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It’s no secret that more and more people around the world see the possibility of making money by investing in digital money. Cryptocurrencies have been on the market for less than 15 years and it is not known exactly how many different ones there are, although it is believed that there are thousands of types. In any case, one is particularly popular and interesting for investors, and that is Bitcoin.
Bitcoin is a cryptocurrency created in 2008 by an anonymous group of people known under the pseudonym Satoshi Nakamoto. Although the cryptocurrency market is prone to volatility and it is quite normal for its value to change daily, and sometimes several times in one day, Bitcoin manages to stay on the throne. When it was created, the forecasts for this virtual currency were not very good because its value was negligible – $0.03. It was believed that he would experience success if he managed to reach the value of the dollar, something that many thought to be impossible. However, very quickly this cryptocurrency exceeded the value of the US dollar several thousand times and its current value is $23,843.60!
We assume that it is now a little clearer to you why Bitcoin has remained on the throne of cryptocurrencies all these years and why many consider it a worthy investment. Investing in cryptocurrencies is used daily by ordinary people who want to improve their financial situation, but also by many famous people who increase their capital in this way. Below, let’s take a look at which celebrities are happy to enter Bitcoin.
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Elon Musk
We believe that it is clear to everyone that Elon Musk supports cryptocurrencies. This multimillionaire and the richest man in the world has admitted that he owns Bitcoin, Ethereum, and Dogecoin. In his own words, he started entering out of curiosity. However, we believe that he knew exactly what he was doing and that he was aware that this investment would bring him a large profit.
Lindsay Lohan
Since the value of cryptocurrencies began to rise in the last year, many celebrities rushed to increase their wealth. One of them is certainly this well-known American actress who also tweeted about the cryptocurrency code. You may think that this is not significant information, but keep in mind that Lindsay has 8.4 million followers.
Ted Cruz
The Texas senator admitted that he invested $50,000 in Bitcoin at a time when its value was falling, at the beginning of 2024. This also encouraged other Texas residents to venture into trading and mining.
Snoop Dog
You may have heard about his statement that he is a cryptocurrency believer and that he believes that Bitcoin is a currency that has power. He believes that investing in Bitcoin is still profitable, especially in the long run.
50 Cent
This famous rapper decided to accept Bitcoins as a means of payment for his 2014 album “Animal Ambition”. Many consider this move one of his best when it comes to business, because that’s exactly how he earned $8 million.
Sir Robert Bryson Hall II – Logic
This famous rapper invested 6 million dollars in Bitcoin in 2020, which turned out to be a very good idea because he made a big profit very quickly. Although many doubted his sense of investment, it turned out that he really knew what he was doing. To read more about rappers who found investing in Bitcoin attractive, visit www.ballerstatus.com.
As you can see, those who do not take risks do not profit. According to many, one of the main reasons why some people refrain from investing in cryptocurrencies is because they think it is complicated. However, today it has become more than simple. The first thing that needs to be done is to provide a crypto wallet where the digital money will be stored. After that, it’s time to buy cryptocurrencies, which can be done in several ways, and the easiest is through exchange offices and crypto ATMs. There are more and more crypto ATMs in cities around the world. All you need to do is swipe your credit card and choose how many Bitcoins you want to buy. Once you do that, store your money in a crypto wallet. Crypto wallets can be so-called hot or cold, and it’s up to you to choose which suits you better. For the sake of comparison, the cold wallet is a hardware one, which is considered highly secure because it resists hacker attacks because it does not require an Internet connection. However, you will have to spend a little more money for it. On the other hand, we have a hot wallet, which is often free. It is characterized by simple access, a smartphone is enough. However, when we talk about safety, it is far less than with cold ones, but also more favorable.
When you start investing, think about how you want to try to make a profit, whether it’s trading or mining. Many people consider trading a simpler and faster way to make a profit. It is up to you to choose a reliable platform and start investing. Today, there are many phone applications of platforms that facilitate trading so much that it is not necessary at all to monitor the state of the market, but the application does it for you using artificial intelligence that allows it to recognize even the slightest change in the value of cryptocurrencies.
On the other hand, mining may be more time-consuming, but it is certainly profitable. You increase your chances of earning by joining one of the mining pools. However, keep in mind that mining costs are higher because good computer equipment is necessary, and the consumption of electricity is not negligible at all.
What is perhaps most important in everything is that you never enter more than what you are ready to lose. Also, to begin with, it may be best to invest in several different currencies so that you don’t lose everything when the value of a particular one falls.
