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Many celebrities have talked about the advantages of bitcoin and leveraged the asset for sure tasks. For example, 50 Cent, Snoop Dogg and Talib Kweli all offered albums for BTC, however when cryptocurrency costs skyrocketed, 50 Cent informed the general public he offered his cash as quickly as he obtained them. Many different celebrities from Hollywood and the music business have used digital property to assist bolster their advertising efforts.
Additionally learn: Bitcoin, Tesla Inventory, Tron: How Warren Buffett Acquired His First Bitcoin
50 Cent: ‘All Cash Is Cash’
In 2018, cryptocurrency fans mentioned the headlines revolving round hip-hop star Curtis Jackson III, often known as 50 Cent, who accepted bitcoin for his 2014 album. In response to stories, 50 Cent’s album known as “Animal Ambition” made round 700 BTC ($6.7 million USD at at the moment’s trade charge) from gross sales. The album made it to Quantity four on Billboard’s charts and offered a complete of 124,000 copies, which was far lower than Jackson’s prior album gross sales.
Years later, when BTC was priced at round $11,000 per coin, 50 Cent shared an Instagram image of a TMZ article that reported on the artist’s 700 BTC in gross sales. “Not Dangerous for a child from South Facet, I’m so pleased with me,” the rapper stated. “I’m a preserve it actual. I forgot I did that s—.” When he offered the album in 2014 he defined “all cash is cash,” when folks requested the rapper why he accepted bitcoin. Nonetheless, when 50 Cent filed for chapter he informed the court docket and the general public a wholly completely different story. The hip-hop artist defined that he didn’t really feel he wanted to reveal that he had offered the BTC instantly after the albums had been bought. 50 Cent then claimed he was simply stating that he had forgotten concerning the funding.
“Once I first grew to become conscious of the press stories on this matter, I made social media posts stating that ‘I forgot I did that’ as a result of I had in reality forgotten that I used to be one of many first recording artists to just accept bitcoin for on-line transactions,” the recording artist wrote in 2018. He additional acknowledged:
I didn’t publicly deny the stories that I held bitcoins as a result of the press protection was favorable and prompt that I had made hundreds of thousands of {dollars} on account of my good enterprise choice to just accept bitcoin funds.
From Talib Kweli to Nas, Are Celebrities Bitcoin Wealthy or Simply Utilizing Crypto for Advertising?
50 Cent says he was one of many first rappers to just accept BTC funds for album gross sales and some others adopted go well with shortly after. In November of 2015, the now-defunct Coinbase software Zapchain offered the recording artist Talib Kweli’s album for BTC.
@TalibKweli I purchased your album in 2015 w/ bitcoin on Nov 6. My Indie 500 is now price $645. Hope you stored all of the #BTC from that album 😎
— Jamie Redman (@jamieCrypto) December 18, 2017
“Purchase my new album for bitcoin on Zapchain – [plus] first 1,000 folks get 1 monitor free,” Kweli tweeted on the time. Nobody has ever adopted up with the variety of BTC he accrued when he offered “Indie 500, that includes ninth Surprise.” However information.Bitcoin.com did remind Kweli concerning the album gross sales in the course of the bull market in December 2017.
The truth is, there’s quite a lot of well-liked musicians and Hollywood actors who’ve used cryptocurrency to additional market themselves. One other prolific rapper, Nas, used BTC to reward 100 scores in a contest hosted by theraptest.com. Nas additionally informed Coindesk in 2014 that he was an investor in Coinbase. “[Bitcoin] will evolve into an business as huge, if not greater, than the Web. My man Ben Horowitz actually opened my eyes to that time. This isn’t of the Web age, bitcoin is its personal age,” Nas defined to reporter Peter Rizzo on the time. The rap star added:
Clearly challenges will come up from a safety and privateness perspective, however the Web was the identical approach 20 years in the past.
Many different celebrities have used cryptocurrency to push their advertising to a different degree lately, and a lot of them have leveraged the preliminary coin providing (ICO) route. Well-known folks like Paris Hilton, DJ Khalid, Akon, Gwyneth Paltrow, Ashton Kutcher have all talked about digital currencies in some kind or one other. For example, Paltrow is an advisor to the cryptocurrency agency Abra, and Snoop Dogg claims he beat 50 Cent to the punch when he offered album copies for BTC in 2013. Nobody is aware of how a lot BTC Snoop Dogg obtained from album gross sales, however he was promoting copies for 0.three BTC in 2013. “The longer term is right here and Snoop is your captain, taking you to the moon (that’s a bitcoin factor) — My subsequent document out there in bitcoin n delivered in a drone,” Snoop tweeted on the time. Though, one BTC handle suggests Snoop Dogg solely obtained round 0.01245982 BTC from the gross sales, which is barely $102 price of crypto at the moment.
BitPay investor Ashton Kutcher dropped by our workplace this week to speak to our group & share insights on taking #bitcoin funds mainstream. pic.twitter.com/2Lgsmoufhe
— BitPay (@BitPay) June 9, 2017
The reality is, nobody truly is aware of if these celebrities are crypto millionaires, however they very nicely could possibly be. Moreover the musicians, actresses, and actors talked about above, there’s a ton of different socialites who could possibly be bitcoin wealthy from previous investments. This contains folks like Hugh Laurie, Mike Tyson, Pitbull, Mel B, Lionel Messi, Floyd Mayweather Jr., Johnny Depp, and Madonna, all of whom might have important stashes of crypto.
What do you concentrate on all of the celebrities who’ve used crypto for advertising functions and a number of the socialites who could possibly be wealthy with digital currencies? Tell us what you concentrate on this topic within the feedback part beneath.
Disclaimer: This text is for informational functions solely. It isn’t a suggestion or solicitation of a suggestion to purchase or promote, or a advice, endorsement, or sponsorship of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any harm or loss brought about or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or providers talked about on this article.
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