Which celebrities are most invested in cryptocurrencies? Justin Bieber, Snoop Dogg top list
CELEBRITIES are riding the cryptocurrency wave with some pouring millions into digital assets.
Bitcoin, NFTs and financial tech companies have Hollywood's best bought in.
Snoop Dogg and Justin Bieber haven't collaborated on a song but they're putting their capital in the same place.
, a new crypto start-up, has a valuation of over dollars thanks to major early contributions from Snoop Dogg, Bieber and other contributing celebrities.
It's one of many financial technology companies to achieve "" - a term for a private company worth more than $1billion dollars.
Bieber and Snoop Dogg are also two of the best known holders of .
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Tom Brady
Tom Brady is more than just an NFL quarterback - he's a dynamic businessperson with a track record of smart investments.
When Under Armour tapped Brady for an endorsement deal in 2010, he took stock in the company - in the years since, the value of that contract has gone up .
Brady has been publicly holding Bitcoin since , and he's even rocked the laser-eye Twitter avi that crypto-heads look at like a uniform - though the price dropped immediately after he uploaded the .
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Like anything else he does, Brady is all the way in - he and his wife Gisele Bünchden bought equity in , a crypto exchange company.
One thing we know about Brady is that he can't say no to appearing in a commercial - he's appeared over 80,000 commercial airings according to .
Fans can expect to see of that in their partnership with FTX.
Matt Damon
Like Brady, Matt Damon is a member of Boston royalty.
Damon starred as the frontman for Crypto.com in a string of CGI-heavy commercials.
He was skewered for peddling crypto-ganda in and a harsh burn on an episode of .
Crypto.com has a large digital exchange where users can trade in widely known tokens like Bitcoin, meme-currencies like Dogecoin, NFTs, and other assets.
Paris Hilton
Hilton has an unshakable belief in the lasting power of cryptocurrencies and NFTs - she supposedly started investing in crypto in as early as .
In January 2022, when cryptocurrencies were at a lull, Hilton told CNBC “I see digital currencies definitely rising [again]...Right now, what I did, which is what people say, is buy the dip."
In the months since, the price of Bitcoin has gone up by about $5,000 - Hilton has been public about her ownership of the token and even welcomed Tom Brady to the Bitcoin team in a .
Going modern on all fronts, Hilton hosts events in the metaverse as a DJing avatar.
Kim Kardashian
Kim Kardashian made a splash on the crypto-scene when she promoted the currency EthereumMax on her Instagram story - it .
A accuses the and the celebrities that promoted it of "false or misleading statements to investors about EthereumMax through social media advertisements and other promotional activities.”
EthereumMax was likely trying to capitalize on their similarity to the popular token Ethereum, though the two currencies are not related.
The United States Congress
have crypto holdings, with the largest investment coming from , who said she owns to $100,000 worth of Bitcoin in 2021.
Members of Congress are not barred from buying digital assets but it begs the question whether those who do should be able to legislate on matters relating to cryptocurrencies.
Relatedly, Senator Jon Ossoff bucked Nancy Pelosi and the establishment Democrats when he introduced a bill members of Congress from trading stock - the does not mention crypto.
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High profile celebrities normally have the capital to make a risky investment - and stay wealthy win or lose.
Investors should remember crypto markets are - there are no guarantees.
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