Source:businessinsider.com

7 Famous People You Didn’t Know Were Bitcoin Traders

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Bitcoin, and cryptocurrency in general, is a 21st-century phenomenon that is only getting bigger. Bitcoin stocks have risen dramatically since their inception in 2009. People are growing more accepting of Bitcoin, with 1 out of 10 of the adult population in the United States admitting to investing and trading in Bitcoin and even more admitting to investing in other cryptocurrencies.

The number of cryptocurrency traders and investors is in the millions, and we do not doubt that the network will continue to grow. Some well-known celebrities are associated with Bitcoin and actively invest and trade in digital currency. The more technically gifted a star is, the more likely they are to be early adopters.

Names like Elon Musk, Brian Armstrong, and Bill Gates are included, but there are other stars outside of the tech bubble that you might not have anticipated to be a propagator of this technology.

1. Jack Dorsey

Source:tynmagazine.com

Twitter’s and Square’s CEOs’ passion for BTC began in 2017 when he began pushing for the king coin. Despite the digital currency’s lowest point in recent years, Dorsey was undeterred, dubbing Bitcoin the future world currency. Dorsey resumed buying bitcoin in March 2019, paying several thousand dollars each week, and Square purchased 4,709 bitcoins under his supervision in October 2020.

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2. Mark Cuban

Source:foxbusiness.com

Mark Cuban, the Shark Tank star and owner of the Dallas Mavericks, has a love-hate relationship with bitcoin. His net worth is estimated to be $4.2 billion. At one point, he advised people to put at least 10% of their money into Bitcoin but later admitted that he preferred bananas to Bitcoin. He announced his bitcoin holdings in April 2020, which were valued at a meager $130 (now worth roughly $635). Cuban later clarified that he had held a variety of other cryptocurrencies since the inception of Coinbase.

3. Gwyneth Paltrow

Source:thenextweb.com

Gwyneth Paltrow, one of the most powerful women of 2019, joined the famous Bitcoin firm Abra as an advisor in 2017 when the cryptocurrency industry was expanding and reaching all-time highs.

Paltrow has supported Bitcoin on Twitter in an article on her website Goop, which she launched in 2008. It was the first time Goop mentioned Bitcoin (BTC). Although little information about her assets is available, working for Abra and having an interest in Bitcoin may have motivated her to buy Bitcoin.

4. Jamie Foxx

Source:cnbc.com

Jamie Foxx, an Oscar winner, has been a backer of bitcoin since 2017. Foxx expressed his interest in trading bitcoin and tweeted in support of Robinhood, a cryptocurrency exchange. He penned, “I’m excited to take part in the new @Robinhood Token! ZERO FEES FOR TRADERS!” On the other hand, some investors dislike celebrity endorsements since they believe it is one of the worst ways to enter into investing.

5. 50 Cent

Source:businessinsider.com

Although the rapper’s stage name isn’t particularly valuable, he is well-known for becoming an ‘accidental’ Bitcoin millionaire. He launched his album Animal Ambition in 2014 and was one of the first musicians to take Bitcoin as payment. The rapper, also known as Curtis Jackson, received over 700 Bitcoins as part of the trade but promptly forgot about it until the new all-time high BTC prices in 2017 inspired some people to check their Bitcoin holdings!

6. Richard Sherman

Source:tmz.com

Despite being advised against investing in cryptocurrencies, the famed NFL cornerback has become a strong supporter of the blockchain movement and has invested in and owns a number of other cryptocurrencies in addition to Bitcoin. Sherman began investing in Bitcoin when fans inquired if they could buy products from his website using digital currency.

He laments not keeping the bitcoins in their original form, as he converted them to US dollars afterward. Sherman claimed that he bought Bitcoin for $1,000 and made a profit of $20,000 from it. Sherman is also a celebrity investor and ambassador for Robinhood, a cryptocurrency exchange that allows users to trade without paying a charge.

7. Amitabh Bachchan

Source:pinterest

Amitabh Bachchan, a well-known Bollywood celebrity and superstar, spent $250,000 in a personal investment fund in Meridian Tech Pte, a Singapore-based company, over the course of two years alongside his son, Abhishek Bachchan.

Big B, as his followers call him, profited handsomely from the Bitcoin boom, with his stocks soaring by 2,500 percent. The Bachchans received 250,000 shares in the LongFirm corporation, for a total of $17.5 million based on the stock price per share.

Meridian describes itself as a company that provides blockchain-based solutions as well as cryptocurrency-based microfinancing.

Bonus Celebrity – The Winklevoss Twins

Source:foxbusiness.com

Since 2013, Cameron and Tyler Winklevoss, the Winklevoss Twins, have been investing in Bitcoin. They are regarded as the first Bitcoin billionaires, having purchased approximately $11 million in Bitcoin six years ago. Bitcoin has increased at an exponential rate since that time, surpassing $20,000 in 2017.

Both are Olympic rowers who competed in the men’s pair rowing event at the 2008 Beijing Olympics. They are also the co-founders of the Harvard Connection (or ConnectU) with classmate Divya Narendra. Both of them filed a lawsuit against Mark Zuckerberg, alleging that he stole the ConnectU idea and used it to establish Facebook, the world’s most popular social network.

The twins are also the proprietors of Gemini, a cryptocurrency exchange that has assisted many Americans in purchasing Bitcoin and other virtual currencies. It is also one of the few companies in New York to have been granted a BitLicense by the local regulatory authorities. The twins are, as previously stated, two of the wealthiest Bitcoin investors.

Conclusion

With all of these well-known personalities, as well as major firms and organizations, betting on Bitcoin, the revolution appears to be well begun. Although it is unknown if Bitcoin will be widely acknowledged or if and for how long it will keep its current value, we do know that it has value in the eyes of the world’s most influential people.


Ricardo is a freelance writer specialized in politics. He is with foreignpolicyi.org from the beginning and helps it grow. Email: richardorland4[at]gmai.com