Bitcoin’s network counts over 5 million users. This cryptocurrency has opened many doors for all of us, which is why it is considered as the future of payments. Each day, thousands of new traders are registering to the network, hence experts believe that it has solid future potential, even though many governments from all around the world deem it as an outlaw.
There are quite a lot of celebrities that have invested in Bitcoin and they too, are a part of the network. That is the main topic of this article. We’ll be taking a look at some of the biggest celebrities that are openly supporting Bitcoin. But first, let’s take a look at the thing that made Bitcoin so popular.
Why Is Bitcoin So Popular?
There are two reasons why Bitcoin is popular and as we mentioned at the beginning, used by more than 5 million people. The first one is the fact that it is superior to regular payment methods and it is the perfect currency to use for online transactions.
Some of the features that make Bitcoin superior to regular payment methods such as credit and debit cards are its instant online transactions, greater security thanks to user anonymity, and the fact that users void all unnecessary fees which are imposed by banks. As you know, Bitcoin is powered by the blockchain technology, which completely excludes banks from the process.
But, the main reason why Bitcoin is used is that it provides people with a chance to make a profit. Currently, Bitcoin is valued at around $40,000 and thanks to its massive value, over 100,000 people in the world have managed to earn $1 million or more.
They do that by obtaining Bitcoin, then trading it at reputable sites such as Bitqh app. These sites use AI systems that help traders sell their assets at the best time, thus maximize their revenue. That is the reason why the aforementioned trading site has such a high profitability rate.
As for using Bitcoin as a payment method, you will be pleased to hear that many of the world’s most reputable brands accept it as a payment method. You can book a hotel with Expedia, purchase an Xbox from Microsoft, buy a coffee from Starbucks, etc.
Now, let’s see which celebrities are affiliated with Bitcoin.
The first celebrity on our list is Logic, a rapper who recently announced that he will retire from music, but is still involved with the industry. Back in September 2020, Logic announced that he will be investing a whopping $6 million in Bitcoin.
During this period, Bitcoin was valued at around $10,000 and if Logic sold his assets during the time when Bitcoin was valued at over $60,000, he must’ve made a massive profit. But, he has kept silent about his investment.
Next up, we have one of the earliest artists that supported Bitcoin. 50 Cent has always been labelled as a smart businessman and his instinct on Bitcoin served him right. Back in 2014, 50 Cent released his 5th studio album titled Animal Ambition. After the album was released, he announced that he will be accepting Bitcoin as a payment method.
Finally, we have one of the smartest people on the planet. Elon Musk is known for supporting innovative ideas and that is the case with Bitcoin. In February 2021, his company Tesla Motors announced that they will be joining the Bitcoin bandwagon by investing $1.5 billion into this cryptocurrency. It is worth noting that Tesla’s investment caused a massive stir and helped Bitcoin breach $50,000 for the first time in history.
Some honorable mentions are Gwyneth Paltrow, Serena Williams, Snoop Dogg, and Paris Hilton.