Celebs Cashing In On Cryptocurrency

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With all of their money, celebrities are always looking to invest in the next big thing. Sometimes that means real estate, or a restaurant, or even a sports team. However, with the emergence and success of cryptocurrency, like Bitcoin, celebrities are paying attention. Here are the celebrities who are talking about, investing in and using cryptocurrency.

Mark Cuban

If anyone knows a good investment, it’s entrepreneur Mark Cuban. The NBA-team owner and “Shark Tank” personality, has said that investing in cryptocurrency is a true businessman’s adventure. In an interview with Vanity Fair, Cuban said, “If you’re a true adventurer and you really want to throw the Hail Mary, you might take 10 percent [of your savings] and put it in bitcoin or ethereum — But, if you do that, you’ve got to pretend you’ve already lost your money.”

Mel B

Former Spice Girl and current “X Factor” judge, Mel B, became one of the first musical artists to accept Bitcoin as a form of payment for her music. She partnered with the company, CloudHashing, in order to make it happen. She said “I love how new technology makes our lives easier, and to me, that’s exciting. Bitcoin unites my fans around the world using one currency. They can just pay using bitcoins.”

Bill Gates

Bill Gates’ name is synonymous with money. Through technological advancements as well as good investments, he has become one of the richest men in the world. He is certainly intrigued by the idea of Bitcoin and believes it is a smart invention. During an interview with Street Smart, Gates said “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”

Ashton Kutcher

Ashton Kutcher has been very vocal about his support of cryptocurrency. Kutcher is a big investor in BitPay. BitPay is a global bitcoin payment service provider, meaning it allows business to accept Bitcoins instead of standard cash or credit card. Kutcher believes that Bitcoin could lead to an increase in cybersecurity. He feels that the “decentralized technology” Bitcoin uses can help people anonymously watch each other, making it easier to detect criminal activity.

Lily Allen

Lily Allen entered worldwide fame in 2006, with the release of her single “Smile.” The album that included the single won Allen nominations at the Grammy Awards, Brit Awards, and MTV Video Music Awards. She has since released 2 more albums. Allen recently said that she very much regrets not investing in Bitcoin earlier. She tweeted “About 5 years ago someone asked me to stream a gig live on second life for hundreds of thousNds of bitcoins, “as if” I said. #idiot #idiot”

Curtis “50 Cent” Jackson

In 2014, business mogul and rapper, 50 Cent released his album “Animal Ambition.” He partnered with BitPay to allow his fans to pay with bitcoin, cash or even a combination of the two. During a Q&A on Reddit, Jackson wrote, “Technology is what’s changing the business gotta get with it. I take money no matter if its coins or dollars.”

Richard Branson

Richard Branson began his business empire by opening the record stores, “Virgin Records.” His stores quickly expanded to an airline and then a record label. The billionaire’s most recent venture is Virgin Galactic, commercial flights to space. This visionary believes Bitcoin is “working.” In an interview with Bloomberg, Branson said “Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.”

Al Gore

Former U.S. Vice President and environmental activist, Al Gore, believes that cryptocurrency eliminates government interference in personal finances and is, therefore, a clever development. According to Learning Bitcoin, Gore said “When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the function of the government …[that] is actually pretty cool.”

Nas

Rapper and songwriter Nas and his manager are strong supporters of cryptocurrency. They have invested in several cryptocurrency startups such as Coinbase, an asset “broker exchange of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies.” Nas and his manager hope to invest in more potential startups in the future.

Mike Tyson

Mike Tyson was so excited about the development of Bitcoin that he endorse his own brand of Bitcoin ATMs that would be released in Vegas Casinos. However, the ATMS were known to have high fees and weren’t loved by the public. Many believed he was using Bitcoin to make a quick buck. In response, Tyson said, “I’m grateful to be a part of the bitcoin revolution and hoping that my participation in this space will lead to more conversations and help increase knowledge and awareness. In no way do I profess to be any kind of bitcoin currency guru. It just seems very interesting and I’m intrigued with the possibilities. In a few years from now, bitcoin and other digital currencies are going to be a normal part of our monetary systems.”

