Celebrities are Endorsing Cryptocurreny More Than Ever Before

Because cryptocurrency is prevailing over the world, the number of crypto enthusiasts are also increasing. Not only are celebrities now funding the company themselves, but they’re influencing the multi million audience of it to expand as well. Carrying immense potential to increase the knowledge and awareness about the crypto universe, these celebs are like marketing robots in flesh.

Making use of the fact that they’re public figures, a lot of celebrities have often made use of their social media presence to let everyone know what they are involved in. The celebrities hyping cryptocurrencies ranges from rappers to professional athletes; here’s a look at some celebrities who are publicly involved in different cryptocurrencies, directly or indirectly.

50 cent

The celebrity with perhaps the most amusing story involving bitcoin is of rapper 50 Cent.  He allowed his album Animal Ambition to be purchased via bitcoin back in 2014.  After that, his account lay unused for years and it was only recently he uncovered that he is now a bitcoin millionaire.  How did this happen? Back in 2014, the worth of a single bitcoin was $662, and so the fans bought his album accordingly. But because the value of bitcoin has since then risen steeply, the $400,000 that 50 Cent made back then made him a $7 million to $8.5 million earlier this year. It wasn’t just him who was surprised but the news acted as a catalyst for the cryptocurrency movement.

 Ashton Kutcher

Vastly known for his career in acting, the Hollywood star is also a formidable tech investor sideways. Mr.Kutcher has for a while now been a  fan of the blockchain technology.

He even spoke of “decentralized technology” that has allowed bitcoin to function several years ago at a TechCrunch conference.

“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,” said the star “And that same infrastructure that built out Bitcoin could be used in the security industry for mass good.”

Floyd Mayweather Jr

Mayweather, the polarizing boxing champion, has on several occurrences not only indicated his own involvement in crypto, but also publicised about it to millions of his fans on Facebook and Instagram.

Mayweather yet again made use of Instagram to show his support for blockchain based decentralized marketplace. Captioning his picture:

“You can call me Floyd Crypto Mayweather from now on.”

Lionel Messi 

Football sensation, Lionel Messi has become a global brand ambassador for Sirin Labs, a company that develops blockchain based secure smartphones and all in one PC. Given his 90 million fans on social media,  the athlete’s support for the cause is bound to increase awareness of the technology.

Paris Hilton

Heiress to the Hilton empire and former reality TV star Paris Hilton has, too, echoed her interest in the cryptocurrency market since 2016. She even tweeted about it in a now-deleted tweet saying “Looking forward to participating in the new @LydianCoinLtd Token!”  according to the Guardian reports, where she said for herself to be participating in the initial coin offering.

DJ Khaled 

Rapper and producer DJ Khaled has been endorsing ICO of Centra. Not only did he post a photo with a Centra card on Instagram, but he also posted a video, in which he spoke about storing and using various cryptocurrencies. Both of these reached millions of his followers effortlessly, proving to be a marketing platform for the tech company.

Jamie Foxx

Producer and actor Jamie Foxx tweeted about the cobinhood token. With five million people following him, the tweet can be said influential in endorsing the ICO of Cobinhood, which is a ‘zero trading fee cryptocurrency exchange’.

The Game

The hip-hop musician, who is also a marijuana entrepreneur, went to an ICO for the tech company Paragon in August. This was where he did a video on Twitter, promoting the token by saying that he hopes to start  “a cannabis revolution with blockchain,” referring to the software behind digital assets.

Experts are trying to warn about an inevitable cryptocurrency crash and hackers trying to steal it, and in some cases becoming very successful. With such an overwhelming interest from celebrities and increasing people who want to be involved with crypto, it is inevitable for the technology to reach its highest potential, even more so than it has already.

Malaika Iqbal

Young aspiring individual, writing what matters to the millennials. Contributes guest posts to BlockPublisher with industry news & emerging startups in the blockchain space. Email: editor.startups@blockpublisher.com

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