Celebrities Who Have Jumped On the Cryptocurrency Bandwagon

Just a couple of years ago, nobody had heard of Bitcoin. Today, the cryptocurrency is experiencing a meteoric rise in popularity. People use it to purchase anything from gifts to playoffs tickets to homes. It’s hot stuff. Hackers are trying to steal it (sometimes successfully) and everybody wants a piece of it.

And while experts warn that a cryptocurrency crash is inevitable, many celebrities are jumping on the trend. Here are a few who are passionate about the cryptocurrency revolution:

Famous People Invested in Cryptocurrency

●     Ashton Kutcher

Actor Ashton Kutcher is also a big tech investor. His venture capital firm, A-Grade Investments, has funded Airbnb and Uber, and Kutcher is enamored with the “decentralized technology” offered by Bitcoin and other cryptocurrencies. He said, “The notion that we could civically monitor each other in an anonymous way actually keeps the anonymity of the Internet. We don’t have to worry about Big Brother. And that same infrastructure that built out Bitcoin could be used in the security industry for mass good.”

●     DJ Khaled

Musician and producer Khaled has become involved in ICOs or “initially coin offerings” which are fundraising efforts for digital tokens but without the regulations of IPOs. In particular, Khaled was promoting Centra, a digital wallet app where users can store their digital currency. It is not known whether Khaled is still involved with Centra, as the app has been plagued with numerous issues.

●     Donald Glover, Jr. / “Childish Gambino”

Actor, comedian, writer, director, record producer, singer, songwriter, and DJ, Glover is perhaps best known as rapper Childish Gambino. He has spoken favorably about cryptocurrency since 2013. He says, “I know a lot of people are skeptical, but I feel like if everything’s going to live online, why not Bitcoins? Being backed by gold seems very old and nostalgic to me.” Glover added that the cryptocurrency path “makes more sense.”

●     Floyd Mayweather, Jr.

Boxing champion Mayweather may have a rocky reputation — he faces accusations of domestic violence — was also involved with Centra. Last September, he went so far as to encourage his Facebook followers to invest in the initial Centra Token offering. However, a class-action suit against Centra alleges that Centra violated US security laws, and it is not known whether Mayweather has severed ties with Centra or remains involved.  For the full story, read here.

●     The Game

Hip-hop recording artist and marijuana entrepreneur The Game became involved in an ICO for Paragon, a tech company, in August. The Game says he hopes to start “a cannabis revolution with blockchain.”

●     Ghostface Killah

Rapper Ghostface Killah (Wu-Tang Clan) is an investment partner in Cream Capital, which is currently building what it says is the largest cryptocurrency ATM network. Its digital token is called Cream Cash.

●     Gwyneth Paltrow

The A-list actress and entrepreneur recently joined bitcoin-based wallet startup Abra as an advisor.

●     Jamie Foxx

Oscar-winning actor Jamie Foxx is a newcomer to cryptocurrency. He recently tweeted about Cobinhood, a cryptocurrency trading exchange that charges no trading fees: “Looking forward to participating in the new @cobinhood Token! ZERO fee trading!” However, experts say that Cobinhood represents a bubble for cryptocurrency.

●     Lionel Messi

Football superstar Lionel Messi is a global brand ambassador for Sirin Labs, developer of the blockchain-based secure smartphone/all-in-one PC. After Messi wrote to his 90 million Facebook and Instagram followers that he was excited about blockchain, the number of people aware of the technology increased dramatically.

●     Mel B

Former Spice Girl Mel B was quick to recognize the potential of cryptocurrency in 2013 and was the first musician to accept Bitcoin as payment for her music. “Bitcoin unites my fans around the world using one currency,” she said back then.

●     Mike Tyson

Boxing star Mike Tyson’s company, Mike Tyson Bitcoin, offers a Bitcoin ATM and wallets to store and trade cryptocurrency. “In a few years from now Bitcoin and other digital currency are going to be a normal part of our monetary systems,” Tyson said in a statement for the app.

●     Nas

Rapper Nas is also a venture capital investor through his company, QueensBridge Venture Partners. He has invested in the Bitcoin-related Coinbase, a digital wallet company, as well as other startups. VC investor with his firm QueensBridge Venture Partners. He’s invested in numerous startups including the Bitcoin-related Coinbase, a digital wallet company.

●     Paris Hilton

Paris Hilton, the Hilton empire heiress and a former reality TV star, has backed the ICO of LydianCoin, a cryptocurrency. She tweeted, “Looking forward to participating in the new @LydianCoinLtd Token!”

●     Roseanne Barr

Actress and comedian Roseanne Barr is provoking commentary with her tweet, “Hey, all: let’s really understand #bitcoin it might be better than removing the federal reserve, and faster way 2 end satanic ritual rule.”

What This Means For You

While some celebrities are making a splash in the cryptocurrency world, some are creating wise partnerships, and others… not so much. Like with any investment or new technology, you are better served by following the advice of experts rather than celebrities.

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