The top 5 celebrities who support and love crypto that you should know.
Without even mentioning the recent Cult of Dogecoin, the cryptocurrency industry has skyrocketed in the last few years thanks to its early backers, developers, and well-known celebrities who helped spread the word. In reality, several celebrities have recently been caught up in the frenzy surrounding cryptocurrencies, especially because non-fungible tokens (NFTs) have expanded the universe of famous people endorsing digital assets to entirely new heights. Elon Musk and Mark Cuban, two powerful people, have backed other blockchain applications including decentralized finance (DeFi). These opportunistic overtures from the wealthy and famous are nothing new, and many people think that celebrities’ engagement in 2017 was a sign that the bull market’s peak was close by. In 2021, things will undoubtedly be considerably different.
One of Cardano’s most ardent supporters was Gene Simmons, the bassist, and frontman for the well-known rock band KISS (ADA). Simmons used Twitter to explain his support for and use of ADA tokens, citing the fact that at the time, they cost less than $1, making them accessible to all. Charles Hoskinson, a co-founder of Cardano, also received appreciation from Simmons for his initiative to promote cryptocurrency use and financial inclusion in underdeveloped areas of Africa. Simmons wisely advised his followers not to base their financial decisions on the support of any specific celebrity. In addition, Simmons called himself the “God of Dogecoin” after boasting about purchasing the parody currency for “six figures.”
The inventor and CEO of Tesla and SpaceX, South African-born Elon Musk, is without a doubt the best marketer working today. He is renowned for his ability to get away with PR gimmicks that bring to mind the late and great Steve Jobs. Due to his inconsistent and unpredictable promotion of Bitcoin and Doge, most of it tongue-in-cheek, Musk may be the biggest influencer in the cryptocurrency industry due to his 52.2 million Twitter followers and influence on publications like Forbes and Bloomberg. Tesla reportedly sold 10% of its Bitcoin holdings recently and earned $101 million in profit.
A controversial YouTuber, content producer, and influencer named Logan Paul learned about the NFT craze and launched his own NFT as his entry into the market. According to some reports, Paul was able to sell NFTs last February 2021 for a total of $5 million. The tokens Paul offered for sale were digital Pokemon cards that were up for auction on Bondly, a Polkadot-based NFT marketplace. In Bondly, the internet celebrity sold a total of 2,586 NFTs for a profit of almost $1 million in just one hour, with each piece costing approximately 1 ETH at the time.
Mark Cuban, a multibillionaire investor, and entrepreneur, is well-known for owning the NBA team Dallas Mavericks, making an appearance on the hit reality series Shark Tank, and being a contentious figure in the cryptocurrency industry. Being the astute businessman that he is, he recently threw his support behind digital currencies (some would say hopped on the bandwagon) and is now celebrating Dogecoin’s march to $1 by now taking DOGE at his Dallas Mavericks offices in exchange for tickets and merchandise. Undoubtedly, there is a method to Cuban’s madness. Cuban also owns Bitcoin through Coinbase, where he bought shares of the exchange during its initial public offering, claims a CNBC report (IPO). Cuban also discussed the Ethereum (ETH) project, which he predicts will surpass Bitcoin (BTC).
Surprisingly, one of the most ardent Bitcoin supporters and one of the first performers to accept payment in BTC for album sales is legendary rapper Snoop Dogg. It’s not surprising that he reappeared in the cryptocurrency sector in 2021 to support the bull run. On March 30, Snoop Dogg also released his first NFT compilation, “A Journey with the Dogg,” which included a number of his works, including the original song “NFT.” This was made accessible through the NFT platform Crypto.com, where customers can buy the offering using debit or credit cards.