13 Celebrities Who Back Cryptocurrency And May Own Millions in Bitcoin

  • There’s no shortage of public figures who have advocated crypto as the currency of the future.
  • From artists like Pitbull and Snoop Dogg to actors Johnny Depp and Ashton Kutcher, recent years have seen a surge in the number of celebrities to get involved with cryptocurrencies.
  • Some of them could be in possession of millions of dollars worth of bitcoin.

Up until relatively recently, cryptocurrency hadn’t captured the interest of the general public; it was reserved almost exclusively for the engineers, developers, and entrepreneurs who had been involved in its conception around a decade ago.

However, the bitcoin bubble in 2017 caused cryptocurrencies to soar in value, and led to millions purchasing cryptoshares and even setting up their own mining farms.

Despite the considerable drop in the value of bitcoin over the past year, experts are predicting a new cryptocurrency boom in the near future, possibly from 2020.

With a considerable number of public figures already investing their fortunes in cryptocurrency, more seem to be jumping on board with cryptocurrency for business ventures and more.

Here are 13 celebrities who have publicly backed various cryptocurrencies.

Bill Gates

Despite having reservations about Bitcoin more recently, Gates is one of the most well-known bitcoin-invested public figures in the world.

“Bitcoin is exciting because it shows how cheap it can be,” he explained in an interview. “Bitcoin is better than currency in that that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”

Gwyneth Paltrow

Though Gwyneth Paltrow receives a lot of attention in the media, often for questionable health advice on her lifestyle website “Goop”, the actress is involved in a number of other business ventures too.

Paltrow is another advocate of crypto — in fact, she was the face of bitcoin wallet, Abra, as well as becoming an advisor there from August 2017.

Last November Paltrow shared an article on Twitter on “The Basics of Bitcoin and Crypto Currency, and How to Invest”.

Paris Hilton

Despite controversy over the owner of LydianCoin having been convicted of domestic violence, in September 2017 Hilton stated that she was “looking forward to participating in the new” ICO.

Snoop Dogg

Although it’s not known how many albums he ultimately sold, Snoop Dog was selling them at 0.3 BTC in 2013.

Based on bitcoin value today, he could possibly have earned over roughly $1,000 per album. The artists also made an appearance at an XRP Community Night crypto party.

Ashton Kutcher

As well as founding his own investment firm “A-Grade” in 2010, Ashton Kutcher has invested in UnikoinGold along with billionaire Mark Cuban.

The esports gambling startup responsible for the currency, Unikrn, marketed UnikoinGold as a currency to be used for betting on the likes of League of Legends, Dota 2, and Counter-Strike: Global Offensive.

The actor has also invested in Uber, Airbnb, and BitPay in the past.

Hugh Laurie

British actor, Hugh Laurie, well known for his role as Gregory House, M.D, hadn’t had any particular interest in crypto up until four years ago.

However, in 2015, a friend suggested he invest in Bitcoin, at which time it was starting to rocket in value.

At the behest of a friend, Laurie invested in BTC at the value of $5,000.

Mike Tyson

As well as investing in Bitcoin, Tyson has produced Bitcoin ATMs branded with his face tattoo.

In collaboration with Bitcoin Direct, he also came up with a Bitcoin Wallet with the same branding as the ATM.

In 2015, Engadget reported that he had launched a Bitcoin ATM system, a virtual wallet operated using bitcoins.

Pitbull

In April 2018, Pitbull announced that, in conjunction with eMerge Americas, he would be launching Smackathon — a cryptocurrency to revolutionize payments in the music industry.

Lionel Messi

Lionel Messi became brand ambassador for Israeli company Sirin Labs in late 2017.

Sirin Labs is producing the world’s first crypto smartphone and, according to the his Instagram, the footballer is backing it.

A post shared by Leo Messi (@leomessi) on Dec 7, 2017 at 6:26am PST

Ethereum World News reported at the end of last year that the Finney phone is now available and has a variety of features aimed specifically at crypto users.

Mel B

Mel B became the first British artist to begin accepting bitcoin as payment for her 2014 Christmas single through a partnership with CloudHashing.

Cloudhashing is among the biggest companies in the industry offering bitcoin-mining contracts.

“I love how new technology makes our lives easier, and to me that’s exciting,” said the artist, on announcing that she’d be accepting crypto payments. “Bitcoin unites my fans around the world using one currency.”

Floyd Mayweather Jr.

Floyd Mayweather Jr. has been promoting several ICOs for some time, including Stox, Hubii Network, and Centra.

In 2017, he tweeted:

Madonna

Madonna, along with Bill Clinton, is one of many public figures involved in spreading the word about how easy and secure cryptocurrency is as a payment method.

The Queen of Pop teamed up with Facebook and Ripple last year for an online fundraiser to benefit her Raising Malawi foundation.

Ripple matched each dollar donated to the campaign, with Madonna describing Ripple’s involvement as a “generous commitment” to her organization.

Johnny Depp

While the Johnny Depp has received a lot of tumultuous publicity over the past few years, in part, down to his unusual spending habits, the actor hasn’t shied away from getting involved in crypto.

Last autumn, the actor became a partner at blockchain startup TaTaTu.

According to CCN, the platform rewards users in the form of tokens for interacting with content like films and games.


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Author: Pavel Ramírez and Ruqayyah Moynihan
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Former Australian Cricket Captain Is Backing An ICO

Michael Clarke, a known and important former cricket captain, is now involved in controversy after backing an Australian Initial Coin Offering (ICO). This decision of backing this ICO has gathered a lot of attention and generated controversy among investors, according to Business Insider.

LIONBIT

This is not the first time that a celebrity endorses an Initial Coin Offering. Back in 2017, when ICOs expanded in the market, celebrities such as Floyd Mayweather or DJ Khaled were backing different projects around the world.

In the same way, Clarke supported Global Tech by tweeting about it, but the reception in the famous social media was not good enough. Indeed, John Hempton, founder and chief investment officer at Bronte Capital, linked the endorsement to Steve Smiths ball-tampering situation, that ended his captaincy in 2018.

After it, Hempton published a blog post (which has been now deleted) related to the situation about Bronte Capitals website. The post says that after promoting the ICO, his reputation was seriously damaged. Moreover, they pushed him to reconsider his decision of endorsing Global Tech.

After these comments, Clarke blocked him on Twitter and Hempton wrote back saying:

Hey, I got blocked by an ex Australian cricket captain for suggesting an ICO might be bad for his reputation.

Regulators from different countries noticed an increase number of endorsements from celebrities and other social media influencers. At the moment, it is not clear whether the Australian Securities and Investments Commission and the Australian Transaction Reports and Analysis Centre took action on what Clarke did.

TIP

In the past, one important regulatory agency, the U.S. Securities and Exchange Commission (SEC) released a warning in which they explain the risks of investing in celebrity-backed Initial Coin Offerings.

Investment decisions should not be based solely on an endorsement by a promoter or other individual. Celebrities who endorse an investment often do not have sufficient expertise to ensure that the investment is appropriate and in compliance with federal securities laws. COnduct research before making investments, including in ICOs.

In some cases, if the project is a fraud or Ponzi scheme, the celebrity backing the ICO could even face jail sentences or pay an expensive fine.


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Author: USETHEBITCOIN
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