{"id":368749,"date":"2019-01-22T14:09:41","date_gmt":"2019-01-22T14:09:41","guid":{"rendered":"https:\/\/wncen.com\/?p=368749"},"modified":"2024-06-11T07:43:32","modified_gmt":"2024-06-11T07:43:32","slug":"celebrities-may-be-scooping-up-millions-worth-of-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/celebrities-may-be-scooping-up-millions-worth-of-bitcoin\/","title":{"rendered":"Celebrities May Be Scooping Up Millions Worth Of Bitcoin"},"content":{"rendered":"
Bitcoin started out as a grassroots movement. At first, developers, anarchists, and the internet zany were the first to adopt the cryptocurrency. Yet, over time, the crypto community has devolved into an array of demographics, with millions of individuals from across the globe investing time, money, and brainpower to bolster this industry. Recently, reports arose that even celebrities \u2014 and over a dozen at that \u2014 may be scooping up millions of dollars worth of BTC, and\/or investing boatloads of capital into up-and-coming blockchain projects.<\/p>\n
Leave it to the celebrities to hop on the gravy train.<\/p>\n
Celebrities, like common Joes, are simply humans. That means that they too are subject to FOMO. And over the years, especially as Bitcoin and other cryptocurrencies ran several times, this Fear of Missing Out (FOMO) quickly influenced celebrities to make a foray into this nascent industry. Per a recent Business Insider report breaking down celebrities’ involvement in crypto, at least thirteen hotshots, who hail from the music, feature film, fashion industry, and \u2014 surprise \u2014 tech industry, could be holding hefty bags of the world’s favorite digital asset.<\/p>\n
In 2013, as BTC surmounted its long-standing double-digit boundary, Snoop Dogg began to sell his albums for 0.3 BTC a pop. While the foray’s impact was quantified, Snoop set a ball rolling that hasn’t stopped since. Just a year after Snoop’s attempt at taking advantage of crypto-enabled e-commerce, British pop star Mel B sold<\/a> her 2014 Christmas single, “For Once In My Life,” for BTC via CloudHashing. The former Spice Girl purportedly claimed that she’s enamored with the ability “new technology” has to make humanity better.<\/p>\n But, celebrities’ involvement in this sector has gone far deeper than pseudo-guerilla\u00a0marketing through the acceptance of Bitcoin. Madonna purportedly joined hands with Facebook and Ripple for an online fundraiser. Johnny Depp, the eccentric yet extremely successful actor, became a partner at TaTaTu, a blockchain startup focused on providing consumers with rewards for content interaction.<\/p>\n In the realm of sports, Lionel Messi, who sports a jaw-dropping 107 million followers on Instagram, once became a brand ambassador for Sirin Labs, an Israeli startup with visions of providing blockchain-centric smartphones. It isn’t clear how much Sirin paid the soccer powerhouse, but Messi’s involvement in the upstart likely didn’t run cheap.<\/p>\n And while his billionaire peers are mostly skeptical of Bitcoin, Microsoft founder Bill Gates once<\/a> lauded blockchain technology, ballyhooing BTC’s decentralized, cost-effective, and borderless nature in a Bloomberg interview. While has since turned his back<\/a> on the crypto realm, Microsoft has kept its eye on the ball, accepting BTC for its online store, while embarking on a number of blockchain forays.<\/p>\n