “Bitcoin unites my fans around the world using one currency.”
Back in 2013, Snoop was selling his albums for 0.3 BTC. He never disclosed how much he made, but in today’s money, it would be around $1,000 per album. He also supports the XRP Community Night crypto party.
Gwyneth Paltrow isn’t only giving questionable medical and health advice these days. She is also involved with cryptocurrencies, being the face of Abra, a bitcoin wallet. She also works for the company as an advisor. She follows all news related to crypto and regularly shares articles on her Twitter account.
According to his own statement, Pitbull started investing in bitcoins back in 2012. In 2018, he decided to take it one step further and launch his own cryptocurrency, called Smackathon. It aims to revolutionize payments in the music industry. It is an ambitious plan, but Pitbull is confident that he can pull it off.
Floyd Mayweather Jr.
Floyd Mayweather Jr. has been involved with coins like Stox, Hubii Network, and Centra for quite some time. Certainly, the boxer has plenty of cash to invest, being the world’s best-paid athlete in the last decade.
One of the world’s most famous billionaires and the founder of Virgin, Richard Branson always prided himself in keeping with the times. That is why he hoped on bitcoin wagon quite early and has made a $30 million investment so far. He is also involved with Bitcoin start-up Bitpay.
Mike Tyson’s face tattoo is one of the most recognizable images in the world. That is why bitcoin wallet launched by Bitcoin direct uses it as their logo. Mike is an investor in the project that uses Gildera exchange to allow its users to trade their coins. Mike also launched a Bitcoin ATM system.
Curtis James Jackson, AKA 50 Cent, is a prominent bitcoin investor. He started experimenting with coins back in 2014 when he announced that his album Animal Ambition could be purchased by bitcoin. That decision paid off well since the bitcoin he raked in then were worth more than $7.5 million in 2017.
Johnny Depp has been heavily criticized in the last couple of years for his lavish lifestyle and irresponsible spending. Maybe that is why he has taken steps to improve his financial situation. One of them is teaming up with TaTaTu, a blockchain startup aiming at creating a coin that can be used for purchasing games and movies, or other entertainment items. The new platform has been founded by Andrea Iervolino, who is also involved with the AMBI Media Group.
Nas is one of the most successful rappers in the last few years. Some of the money he earned singing and acting he decided to invest in Bitcoin. Some 420 million of it, to be precise. But that is not all. He also invested in more than 40 startups dealing with cryptocurrencies in the last several years as well.