5 Celebrities Who Invested In Crypto And NFT
The number of cryptocurrency investors has reached millions as a result of the growth of the market, and we have no doubt that the network will continue to expand. In keeping with the topic of crypto investors, do you ever wonder which celebrities invested in cryptocurrencies and NFTs? With Tokenize Xchange, let’s reveal them.
1. Elon Musk
Elon Musk, the CEO of Tesla, has been one of the most well-known proponents of cryptocurrencies, and his comments on social media frequently spark significant trading activity.
Tesla’s $1.5 billion investment in Bitcoin, which was made public in February 2021, increased interest in the currency. The famously unstable cryptocurrency’s price surged to almost $70,000 in November of last year before plummeting.
Moreover, Musk has even made light of the possibility of DOGE serving as the world’s reserve currency.
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‘The point is that dogecoin was invented as a joke, essentially to make fun of cryptocurrency,’ Said Elon Musk ‘Fate loves irony. What would be the most ironic outcome? The currency that started as a joke in fact becomes the real currency. To the moon!’
2. Snoop Dogg
The next celebrity who is involved in cryptocurrency is Snoop Dogg, who is so well-known you don’t even have to be a fan of rap to recognize him.
Snoop Dogg is arguably the most well-known star in the Web3 zeitgeist, but he has a history of being an early user.
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Reincarnated, Snoop’s debut reggae album was scheduled for release in 2013, and Snoop announced that he would accept Bitcoin as payment for it. It’s unclear how much money he made because some fans bought the CD using bitcoin, and he hasn’t spoken out about it since. What is known is that the album was priced at 0.3 Bitcoins.
Earlier this year, Snoop made his plans to turn the record label Death Row Records into an “NFT label” public. Soon after, a token from his first NFT collection, “Journey of the Dogg,” brought more than $100,000 when it was auctioned off.
In an interview with CNBC, Snoop said: ‘I know [NFTs] have a great opportunity to be big in music because sooner or later the labels are going to have to come on in.’
3. Paris Hilton
The third one on the list – that might surprise you – is the famous (or infamous?) heiress of the Hilton Hotel fortune: Paris Hilton.
Paris Hilton, a well-known socialite and media personality who has been investing in cryptocurrencies for six years and counting, says, ‘I really genuinely believe in them.’ She made significant bets on cryptocurrencies, non-fungible tokens (NFTs), and the metaverse right now because of this.
Hilton says she started investing in both BTC and ETH back in 2016, although she did not specify how much. Data from Coin Metrics shows that at the time, one BTC was worth about $1,000 and one ETH was worth about $10. Today, their respective values are above $38,000 and $2,640.
In April 2021, Hilton launched her first NFT drop in partnership with digital artist Blake Kathryn after promoting the work of NFT upstarts Fewocious, Pak, and Friendswithyou on social media. Additionally, she is the reason Jimmy Fallon joined the Bored Ape Yacht Club, which the two talked extensively about on his late-night program.
4. Mike Tyson
One of the greatest heavyweight fighters of all time, Mike Tyson, has been involved with the cryptocurrency industry. Early in his career, Tyson was known as “Iron Mike,” then “Kid Dynamite,” and finally “The Baddest Man on the Planet.” And the Baddest Man on the Planet now is a crypto enthusiast.
This June, he asked his 5.7 million Twitter followers how high they believe the price of the cryptocurrency Solana (SOL) will go after declaring last week that he is “all in” on it. “How high do you think Sol will go?” he tweeted on Jan15.
In conjunction with the artist Cory Van Lew, Mike also debuted his own NFT collection on Opensea in August last year. According to the collection’s description, ‘The Mike Tyson NFT Collection is a limited-edition series of NFTs that commemorates the famous life and legacy of the Baddest Man on the Planet, Mike Tyson.’
5. Mark Cuban
The last one on the list of 5 celebrities who invested in crypto is a billionaire the crypto community is familiar with: Mark Cuban.
Mark Cuban is an American media and television personality, and a billionaire entrepreneur whose net worth is estimated to be $4.7 billion. He is rated No. 177 on the 2020 Forbes 400 list. He is also a co-owner of 2929 Entertainment and the owner of the Dallas Mavericks, a professional basketball franchise in the National Basketball Association (NBA). Additionally, he is a significant “shark” investor on the ABC reality show Shark Tank.
Additionally, Mark Cuban now invests primarily in cryptocurrency.
On a recent episode of the podcast “The Problem With Jon Stewart,” Cuban stated, ‘The investments I’m making now are not in traditional businesses,’ Actually, ‘80% of the investments that I make that are not on ‘Shark Tank’ are in or around cryptocurrencies.’
Decentralized autonomous organizations, or DAOs, are one particular organization with Cuban’s interest. he really looks to invest there, he declared.
Additionally, Cuban is optimistic about smart contracts, which are groups of code that execute a set of directives on the blockchain and power decentralized applications. DAOs, as well as other crypto projects like DeFi, Dapps, and NFTs, are made possible thanks to smart contracts.
Besides 5 celebrities we mentioned above, there’re many other famous ones who are attracted to blockchain technology like Bill Gates, Gwyneth Paltrow, Kanye West, Serena Williams, and so on.
Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.