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 August 5

by Carolina

Celebrities and Global Brands That Are Linked With Bitcoin

Bitcoin

2021 is the year of Bitcoin. This cryptocurrency has managed to catch everyone by surprise as its value reached heights that we never thought are possible. At the moment, Bitcoin is valued at around $40,000, with experts believing that it than rise as high as $100,000 by the end of 2021.

That is the reason why so many people invest and decide to trade with it. As research indicates, the network of Bitcoin exceeds 5 million users, with thousands of new people registering each day. There’s no denying the fact that Bitcoin is extremely popular, well-accepted, and used by many people, even though governments have deemed it as an outlaw currency.

What’s even more interesting about it is that the network has quite a few celebrities and global brands that have invested in it. We are going to name them and see how are they connected to Bitcoin, but first, let’s provide you with a short overview of Bitcoin.

Short Overview of Bitcoin

Bitcoin is a digital currency. That means that it does not have a physical form and that you can only use it for online payments. It is powered by blockchain technology, which makes it highly decentralized and self-sustainable. The blockchain is the reason why Bitcoin has tons of advantages over regular payment methods, with instant transactions, greater security, and no fees being a few of them.

But, as we all know, the main reason why people use it is the fact that they can make a profit with it. Some research has shown that there may be as many as 100,000 Bitcoin millionaires, which is quite a fascinating number.

If you are wondering how users profit off Bitcoin, the answer is trading sites. After they earn Bitcoins via mining or buying, they use the advanced services of reputable trading platforms such as BitQT This particular site even uses an AI system that can analyze the data about Bitcoin and use it to make accurate predictions on its future fluctuations.

Lastly, experts believe that by 2032, 99% of all Bitcoins will be mined, but it won’t be until 2140 when that number reaches 100%.

Now, let’s take a look at the celebrities and brands affiliated with this cryptocurrency.

The Celebrities

The fact of the matter is that many celebrities have invested in Bitcoin. For example, Serena Williams has invested in Bitcoin trading platforms, 50 Cent accepted Bitcoins as a payment method for his 2014 album Animal Ambition. Through his company Tesla, Elon Musk has invested over $1.5 billion in Bitcoin, Logic announced that he invested $6 million in Bitcoin in the autumn of 2020, and Russ has shared a few Instagram stories where he showed us that he invested in numerous cryptocurrencies, Bitcoin included.

Other celebrities that are known to have invested in Bitcoin are SnoppDogg, Paris Hilton, Gwyneth Paltrow, and Bill Gates.

Global Brands

Many global brands are well aware of the fact that Bitcoin is far superior to other methods when it comes to online payments. That is why they decided to integrate this cryptocurrency with their systems and allow people to use it to purchase services or products. The list of global brands that accept Bitcoin includes Shopify, Microsoft, Overstock, Starbucks, AT&T, Expedia, Wikipedia, and many more.

Conclusion

There’s no denying that Bitcoin is a futuristic currency. Even though it possesses many qualities, governments and banks still oppose it, because they cannot control it. Not only that but these facilities and authorities are completely excluded from the network. That is the reason why it is unlikely for them to make it official at some point in the future. But, if we learned anything with Bitcoin is that anything is possible with this cryptocurrency.

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Analytics Insight



Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.

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