Cryptocurrency is always in the news. In recent times, for the past few months, the Crypto market is very low. The prices of almost all cryptocurrencies keep fluctuating. It has not been really easy for people to invest in them as the market kept falling. The Crypto market is always highly volatile but the predictions for 2022 were different by the end of 2021 and the start of 2022. But still, some people keep investing in cryptocurrencies. They take the advantage of a falling market and expect crypto to rise in the coming future. Speaking of one crypto, is it possible for bitcoin to hit $50000 this month?
Along with this, there are several other reasons why people start investing in cryptocurrencies. One of the most influencing reasons is celebs’ endorsements. Yes, the endorsements and comments made by the celebrities create a great hype and that hype makes people invest in cryptocurrencies. Many people trust the words and endorsements made by their favorite celebrities. These endorsements in turn can make the market go up and down. So, here let us have a look at the top 5 celebs who endorse cryptos big time.
The first name that we have on this list is Gwyneth Paltrow. Yes, she has been endorsing cryptocurrencies since 2017. It was endorsing Bitcoin and it is one of the most popular and highly invested cryptocurrencies. On her Twitter account, she helped many people understand the basics of Bitcoin. These tips or advice given by her have helped many people understand it and start their investments. Bitcoin already had a lot of craze and her endorsements helped in increasing the craze.
When talking about cryptocurrencies, who does not know about Elon Musk. Who does not know him, he is the CEO and founder of Telsa. He is one of those top celebrity promoters of cryptocurrency. It promotes Dogecoin and Bitcoin, mostly. He can greatly influence people with his Tweets and shares on social media. He has almost 52.2 million followers and hence he can easily influence a big crowd with just one comment or tweet from his official account.
The owner of the Dallas Mavericks, Mark Cuban is another popular celebrity who endorses cryptocurrency. It is a Shark tank star and a billionaire with a net worth of 4.2 billion. Not just the positive comments, but even the mixed comments on cryptocurrency can influence people. Cuban also has a similar relationship with Bitcoin. He sometimes endorses it and encourages people to buy Bitcoin. But sometimes he says that he would rather buy Bananas than own Bitcoin. But he owns a lot of Bitcoins. He says that he would invest even further in Bitcoin when they can be used directly to buy products and services, rather than having to convert them.
Meet Jack Dorsey another hardcore fan of Bitcoin. Jack is the CEO of Square and Twitter. In the year 2017 itself, he started advocating for Bitcoin and since then he started investing in it. In 2018, the market started to crash and even then he called Bitcoin the future currency. He continued to invest in Bitcoin even when the market was falling and everyone was trying to withdraw their investments. Every week he spent thousands of dollars and bought Bitcoin. Along with that, his company Squares also Bitcoin in 2020. They bought 4709 Bitcoins and that was all because he suggested doing so. He also runs a node, with the help of which he can mine Bitcoin.
The next celebrity name that we have on our list is Mike Tyson. Tyson is one of the best boxers the world knows so far. He is also a social media star. Way before many celebrities started looking at cryptocurrencies, Tyson saw the potential in them. He started supporting it in 2015 itself. In 2015 itself, he also partnered with the Bitcoin ATMs. They even had the tattooed face of Mike Tyson on them. Even for the launch of the BTC mobile wallet, there was a Mike Tyson collaboration.
So, these were the top five celebrities, while many other celebs across the world endorse cryptocurrencies, especially Bitcoin. There is a lot of craze for cryptocurrencies even when the price started crashing.