Reese Witherspoon Buys Into Ethereum And Gets A Taste Of Crypto Twitter With Bitcoin, Dogecoin Backers Sending In Pitches

Ethereum ETH/USD has gained a new backer and it is the “Legally Blonde” fame actress Reese Witherspoon, and Twitteratis have a lot to say.

What Happened: Witherspoon announced on Thursday that she had purchased her first-ever ETH. 

See Also: How To Buy Ethereum (ETH)

Just bought my first ETH! Let’s do this #cryptotwitter

— Reese Witherspoon (@ReeseW) September 2, 2021

Youtuber, social media star, and boxer Logan Paul responded by offering Witherspoon a non fungible token or NFT from the World of Women collection. The project behind the collection aims to foster diversity in the NFT space. 

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

The actor’s purchase of her first ETH did not go unnoticed by Bitcoiners, who expounded on the merits of their favorite coin. 

Have you heard of #Bitcoin? It's a better store of value than ETH for lots of various reasons. I won't bore you with them, except saying that zero nations have adopted ETH and here in 5 days we'll have one nation adopting BTC. #ElSalvador

— Derek Ross  (@derekmross) September 3, 2021

Hey @ReeseW in case you didn’t know when the founders started eth they kept 70% for themselves. Think of it like a tech company. #bitcoin however, the founders kept nothing and it’s actual fair sound money empowering humanity and way more important than any tech company.

— Mark Ioli  (@mark_ioli) September 3, 2021

Cryptocurrency analyst Kaleo and Bitcoin BTC/USD investor Lark Davis were among the people who welcomed Witherspoon’s first step into cryptocurrency. 

WELCOME TO THE BIG LEAGUES

— K A L E O (@CryptoKaleo) September 2, 2021

Welcome to the party

— Lark Davis (@TheCryptoLark) September 2, 2021

Adherents of Dogecoin DOGE/USD, a Shiba Inu-themed cryptocurrency, also pitched their coin at Witherspoon. Dogecoin co-creator Billy Markus said in a Tweet that he liked the 1999 film “Election.”

@ReeseW Dogecoin would also be a great pickup! pic.twitter.com/QX2aVbLVdE

— MichaelSB (@spacebucks777) September 2, 2021

 

Come get a cute puppy!! pic.twitter.com/Zd5BYd6N0x

— The Doge Pound (@TheDogePoundNFT) September 3, 2021

Why It Matters: Ethereum has soared 20.84% in the last seven days. Since the year began, the cryptocurrency co-founded by Vitalik Buterin has shot up 416.33%. At press time, ETH traded 0.27% higher at $3,770.34 over 24 hours.

See Also: This Investment Strategist Says He May Sell All His Bitcoin To Go All-In On Ethereum: Here's Why

A lot of appreciation in Ethereum lately has been due to the NFT buzz, a space that is dominated by Ethereum. The cryptocurrency has also received a push thanks to the DeFi and DApp segments.

Ethereum’s smart contract capability, DeFi potential, upcoming shift to a proof-of-stake model, and speed and scalability are just some of the reasons that the six-year-old cryptocurrency is thought to have an intrinsic value.

Cryptocurrencies have attracted all manner of celebrities in recent years. SpaceX and Tesla Inc TSLA CEO Elon Musk, Dallas Mavericks and “Shark Tank” fame Mark Cuban, Rapper Snoop Dogg, “Game of Thrones” actor Maisie Williams are just some of the few that have recently been discussing digital money.

Read Next: This Little-Known OTC Stock Jumped 77% Today — Thanks To Dogecoin

Photo: By David Torcivia on Flickr