Introduction

Gone are the days when celebrities were only bothered about their earnings from their art. The last generation saw actors and sportsmen live off only what they earned from their movies, shows and other endorsements. Not anymore! 

Celebrities today are much more informed from a business standpoint. They work with expert financial advisors and Venture Capital firms to invest their earnings in profitable ventures. Cryptocurrencies like Bitcoin have also attracted a fair bit of eyeball from Hollywood. 

For a very long time, we thought that investing in cryptocurrencies like Bitcoin was only for the technologists, entrepreneurs associated with the ecosystem and developers. However, all that has changed. 

In this article, we are going to look at some celebrities who are known to hold and invest in cryptocurrencies. According to many experts, some of them might be in possession of millions of dollars’ worth of Bitcoin and other crypto. 

Celebrities who have invested in Bitcoins and other Crypto: The List 

1. Snoop Dogg

Not many people know that Rap legend, Snoop Dogg is one of the most high profile investors among celebrities. The calm and composed rapper and actor started gaining attention around Bitcoin because of an announcement he made back in 2013. He had announced that he would be open to taking payments in Bitcoins for his latest album for 0.3 Bitcoins way back in 2013. If you compare the same in recent times, we are talking about over $1000 USD per album! That is quite a handsome profit. 

2. Ashton Kutcher

Hollywood heartthrob, Ashton Kutcher counts Uber, Air BnB and BitPay as some of his investments. He also has his own investment firm- ‘A-Grade’. He is one of the strongest proponents of Bitcoin and cryptocurrencies in Hollywood. Along with Mark Cuban, Kutcher invested in ‘Unikoingold’- a digital currency aimed at betting on the gambling start-up, Unikrn. He has also defended Bitcoin and other crypto at major forums, calling them as the financial systems of the future. 

3. Mel B

Singer and songwriter Mel B was one of the first ones to recognize the boom that the crypto ecosystem was going to experience. In 2014, she stated that she would accept Bitcoins as payment for her new Christmas Singles Album. 
She tied up with CloudHashing. If you do not know what CloudHashing is, it is just the biggest Bitcoin Mining Licensing and Contract Company in the world. She has always come forward and stated that cryptocurrencies can be used in a magical way in the music industry and benefit fans and audiences alike.

4. Pitbull 

The American Rapper has been at the forefront of innovation and cryptocurrencies from a very long time. He has also gone on record to state his affection for Bitcoins. He has also talked about how he think they can benefit the music industry in a number of ways. In 2018, he announced that he is collaborating up with eMerge Americas, a technology event company to launch ‘Smackathon’, a new kind of a cryptocurrency to be used in the music industry. Pitbull is also known to accept payments in Bitcoins for concerts all over the world.  

5. Gwyneth Paltrow

 Even though the star studded actress has been in the news for her controversial take on health on her website, Goop, she is also known as one of the earliest advocated of cryptocurrencies in Hollywood. She is the face and brand ambassador of the crypto wallet ‘Abra’. When she is not disseminating questionable information on Goop, she is sharing many articles and literature relating to Bitcoins and the benefits of cryptocurrencies for the world. 

Conclusion 

While come celebrities work directly through exchanges, many use reputed trading platforms like cryptosoft to trade in Bitcoins and other cryptocurrencies. Do you know of some other celebrities who have invested in Bitcoins? Let us know in the comments section below.