Famous BTC Investments
Bitcoin offers various advantages as an alternative payment method and currency. Even though at first many people thought it was another scam and could not fully understand the benefits of the blockchain network, today cryptocurrency has attracted a lot of investment from reputable organizations that have shown the contrary.
Today, there are around 70 million Bitcoin wallets around the world, and it is estimated that over the past decade, around 100,000 people have become millionaires through the growth of Bitcoin.
Some of the people who support and have invested in Bitcoin are celebrities, including famous companies. In this article, we explore some of the most famous Bitcoin investments and their impact on cryptocurrency.
Square is a reputable company providing business point-of-sale solutions and mobile payment services. It has grown rapidly over the years, and as a modern business it is no surprise that it has seen the potential of Bitcoins.
Square backed Bitcoin by investing $ 170 million in BTC, shortly after Tesla made its famous $ 1.5 billion investment. This company now owns around 8,027 Bitcoins and also accepts BTC payments.
Both Tesla’s and Square’s investment impacted Bitcoin’s credibility, and it also raised the price of digital currency as the crypto market is still small, and this type of event definitely upsets the trajectory. of the price of Bitcoin. After the investments, Bitcoin’s value climbed to $ 60,000 in March.
Michelle Phan is a famous YouTuber who was one of the first content creators on the platform to gain over 1,000,000 subscribers. Since her fame on YouTube, she has grown her successful makeup brand Em Cosmetics and used her fortune to invest in other start-ups – like Thematic, a start-up that helps people use music without violating the copyright. copyright. Michelle Phan also shared her take on Bitcoin as she started researching Bitcoin in early 2011 and invested in cryptocurrency.
If you also want to buy Bitcoin, there are accessible online trading sites that offer this option. For example, News spy offers automatic trading to its users, which means that they can trade on the platform even if they lack the time or skills. The whole process is automated, while the system has a high rate of return of up to 70%. Another advantage is that you only pay a 2% commission when you make a profit. You can start trading by depositing at least $ 250.
50 Cent is a famous American rapper, actor and producer, and he is also one of the early supporters of Bitcoin, when a Bitcoin was only worth around $ 662 in 2014. He is also one of the first celebrities to accept BTC payments.
So, during the release of his album Animal Ambition, the rapper announced that he would also accept BTC purchases. It is claimed that 50 Cent has around 700 Bitcoins, and thanks to the latest cryptocurrency bull cycle, its investment would be worth a fortune today.
Marc Andreessen is a famous entrepreneur who is recognized for having developed the first web browser and software engineer. He is the co-founder of the venture capital firm Andreessen Horowitz. Marc Andreessen publicly expressed his take on Bitcoin, and he also wrote an article, “ Why is Bitcoin Important? for the New York Times. He has invested around $ 50 million in Bitcoin-related start-ups.
In conclusion, Bitcoin is one of the most valuable assets and many investors, including celebrities, have treated it as a safe haven asset. So, in the future, we are waiting for even more attention regarding the cryptocurrency, as the supply of BTC is decreasing, there is only 21 million BTC and, at the moment, we have mined about 80% of the total number of tokens.
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