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Celebrities Known for being Crypto Supporters and Investors - Global Coin Report
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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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Charts courtesy of TradingView

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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Crypto Market is Not Free from the Bearish Trend Yet

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Investors and traders are still speculating over the bullish trend that shook the market this past seven days. However, amidst the joy of the price hike in the industry, some people are still cautious. A crypto trader with the twitter handle of BTC_Macro is advising other players in his tweet to be careful. According to him, the bearish cryptocurrency market is not over yet.

In the tweet, the user admonished players in the market not to listen to the people saying that the bears have given up. It went further to say that Bitcoin may still plunge uncontrollably anytime even if it breaks the $6K mark. When this occurs the twitter user continues, any scenario may occur. The advice is that players in the crypto market should be on the neutral side. According to the user, it is not safe to be on the bullish side or the bearish side. Instead, players should be on their toes without bias.

How Trader reacts to price movements

Over time, it has become evident that many traders usually go against the market majority during bearish or bullish trends. Well, there is usually some logic backing up the reactions.

It is true that we have seen the longest bearish trend in the history of cryptocurrencies. Everybody who has a stake in the crypto market is expecting the day of the bull’s rise…

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Altcoins

The Interoperability Problem of Blockchain May Soon Be Over

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Crypto traders have certainly had a rough time since early 2018. The markets have tanked resulting in large losses for nearly everyone involved in the market. While that’s bad, what’s even worse is the fact that many projects have failed to deliver on their roadmap. Blockchain technology has been hailed as the next great advance in technology. And while many companies are making strides toward fully implementing blockchain-based technology, there is still a long way to go. As promising as blockchain technology is, there are still limitations that need to be addressed.

Limitations of Blockchain Networks

Although blockchain technology is certainly the future, the existing technology will need to be improved before it can go mainstream.  A few of the current limitations include:

  • Limited Scalability – Blockchain networks have consensus mechanisms that require each node to verify a transaction. This verification requirement slows down the network and limits the total number of transactions that can be processed.
  • Limited Usage – Each blockchain network was created with specific usage in mind. Because of the limited number of use-cases, each network eventually suffers from a never-ending loop of limited adoption. In the end, this causes low awareness.
  • Lack of Interoperability – At present, individual blockchain ecosystems are unable to communicate with each other. If a blockchain network attempts to retrieve information from an external (outside the “chain”) source, each node would have to…
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