Famous people who have invested in bitcoin
Bitcoin is disrupting the financial industry as it continues to rise in value and strength. 2020 has been a fantastic year for this cryptocurrency, and as we can see, 2021 will be even better. As of mid-February, the price for 1 bitcoin is approaching $ 50,000, which is a mesmerizing price and has never been reached before.
The number of cryptocurrency investors is in the millions, and we have no doubt that the network will continue to grow. Speaking of investors, we wanted to take a look at some famous people who are known to invest and / or own bitcoin. Before we introduce them, let’s answer the very popular question, how do people make and sell bitcoins?
How to make money with Bitcoin?
You can earn bitcoin by mining or buying. Mining is a very complex process that requires you to solve various puzzles. By solving these puzzles, you are helping to check if all transactions made with bitcoins are being recorded. The reward for each puzzle solved is bitcoin.
Once you have mined a certain amount of bitcoin, trading sites will provide you with the information you need to make the highest possible profit. As you know, Bitcoin is a very volatile cryptocurrency and its value changes frequently. Knowing when to sell them can go a long way between making significant profits and losing money.
This is why reputable trading platforms like Bitcoin Prime UK use advanced algorithms that collect all the data in the Bitcoin market and analyze it. In doing so, they can predict the future price of this cryptocurrency with great accuracy. This is why this site has a huge daily profitability and thousands of registered users from all over the world.
Elon Musk and his company Tesla Motors are the latest edition in the cryptocurrency / bitcoin world. It was recently announced that the company acquired $ 1.5 billion in bitcoin, one of the largest cryptocurrency investments in history. Not only that, but some reports suggest Elon plans to allow people to buy cars with cryptocurrency.
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Logic is probably sitting on a mountain full of money these days. Shortly before Bitcoin started to rise in 2020, he announced that he would invest $ 6 million in the currency as he believed it was a smart investment that could make him a fortune. Critics and so-called experts doubted him, but as it turned out, he was right. At the time Logic invested in Bitcoin, it was worth just over $ 10,000, so you can only imagine how much profit he should have made.
Then we have Uncle Snoop, one of the most iconic rappers on the planet. Back in 2013, when Snoop was about to release Reincarnated, his first reggae album, he announced that he would accept Bitcoin as a payment method for it. Some fans bought the album with cryptocurrency, but he has been silent about it since then, so we cannot determine how much profit he made. What we do know is that the value of the album was set at 0.3 bitcoin.
Many other celebrities are associated with this cryptocurrency. Some of them are 50 Cent, Paris Hilton, Gwyneth Paltrow, Bill Gates, Serena Williams, Floyd Mayweather, Kanye West and Mike Tyson. There are no details about their investments, but we are sure that they made a profit.