Saturday, 23 June 2018

CELEBRITIES WHO MADE MONEY ON BITCOIN

Despite the constant rise and surge in the value of Bitcoin, the pioneer cryptocurrency is surely a good investment opportunity for many. And if you thought that it was mainly reserved for the inconspicuous persons, then this piece might prove you otherwise. Bitcoin has caught the attention of many celebrities with disposable income, stirring discussions and fostering investments into the number one cryptocurrency. Some of the most renown celebrities who have placed their stakes in the Bitcoin industry include;

BILL GATES

You must have severally come across this personality, the founder of Microsoft and one of the richest persons in the world. Bill Gates believes that Bitcoin is exciting because of how cheap it can be. In fact, currently, Microsoft accepts Bitcoin as a means of payment for its products. According to Bill Gates, Bitcoin is a tour de force where governments are going to soon play a dominant role.


RICHARD BRANSON

The founder of Virgin Group comprising more than 400 companies and one of the richest persons in the world is another household name that has made the Bitcoin market play to his advantage. He has invested in the Bitcoin payment processor, BitPay. Having pumped up to $30 into the project, he strongly believes that Bitcoin is a large industry where people have made a fortune.


FLOYD MAYWEATHER JR

The boxing champion, Floyd Mayweather Jr, is seemingly taking his wins beyond the confines of the boxing ring by jumping into the cryptocurrency bandwagon, which has been a boom for many other celebrities. At a time when many governments around the world were launching crackdowns on ICOs (Initial Coin Offerings), the boxer made a move to promote a scheduled ICO of the digital currency startup Centra. On his 14th, September, 2017, tweet, Mayweather disclosed that he has been taking advantage of Titanium Centra Card to use digital currencies such as Bitcoin and Ethereum in his business transactions.


50 CENT

During the launch of his album, Animal Ambition, in 2014, the rapper jokingly accepted Bitcoin as a means of payment, making up to $400,000 worth of Bitcoins, whose value stood at approximately $662. He is now a Bitcoin millionaire, with the current Bitcoin value standing at $7867 after a surge from a value of over $10,000.


JULIAN ASSANGE

Do you remember Wikileaks? The international non-profit organization that publishes secret information mainly targeting governments. Well, its founder Julian Assange claimed that they made a 50,000% returns on their Bitcoin investments that can be traced back to 2010. Assange adopted Bitcoin as a means of payment to Wikileaks after the US government forced major payment companies such as Visa and Mastercard to block their products being used to pay Wikileaks. As outlined on reputable cryptocurrency forums such as https://www.abitgreedy.com/, Bitcoin and other cryptocurrencies allow for anonymous payments among users, and can easily be moved from one party to another across the world without third-party interference.


MIKE TYSON

The former boxing champion expressed his interests in the Bitcoin market and even took it further by launching a Digital Wallet for Bitcoin in 2016. In 2015, he released 100 Branded Bitcoin ATMs n Las Vegas, with the promise of helping Bitcoin users and investors turn their Cash into Bitcoins in under 20 seconds. After the launch of the ATMs, Tyson teamed up with Connexus Subsidiary, Bitcoin Direct, to introduce a Digital Wallet into the Bitcoin industry. The wallet allows users to store, purchase, or sell Bitcoin.


TYLER AND CAMERON WINKLEVOSS

In 2004, these twin brothers sued Facebook Founder, Mark Zuckerberg, on the grounds that he stolen their ConnectU idea to create the popular social site. They ultimately received $65 Million from the suite. Years later, the brothers have resurfaced as Bitcoin investors, with $11 Million worth of Bitcoin investments that can be traced back to 2013 when they told the New York Times of owning nearly 1% of the digital asset in circulation.

Despite the controversy surrounding Bitcoin’s long-term implications, Cameron told CNN Money in 2015 that they are in the business to stay. In the same interview with CNN Money, Tyler expressed that if Bitcoin is a ‘better-gold,’ then there stood a possibility that the digital asset in trillions, in terms of market capitalization.


TIM DRAPER

Timothy Draper is a famous Venture Capitalist who received a wide coverage in 2014, when he bid for and won all the 30,000 Bitcoins in the auction run by the U.S Marshals Service. The Bitcoins had been seized from the drug lord Ross Ulbricht, which had a market price of approximately $600 at that time. Today, Bitcoin is selling at more than 10 times the $600 market value, meaning that its all profits for Draper.


PARIS HILTON

Paris Hilton is a well-known entrepreneur and former reality TV star who showed a lot of interest in the cryptocurrency world from 2016. In September that year, she announced that she would be participating in an Initial Coin Offering (ICO), for LydianCoin, a platform that was aimed at combining its blockchain with artificial intelligence-driven marketing. ICOs are generally run in the two topmost cryptocurrencies- Bitcoin and Ethereum. SThe celebrity has however distanced herself from the project after the CEO of LydianCoin, Gurbasksh Chahal, was found guilty of domestic violence.


SNOOP DOGG

In a tweet dated 1st December, 2013. Snoop Dogg made it public that his subsequent records would be available in Bitcoin. From the tweet which might have been posted as a joke, the news spread like wildfire to many Bitcoin users and crypto-platforms. Coinbase and BitPay are examples of crypto-platforms that quickly answered to the tweet, with the former quoted as replying, ‘we could make the Bitcoin part a reality for you.” The American hip-hop star replied to the tweet days later, with the remarks, “I want to make it happen.” From the amount of interest it has so far attracted from many celebrities, Bitcoin is seemingly a cryptocurrency that is there to stay.

source: neconnected.co.uk
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