Crypto Successfully Makes Its Way Into Hollywood As Stars Start Investing In Digital Assets

Crypto has significantly established its vital importance in every prominent industry. Since recently, it has been crystal clear that it has entered the Hollywood industry too, which is not a surprise at all. Currently, the celebrities are one after the other making announcements regarding their crypto investments. The earnings acquired from crypto cannot be overrated. Thus, even the well-known rich stars are availing it.

Recently, Reese Witherspoon (an A-list actress) announced on Twitter about her arrival into the world of cryptocurrency. She had won Oscar two times and Golden-Globes-award eight times. She disclosed that it was her earliest crypto purchase being made in Ethereum. Her disclosure unlocked the floodgates because numerous people started responding, including those who congratulated as well as those who wanted to allure her to their coins. The number of her followers has also increased following her tweet. The overall Twitter environment is warmly welcoming to the actress. Presently, it would not be wrong to say that the actress inclines toward every prominent crypto coin in the market.

Celebrities making their way into crypto

Witherspoon is not the first celebrity to get into the crypto journey. There are also a lot of other noteworthy names like the world-famous boxer Mike Tyson backing the digital assets. A hip-hop star from America stated in 2018 that he had been unable to remember his stockpile of Bitcoins. The coins were given to him at the time of Wild Ambitions (fifth of his studio albums) when he decided to accept Bitcoin payments. The collection of his 2014’s collected Bitcoins (purchased at $662) valued approximately $8M as the rapper revived them in 2018.

Other remarkable figures take account of Busta Rhymes. He initially revealed his crypto interest during July. He had inquired his Twitter followers about crypto. Thus, many distinguished names were attracted, like Michael Saylor and Elon Musk. Shortly, the rapper confirmed through a tweet that after studying crypto, he has jumped into Bitcoin.

The significance of such outstanding names

While the majority of people would opine that crypto does not require such big names to rise, the opposite side is right. Today, we exist in a world where we get information at our fingertips, and there is an abundance of information; however, people will prioritize prominent personalities. During a 24-hour time after Witherspoon’s announcement, Ethereum’s price reached $4,000. Nonetheless, it shortly came down to $3,900.

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