Popular singers, boxers, and actors have expressed their support for cryptocurrencies by actually purchasing them. Most celebrities began investing in cryptocurrencies by attending an Initial Coin Offering (ICO) event that sees a specific cryptocurrency sell a percentage of itself via tokens. In return, these cryptocurrencies are praised, endorsed or mentioned by celebrities publicly thereby gaining more funding for such virtual currencies. A few of the celebrities who are into cryptocurrencies are the following:
Ashton Kutcher is one of the celebrities who invested in cryptocurrency during its early stages. Back in 2014, Kutcher posted information about the cryptocurrency Ethereum on his Twitter account before its actual release a year later. Currently, Ethereum is one of the world’s biggest cryptocurrencies. A single Ethereum is now priced at $830. Besides Ethereum, Kutcher similarly invested in Bitbay – a Bitcoin processing service. He also posts regular news on Bitcoin to his millions of Twitter followers.
Singer Katy Perry was convinced of cryptocurrency’s value when she received cryptocurrency advised from business magnate and philanthropist Warren Buffett. Since then, she has been a supporter of cryptocurrencies. She later created an Instagram post advertising cryptocurrencies. She painted her nails using logos of cryptocurrencies.
50 Cent also cashed in on cryptocurrency by accepting bitcoin from users who purchased his 2014 album titled Animal Ambition. The rapper received 700 bitcoins, with each bitcoin priced at $660 each. He left the bitcoins alone until 2017 when its value increased to as much as $19, 850. 50 Cent discovered that the total value of his bitcoins since 2014 is now almost $14 million. Currently, his digital currency is now valued at $8 with each bitcoin priced at $10,000.
The founder of Virgin Group, Richard Branson, invested as much as $30 million in Bitpay – a bitcoin startup – back in 2014. Prior to his cryptocurrency investment, he publicly declared that he will allow bitcoins as ticket payment for his Virgin Galactic – his up and coming travel commercial space service as early as 2013. After his announcement, he received purchases amounting to six bitcoin after a mere months. Branson expressed his optimism on the future of Bitcoin back in 2014 and he is still supporting it. Just last year, he invested on Blockchain – a bitcoin service provider.