Bitcoin has been an instrumental investment tool since its 2009 launch, with millions of people worldwide buying coins with the sole purpose of selling them when the price is right. Its price was a tiny fraction of a penny during the first year, but by 2010, it had jumped to $0.09. This was only the beginning, as one Bitcoin is worth approximately $16,000 nowadays. The increase compared to the early days is extraordinary, so the investment clamour is no surprise.
Bitcoin
But Bitcoin isn’t solely used as an investment strategy. Numerous practical applications are possible in 2022. Online gamblers are some of the most frequent cryptocurrency users, as they can play with full anonymity and security. You can play at a Bitcoin casino and enjoy anything from slots to table games. It’s well worth checking out.
Despite its practical applications, Bitcoin is still used predominantly for investment purposes. Some extremely famous celebrities use the cryptocurrency as an essential part of their overall portfolio, ready to take advantage of any price spikes at a second’s notice. Stay with us for a detailed briefing on Bitcoin investing and the celebrities taking advantage.
Investing in Bitcoin: is it worth it?
Before getting into examples of celebrities who have invested in Bitcoin, let’s take a minute to explore whether it’s worth it for the average individual. People often ask, why invest in cryptocurrency? The answers are many and varied.
Most people speculatively buy crypto, hoping the price will jump far above what they originally paid. This has happened in many cases, but some currencies have also completely tanked. One significant Bitcoin characteristic is its security from inflation, with the number of coins capped at 21 million. Experts hope this will keep its value increasing consistently, and is another reason why many people invest in it. With the news that important financial centers like Gibraltar are slated to become crypto hubs, the sky’s the limit.
10 celebs who known for Bitcoin investments
Generally speaking, celebrities have more than enough money to spend on Bitcoin investments. Look below for the most renowned:
Snoop Dogg
The rapper Snoop Dogg, one of the earliest celebs to utilize the crypto, got involved with Bitcoin in 2012. He sold numerous copies of “Bush”, his 2013 album, for 0.3 Bitcoin. Nobody knows how much Bitcoin Snoop is sitting on, but it’s probably a lot.
Lionel Messi
One of the highest-paid and most successful athletes in history, Lionel Messi is also a keen advocate for blockchain technology. The Argentinian is a worldwide brand ambassador for Sirin Labs and consistently supports the industry on Instagram.
Richard Branson
Richard Branson doesn’t exactly need any more money, but his interest in Bitcoin stems more from curiosity and excitement about its potential. He joined a $30m financing initiative launched by BitPay in 2014, signalling his intent.
Elon Musk
As one of the modern world’s most prominent entrepreneurs and businessmen, there’s no wonder Elon Musk has invested in Bitcoin. His firm has invested almost $2bn in Bitcoin since its launch, causing the price to skyrocket back in January 2021.
Floyd Mayweather Jr.
The world-famous boxer Floyd Mayweather Jr. will go down in history as one of the best to ever set foot in the ring. However, outside of boxing, he is also a keen investor with an extremely impressive portfolio. A famous tweet from 2017 showed just how much Bitcoin the fighter had accrued.
Maisie Williams
Maisie Williams tweeted asking for help from her followers regarding Bitcoin in 2020. Two years later, she’s somewhat of an expert. The Games of Thrones actress has invested in other cryptos to, proving her zeal for the consistently expanding cryptocurrency industry.
Paris Hilton
Paris Hilton has been a long-term crypto investor since 2016. The businesswoman and socialite allegedly named her dogs Crypto Hilton and Crypto Reum, which is a pretty striking example of her passion for Bitcoin and other cryptos.
Ashton Kutcher
The Hollywood star Ashton Kutcher is known for countless popular roles. However, more recently, the actor has emerged as an important supporter of blockchain technology and cryptocurrencies as a whole. He has been a long-term Bitcoin supporter, in particular, greatly helping the currency reach new levels of popularity.
Serena Williams
One of the most successful players in tennis history, Serena Williams is also a keen investor. She has bought plenty of Bitcoin over the years, also helping to fund other companies operating in the cryptocurrency niche.
KSI
KSI started life as a YouTuber, quickly gaining fame for his charismatic and energetic gaming videos on things like FIFA. Fast-forward little more than a decade, and he’s one of the richest influencers in the game. Despite some reported losses from Bitcoin in recent times, he’s still a pivotal investor in the currency.