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Celebrities Known for being Crypto Supporters and Investors

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After years of low activity, during which cryptocurrencies were only ever talked about among developers and early investors, cryptocurrencies exploded in 2017. A large surge in prices has made them a new trend, which inspired thousands of new investors to join the crypto space.

Among them, there were even numerous celebrities who joined the trend in one way or another. While some of them may only be crypto enthusiasts, many have become investors with a firm belief that Bitcoin and some of the altcoins are the future. And, while the crypto world did experience a market crash only a few weeks after reaching its all-time high — this has not discouraged new investors from joining the space.

Thanks to its popularity, cryptocurrencies are still on their way to enter the mainstream, and numerous celebrities remain firm supporters even to this day. Here is a look at some of the best-known celebrity crypto supporters and investors, some of which may even own millions in crypto.

1) Ashton Kutcher

While Ashton Kutcher managed to create quite a reputation thanks to many roles he played on the screen, the actor also seems to have a talent for business. It might be safe to say that no one expected him to become a large businessman with influence in numerous fields, including being a UN ambassador against human trafficking. His influence does not stop there, however, as Kutcher also started an investment firm called A-Grade in 2010.

Since then, he has invested UnikoinGold which is quite popular when it comes to betting on online games, such as Dota 2, League of Legends, Counter-Strike: Global Offensive, and others. Over the years, Kutcher was also interested in Ethereum and other coins, and he even invested in large companies such as Airbnb, BitPay, Uber, Unikrn, and alike. Today, it is speculated that the actor owns a lot in digital currency, although it is unknown which coins he may have chosen, or the exact amount that he invested.

2) Mike Tyson

Mike Tyson has managed to do a lot of things in his life, including making a fortune, losing it, and even acting in several movies. A few years ago, however, he became interested in Bitcoin, which has inspired him to start collaborating Bitcoin ATM companies. Tyson was known in the crypto world for being there when the first ever Bitcoin ATM was installed.

He was quite a vocal crypto supporter ever since 2015 when he also launched his own Bitcoin ATM system. Furthermore, he created a Bitcoin Wallet which, just like his ATMs, uses his face tattoo as a brand. It is likely that Tyson is still quite a supporter even though the prices are down.

3) Gwyneth Paltrow

Gwyneth Paltrow is a talented actress, without a doubt. However, she is also quite well-known for her entrepreneurship, especially when it comes to her own lifestyle brand called Goop. Even so, her connection to the business world does not end there, and Paltrow received a lot of attention when she became a crypto advocate and a representative of a Bitcoin wallet Abra. Thanks to her expertise, she even became an advisor in the company in mid-2017. Paltrow is definitely one of the crypto supporters and investors that have made all the right calls, and managed to avoid pitfalls such as shady projects.

4) Bill Gates

While Bill Gates seemingly lost his enthusiasm regarding cryptocurrencies these days, he seemed to be quite a supporter several years ago. In 2014, Gates praised Bitcoin, even stating that it is much better than fiat currencies since it is easier to handle large transactions via digital currencies. The fact that digital money does not have to be physically in the same place as its owner was also one of the many benefits that he saw in cryptocurrencies.

However, as mentioned, in recent periods, Gates may have lost his enthusiasm regarding the coins. Even so, many are speculating that he may have invested a significant amount into crypto, which he may still own.

5) John McAfee

John McAfee has been a part of so many businesses, trends, companies, and even some controversies, that it is difficult to find a person with a more colorful life than his own. He also became one of the most bullish and most vocal Bitcoin supporters, claiming that BTC will hit $500,000 by 2020. While many have questioned such statements, McAfee still remains a respected figure and quite a celebrity, especially these days, when he is planning his second attempt at a presidential run.

While it is uncertain how much has McAfee invested in Bitcoin, and how many coins does he own — he is definitely an experienced businessman, developer, and cryptoanalyst.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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