- Celebrity endorsement in cryptocurrency
- How the richest man in the world is reacting to the boom of the crypto market
After hitting a record high in the market in recent weeks, the largest cryptocurrency in the world is back in the spotlight after rough past years. We can now see the largest cryptocurrencies doing paid promotional work with one of its earliest supporters, actress Lindsay Lohan.
What Lohan and Others Has To Say About One of The Most Valuable Assets in the World
When bitcoin’s total value was nearly only $280 billion, celebrities like DJ Khaled, actor Steven Seagal, and boxer Floyd Mayweather were investing in different cryptocurrencies,
Lindsay Lohan is among one of the few earliest supporters of bitcoin.
Crypto news outlet contracted Lohan through an online service known as Cameo, allowing businesses to acquire celebrities at an agreed price for personalized promotion and advertisement.
The crypto news outlet via Twitter brought it to the media attention, saying it’s just another day in crypto.
In a 12-second long video, we can see Lohan excitingly forecasting the new all-time high of Bitcoin and Ethereum value up to $100,000 and $10,000, respectively. Showing her encouragement towards the future worth of cryptocurrencies, Lohan said, ” I hope you all get to drive your Lambos to the moon.”
World‘s Richest Man Is All About Bitcoin Now
Founder of SpaceX and Tesla, who became the richest man in the world, billionaire Elon Musk. Replied to Ben Mezrich’s tweet, he said he would never turn down anyone paying him in Bitcoin.
The Bitcoin price jumped to over $40,000 per bitcoin in the past week before falling back to a trade price of $35,000, surpassing its 2017 highest, nearly $20,000. The world’s second-largest cryptocurrency Ethereum has gone above $1,000 for the first time since February 2018.
Market capitalization and the total value jumped over $700 billion during last week’s highs, moving bitcoin upwards the charts of the most considerable global assets and making it somewhat more valuable than Facebook.
The return of endorsement through a celebrity in the crypto industry can signal that traders and retail investors who have remained mostly on the sidelines of this bitcoin’s serious bull run till now are about to jump into the crypto market.
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