Eric Schmidt

For 10 years, Eric Schmidt served as the CEO of Google. Schmidt believes there is huge potential in Bitcoin as business across the globe could have the ability to access it. During a speech at an event at the Computer History Museum, Schmidt said “[Bitcoin] is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot’s of people will build businesses on top of that.”

Roseanne Barr

Roseanne Barr is best known for starring in her self-titled 90’s sitcom. Barr is also known for being extremely outspoken. This includes her support of Bitcoin. She has proclaimed her support on Twitter. She advised all her followers on Twitter to get educated about Bitcoin. She wrote, “hey, all: let’s really understand #bitcoin it might be better than removing the federal reserve, and faster way 2 end satanic ritual rule.”

Drew Carey

Comedian and game show host, Drew Carey has been publically showing his support for bitcoin since 2013. In April of that year, he tweeted “Just tried to buy breakfast w bitcoins. Refused. #whenwilltheworldcatchuptomyhipness?” Luckily, for him, now many merchants across the globe accept Bitcoin as payment.

Richard Sherman

Richard Sherman is one of the highest-paid defensive players in the NFL. Therefore, he knows a thing or two about making money. In 2013, Richard Sherman announced his online store would be accepting bitcoin. He called bitcoin “the currency of the future.” His agent, Jamie Fritz said, “The decision [to accept bitcoin] was based on supporting the fan-base choices to transact via the latest medium — not unlike PayPal or traditional credit cards.”

Gwyneth Paltrow

Gwyneth Paltrow is one of the more recent celebs to jump on the Bitcoin bandwagon. She recently began a partnership with Abra, a bitcoin-based digital wallet app. Paltrow was chosen by Abra to be their adviser, during an episode of Apple TV’s reality show “Planet of the Apps.” Abra’s CEO Bill Barhydt told Forbes, “She has been a huge value add. She’s opened up her network to us, given us valuable business advice, her insights on running a consumer business with hundreds of thousands of paying customers.”

Childish Gambino

Actor and rapper Donald Glover, also known as Childish Gambino, said in an interview with TIME, in 2013, that everyone should be watching cryptocurrency. “I know a lot of people are skeptical, but I feel like if everything’s going to live online, why not bitcoins? Being backed by gold seems very old and nostalgic to me,” Glover said. “Being backed to a bitcoin, which takes time to actually make and there’s this equation that has to be done, that feels realer to me and makes more sense.”

Steve Wozniak

Co-Founder of Apple Computers, Steve “Woz” Wozniak believes that Bitcoin is much better than the gold standard for money. Any government can continue to print money, with nothing really backing it. Whereas Bitcoin has actual wealth, you can see. While speaking at a Money 20/20 event, he said “There is a certain finite amount of bitcoin that can ever exist — And gold continues to get mined and mined and mined. Maybe there’s a finite amount of gold in the world — But Bitcoin is even more mathematical and regulated and nobody can change mathematics.”

Wu-Tang Clan’s Dennis Coles

Dennis Coles, better known as Ghostface Killah, co-founded his own cryptocurrency firm called Cream Capital. The company’s mission was to build blockchain-based ATMs. The company hoped this network of ATMs would one day help create a middle ground for all cryptocurrencies. The company assured investors that Coles was not just brought on as a random celebrity endorsement, as he also “understands the fundamentals of blockchain technology and the importance and gravity of the technology.”

 

Joe Rogan

Actor and comedian, Joe Rogan has been a very outspoken supporter of Bitcoin. He often tweets about his support as well as regularly speaks about it on his podcast “The Joe Rogan Experience.” Rogan has hosted Bitcoin mentor and entrepreneur, Andreas Antonopolous, on his show several times, in order to help educate his audience.

DJ Khaled

DJ Khaled has released 10 studio albums and has helped create countless others. Along with creating music, DJ Khaled has recently taken on a new venture, cryptocurrency. He recently began partnering with The Centra Card & Centra Wallet app. The app stores your cryptocurrency and allows you to access it with the Centra Debit Card. COO of Centra Tech, Raymond Trapani, told Fortune that Khaled is an “official brand ambassador and managing partner.”

 

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