Bitcoin, Dogecoin, Ethereum Talking Points:
Cryptocurrencies and digital assets have taken the investing world by storm over the last couple of months, as new “alt-coins” continuously break out to record highs. With investors of all profiles making large sums of money in the space, celebrities and “A-listers” around the globe have certainly taken notice. From Elon Musk to Snoop Dogg, Hollywood and corporate America appear to be catching the “crypto bug.”
Celebrities from all corners of entertainment have discovered an affinity for digital assets as the space grows by the day. Gary “Vee” Vaynerchuk, a social media mogul, has touted in recent weeks the opportunities for retail investors to make money through digital assets such as cryptocurrencies and NFTs. Another Hollywood star, Ashton Kutcher, has also used his platform in recent years to praise blockchain technology. Kutcher’s company, Sound Ventures, was an early investor in Ripple (XRP).
Bitcoin, Ethereum, Ripple Daily Chart
Chart created with TradingView
Despite all the attention Elon Musk brought to Saturday Night Live, investors were left disappointed as Dogecoin dropped by nearly 20% following Musk’s performance. However, Musk is not the only high-profile celebrity to tout the usefulness and practicality of crypto assets. From Guy Fieri to Lionel Messi to Mark Cuban, digital assets are moving mainstream and the globe’s biggest stars are embracing the revolution.
Jack Dorsey, founder and CEO of Twitter and Square, is a massive proponent of Bitcoin and digital assets. In October 2020, Square purchased 4,709 Bitcoins which totaled $50 million
