- >Elon Musk, 50 Cent, Ashton Kutcher Among Celebrities Who Hold Bitcoin
Elon Musk, 50 Cent, Ashton Kutcher Among Celebrities Who Hold Bitcoin
Days are gone when Bitcoin was popular only among developers and tech nerds. The cryptocurrency today has millions of active users across the globe. Some are accepting it as payment, others are trading, while others are holding onto their stash for dear life.
It turns out Hollywood personalities, billionaires, and famous athletes are also recognizing the value of Bitcoin. Quite a number of them are giving the nod to and investing in Bitcoin or talking about it. Celebrities have a huge platform, and if they help get the word out on Bitcoin, what’s not to like?
This piece looks at some of the famous people who are investing in Bitcoin.
Hope Mutie | Jan 29, 2021
#1. Ashton Kutcher
Ashton Kutcher is an American actor best known for blockbuster movies and series such as That ’70s Show and Two and a Half Men. He’s also a huge fan of Bitcoin. In 2013’s TechCrunch Disrupt Conference, Kutcher said that Bitcoin was becoming more relevant and that targeted hacks in wallets and exchanges were proof of that. Even the then rampant use of Bitcoin for buying “ammo and drugs” validated the currency, he said.
The actor, who’s also known for investing in Uber and Airbnb, also endorsed Bitcoin on the Q&A platform Quora. When a user asked, “What are some smart ways I can put $25/week to work for me?” Kutcher responded suggesting, among other things, for the user to buy Bitcoin.
Kutcher’s investment company A-Grade has also invested in Bitcoin start-up BitPay. The BitPay platform allows merchants to accept payments with Bitcoin. It also looks like he’s a fan of other cryptocurrencies. In 2014, the actor donated $4 million worth of XRP to Ellen DeGeneres’ charity.
#2. Elon Musk
Though he’s not exactly bullish for Bitcoin, the Tesla and SpaceX CEO’s regular commentary on Bitcoin has generated much interest.
Bitcoin fans noted his Twitter conversation with Michael Saylor – whose firm recently bought $250 million more worth of Bitcoin. Musk tweeted, “Bitcoin is my safe word”, prompting the Microstrategy CEO to tell him to convert his $TSLA balance sheet from USD to #BTC” which would do his shareholders “a $1 trillion favor.” Musk responded with, “Are such large transactions even possible?”
In response, Saylor said he’d bought over $1.3 billion in the past few months, and he was happy to share the playbook with him offline. Other notable figures soon chimed in, including Binance CEO Changpeng Zhao, who advised: “Probably not a good idea to do it in one transaction but it can definitely be done.”
Musk has previously said he owns only 0.25 BTC that a friend sent him “many years ago.”
#3. Maisie Williams
Best known as Arya Stark to Game of Thrones fans, UK-born Maisie Williams is a Bitcoin investor. Last November, she asked her 2.7 million Twitter followers: “Should I go long on Bitcoin?” “A girl needs Bitcoin”, “HODL, Arya” – came the Game of Thrones references. Williams’ poll ended up with a 53.4% for No and 46.6 for Yes.
Among the Yes people was Michael Saylor yet again, who commented the actor is “wiser than most professional investors.” Even Elon Musk contributed to the discussion, telling Williams to “Toss a bitcoin to ur Witcher,” probably in reference to the song “Toss a Coin to Your Witcher” in Netflix’s TV Series The Witcher.
Williams is not an actor in the series, and Musk might’ve conflated The Witcher with Game of Thrones. Which could be why she responded with the witty rejoinder, “how’s blue origin going?”. Blue Origin is Jeff Bezos’ aerospace company and Space X’s main competitor in the space race.
It seems Williams took the right advice because she tweeted the next day, “thank you for the advice. I bought some anyway.”
#4. Tony Hawk
Legendary skateboarder Tony Hawk a.k.a Birdman, has been “riding Bitcoin” for five years as he revealed in a tweet in 2019. Hawk’s tweet was a reply to an announcement by The Bitcoin Conference that the former athlete would be speaking in the following year’s Bitcoin conference. The announcement described Hawk as having taken “a counterculture mainstream”.
Hawk had in the same year replied to another tweet that he hadn’t “bailed yet” probably meaning he was HODLing.
His charity foundation, the Tony Hawk Foundation (THF), accepts Bitcoin as well. “It’s becoming a more significant percentage of our donations,” said the foundation’s executive director to Bitcoin Magazine about Bitcoin last year.
#5. 50 Cent
American rapper 50 Cent took Bitcoins for his album in 2014 because he wanted to “stay with times.” He probably didn’t predict the stash, which totaled 700 Bitcoins, would multiply to millions in a few years.
TMZ reported in 2018 that 50 cent – real name Curtis Jackson – had agreed to accept Bitcoin for his Animal Ambition album four years earlier.
The cryptocurrency was then trading in the ballpark of $662 per coin. Customers could get the album at a fraction of that, per TMZ. When BTC was fluctuating between $10k and $12k in 2018, 50 Cent’s stash was worth between $7 and $8.5 million.
In a since-deleted reply to an Instagram post (wise move there, Curtis!), 50 Cent beamed, “Not bad for a kid from South Side, I’m so proud of me.”
We hope 50 Cent HODLed, because 700 BTC would yield over $30 million in 2021, and most definitely more than that in coming months and years!
#6. Mark Cuban
American billionaire investor and television personality said in a Twitter interaction that he’s still holding crypto “from the early days of Coinbase.” While he didn’t reveal which cryptocurrency, in particular, it’s likely Bitcoin, given his many musings on the currency.
Cuban appears to take a cautionary stance on Bitcoin. He called it a collectible in 2019, but his thoughts seem to have evolved since he recently said it’s a “store of value like gold”, albeit dismissing it as “more of a religion than solution to any problem.”
The Shark Tank star also recently joked he’d run for president when Bitcoin hit $1 million. It’s good that he regularly offers commentary on Bitcoin. Coming from a high profile figure, all press is good press for Bitcoin.