Most people were unfamiliar with the term cryptocurrency when it first came into existence with the introduction of Bitcoin in 2009. People were unaware of the potential of this industry when it was introduced first In the world. Most people did not invest in it just because it was quite hard for them to understand. Very few invested and believed in it, and look what they are already billionaires. They were seeing something special in cryptocurrencies that others failed to see.
Cryptocurrencies carried momentum as their reputation expanded with time. Developers, Engineers and entrepreneurs were the only ones who took a leap of faith and invested in the crypto industry in the past. They had a vision about it which has become true. Initially, bitcoin was most popular among programmers who become a billionaire when the rate for 1 bitcoin surpassed $60,000.
Not only programmers but some well known famous personalities thought that investing in crypto was worth gold and invested in it and they would not regret the decision they made during the time of uncertainty.
How do you make money with bitcoin?
There are generally two ways to earn bitcoin, you can either earn it by mining or buying directly. Mining is a rather complex way to earn a bit as you will be presented with various puzzles to solve to get bitcoin. When you are solving the puzzle, you verify the records of every transaction made using bitcoin. You can get 1 bitcoin by solving each puzzle.
Once you are done with the mining process, Trading sites will help you In providing information on how to make maximum profits using your earned bitcoins. Since you are aware of the fact that bitcoin is a highly volatile industry and its value can go sky high or drop to almost nothing in a blink of an eye. The only people who make fat profits are the ones who understand the behaviour of the market and buy or sell accordingly.
I hope you understood the mechanism of earning and making money in the world of cryptocurrencies. Now Let’s check out the famous personalities who invested in cryptocurrencies.
Elon Musk is usually being seen mocking Bitcoin on Twitter and somehow managing to engage the audience. The giant company Tesla Owner Elon musk is a renowned personality in the bitcoin community. He is not only famous but has become a powerful personality in the world of bitcoin. He carries the power of dictating things and influences the crypto industry. People follow such celebrities and take their opinions very seriously and try to implement them to get benefits. Things were seriously fired up in January 2021, when he added #bitcoin in his Twitter bio which affects the bitcoin prices to go sky high by 25%. He also said that his firm has purchased $1.5 billion in bitcoin, which equals 7.7% of tesla overall cash position.
Jack Dorsey, the CEO of Twitter and Square is a passionate Bitcoin supporter. Jack Dorsey’s passion for Bitcoin was developed in 2017 when he started campaigning for the king coin. Even after the industry hit its low during 2018, he was affirmed that Bitcoin is the future and next world currency. He is a visionary person who understands the potential of the crypto industry and he believes the boom of the crypto industry is yet to be seen. He stated in 2019 that he regularly invests thousands of dollars in bitcoin and an incredibly satisfied.
Mike Tyson, a professional boxer and famous social media celebrity were one of the famous people who understood the potential of bitcoin from the beginning. He was privileged to be a part of Bitcoin ATM makers who had his face tattooed on their machines. According to him, he was a happy man collaborating with something that is about to change how money works.
A famous star from the top-rated show of all time “Game of Thrones” joined the bitcoin community in November 2020. This was started when she frankly asked her followers on Twitter about how to get bitcoin. Although most of her followers suggested not to go for bitcoin, she still went for it anyway.
Snoop Dogg bitcoin journey started during the time when Bitcoin and the crypto industry was less known. He made his songs available in the trade of bitcoins. He was selling one album for 0.3 bitcoins which is $14000 at a current value of bitcoin. He is yet to reveal how many albums he sold during that period and how many bitcoins does he own currently.
Lionel Messi is known for being one the biggest superstar in the football world. His talent and skill are still unmatched in the field of football. When he was with Barcelona, he was at the peak of his game and Inspired so many people with his goal-scoring skills. Lionel Messi is a brand ambassador for one of the blockchain technology companies named Sirin labs. Since he has got huge followership in the social media world, after seeing his collaboration post with blockchain technology, his followers showed enthusiasm for blockchain.
Richard Branson owns the Virgin Group and is a Successful British businessman. Richard Branson took a part in a $30 million financing round conducted by Bitpay, A Bitcoin payment processing network in 2014. He has not yet revealed officially the number of bitcoins he owns.
Ashton Kutcher, a renowned name in the Hollywood industry is also a tech investor and has a passion for blockchain technology. He has got thousand of followers who see Ashton Kutcher as a role model and his enthusiasm for Bitcoin has benefited business in a big way.
With all these big players betting on bitcoin, it seems like the revolution is just around the corner. Despite this, there is an uncertainty whether digital currency will be accepted in a different part of the world or not investing in Bitcoin is worth Gold in the eyes of powerful individuals.