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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Crypto Has Arrived In Hollywood And The Stars Are Loving It!

Best Owie
Best Owie
3 years ago
3 mins read
Picture of an Ethereum crypto coin shooting through the cosmos

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Crypto has made its way into pretty much every major industry. So it comes as no surprise that it has evidently made its way into Hollywood. Now, the stars are announcing their investments in crypto. The gains that crypto brings cannot be overestimated and even the rich and famous do not want to miss out on it.

Recently, A-list actress Reese Witherspoon took to Twitter to announce her entrance into the crypto world. The two-time Oscar and eight-time Golden Globes award winner revealed that she had made her first-ever purchase, which was Ethereum.

Related Reading | Bitcoin At $100,000, Ethereum At $5,000 Is Path Of Least Resistance, Says Bloomberg Crypto Analyst

Witherspoon’s revelation opened the floodgates, as replies ranged from people congratulating her on this journey to people downright shilling their coins to her. The actress follower count also saw an uptick after the tweet went live. Crypto Twitter seemed to have come out en masse to welcome the actress.

https://twitter.com/ReeseW/status/1433524984723349507?s=20

Related Reading | Venture Capitalist Bill Gurley Takes Personal Position In Ethereum, Here’s Why

At this point, it is safe to say that Witherspoon has been pitched almost every crypto token worth mentioning in the market. Amid this was Logan Paul who offered to show the actress around the NFT world. Paul had replied to Witherspoon asking for her ETH address so he could gift her first NFT project, World of Women.

welcome to the club Reese 👊🏼 DM me your Eth address, I’d love to gift you this @WorldOfWomenNFT because y’all could be related. And it’d be badass for your first NFT project pic.twitter.com/epA0EZQdXG

— Logan Paul (@LoganPaul) September 3, 2021

Celebrities Jumping Into Crypto

Witherspoon is not the only celebrity that has jumped on the crypto train. Notable names have been world-renowned boxer Mike Tyson showing support for digital assets. 50 Cent, an American hip-hop star, back in 2018, had revealed that he had forgotten he had a stash of bitcoins. The coins were paid to him for his fifth studio album “Wild Ambitions” when the rapper had agreed to accept payments in bitcoin. The bitcoins which he had gotten in 2014 at $662 were worth about $8 million when the rapper rediscovered it in 2018.

Related Reading | Deloitte Survey Shows 76% Of Finance Execs Think Physical Money Is Nearing Its End

Other notable names include Busta Rhymes. Mr. Rhymes had first shown interest in the market back in July. He had asked his followers on Twitter how they felt about crypto, which caught the attention of notable names in the community such as Elon Musk and Michael Saylor. Later on, the rapper had tweeted confirming that he had indeed gotten into crypto after doing his research and now holds bitcoin.

Why Notable Names Are Important

Although most would argue that crypto does not need big names to soar, the opposite is very true. The world which we live in today is completely governed by having information at our fingertips and with so much information coming at us at the same time, people will tune out most things. But people will listen to prominent people.

Crypto going mainstream will be a faster process once people start seeing their favorites getting in on it, which in turn says to their fans that the market is something they should get into.

Ethereum price chart from TradingView.com

ETH price resting above $3,900 | Source: ETHUSD on TradingView.com

The 24 hours following Witherspoon’s announcement has seen the price of Ethereum test the $4,000 resistance point. Although the asset took a beat down at this point, it has posted an upward recovering which now puts the asset in the $3,900 trading range.

Featured image from Bitcoin News, chart from TradingView.com
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Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

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Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

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