The cryptocurrency was not a trendy and cool concept at the time of its development. They were not well-known and very unpopular among ordinary people. The public image of crypto is primarily one of the Internet quirks or geeky technology. But these days, the wild ride of cryptocurrency has begun. As per the coinDesk, bitcoin is trading at $17,000 per coin. Experts are debating its viability. High-profile investors Warren Buffett and Jamie Dimon called it a scam or a mirage. Many crypto investors are worried about a bubble and fear that regulators will crackdown.
However, many celebrities like Jamie Foxx, Floyd Mayweather, and Paris Hilton have not been afraid to get in on the action. Stars have often shared their activities on social platforms to share what they are up to. (As per the Securities and Exchange Commission, it is worth noting that endorsements by celebrities may be illegal if they don’t reveal how they benefit from the publicity. Here’s a list of celebrities that publicly endorse or invest in various cryptocurrencies. Also, if you want to become a better trader, reach out to immediateprofit.io for more information.
1. Cameron and Tyler Winklevoss
The most famous people who invest in bitcoin are also some of the wealthiest. Cameron and Tyler Winklevoss were billionaires as of December 2013. This was due to their $11 million initial investment in the speculative investment.
They are perhaps best known for their 2008 lawsuit against Mark Zuckerberg, Facebook founder, claiming that he stole their concept of creating social networking sites. The twins ended up appearing in the movie version and were rewarded with $65 Million.
2. Elon Musk
Elon Musk is currently the most prominent and influential figure in the crypto market. Musk owns at most 0.25 bitcoin. This was gifted by one of his friends years ago. Elon Musk declared his support for Bitcoin in 2019 and called the design “brilliant.” He updated his biography on Twitter #Bitcoin in January 2022. This caused the bitcoin cost to mushroom by 25% within a matter of days.
He is the CEO of Tesla and bought BTC for $1.5 Billion in February 2022. Bitcoin Treasuries claims that the unrealized returns from this Tesla investment are 75%, or approx $1 Billion.
Elon also is in favor of Dogecoin digital currency. We noticed Musk usually tweets about the coin, which has caused price spikes for this cryptocurrency. Musk’s support and tweets helped Dogecoin reach the leading10 digital currencies in terms of market capitalization by 2022.
3. Ghostface Killah
Ghostface Killah, also called Dennis Coles, made an investment in cryptocurrency as a cofounder of Cream Capital. Cream Capital is a company that aims to create a blockchain ATM network for the facilitation of the use of bitcoin and Ethereum. According to the CNBC reports, the company was looking to boost $30 million via an initial coin offer.
Even those who were close to the company were skeptical about the endorsement. “I believe that any way that cryptocurrencies are visible to the public is a good thing for the market,” Brett Westbrook, Chief Executive at Cream Capital, told CNBC. “I believe that celebrities should understand the importance of their endorsements as well as the fundamental principles of blockchain technology.
4. Jack Dorsey
There is no need for an introduction for Jack Dorsey. The chief executive officer of Twitter is a strong Bitcoin endorser. In 2017, he publicly supported digital currency. In 2017, he began publicly supporting the first cryptocurrency. Jack Dorsey revealed in 2019 that he pays thousands of dollars each week to purchase bitcoins. Jack is also Square’s CEO. He has purchased a total of 8,000 BTC by 2022. The estimated unrealized profit on this investment exceeded 120%.
5. Gene Simmons
Gene Simmons is a huge fan of Cardano digital currency (ADA). He has voiced his support on Twitter for the cryptocurrency and revealed where you could buy Cardano coins. Gene bought Cardano digital currency worth $300,000.00 in February 2022. The ADA price has nearly doubled since then.
Simmons stated in one interview that he owned Ether, Bitcoin, Litecoin, and other cryptocurrencies also. Simmons warns his fans not to invest in particular digital currency just because they or another celebrity supports them.
6. Mark Cuban
Mark Cuban is the crypto’s most controversial figure. He named BTC a bubble during an interview and said that no one expects when it would burst. He voiced concerns about Bitcoin’s reliability in 2019, but Dallas Mavericks accepted bitcoins to purchase tickets that year in the same year.
Cuban said that his bitcoin holdings were esteemed $130. This would be eight times more profit for now. Cuban also considers that Ether digital coin will surpass Bitcoin in the future and that the new Ethereum coin 2.0 will create a new market for all cryptocurrency markets.
7. Floyd Mayweather
Floyd Mayweather expressed his support and interest in cryptocurrency through Instagram. He published a post mentioning Stox.com ICO.” This is a sister website to Invest.com. It is a prediction market for bitcoin.
Again in August, Mayweather used Instagram to support Hubii Network’s ICO, a blockchain-based decentralized marketplace. The boxer captioned a photo of him and wrote, “You can now call me Floyd Crypto Mayweather.”
8. Jamie Foxx
Jamie Foxx, an actor, joined the cryptocurrency revolution in September when he promoted the token sale for Cobinhood. Cobinhood is a zero-cost cryptocurrency trading platform. Foxx tweeted “Looking forward” to the new @cobinhood token! Trading at zero fees
It seems that cryptocurrency is a revolution in full swing with all the famous people and significant institutions betting on it. While it is not clear when or how long the digital currency will be adopted by mass, Bitcoin inevitably has value to the most influential people on the planet. The above list of Biggest Celebrity Crypto Endorsers is not exhaustive. Many other well-known individuals tweet, share and discuss their opinions on Bitcoin and the cryptocurrency market.