8 Hollywood Celebrities Buying Into Crypto Hype: Is Bitcoin Having A Red Carpet Moment?

There's a new trend that's been catching the eyes of celebrities: Bitcoin BTC/USD.

As this decentralized digital currency gains traction globally, many Hollywood stars are not only investing in it but, in certain instances, funding movies with it.

From pop icons to wrestling-turned-acting sensations, let's explore eight celebrities who've shown a keen interest in the world of cryptocurrencies.

This growing fascination will be one of the key topics discussed at the highly anticipated Benzinga's Future of Digital Assets conference on Nov. 14. As the financial world remains abuzz with crypto talk, even Hollywood's elite are joining the conversation.

1. Mike Tyson: The former boxing world champion isn't just known for his fierce punches. Tyson has a bustling cannabis business. And back in 2016, he launched a Bitcoin wallet in collaboration with Bitcoin Direct, showcasing his enthusiasm for the digital asset.

2. Oprah Winfrey: Many celebrities rallied to support Maui after the Hawaiian island was devastated by a wildfire in August. Oprah, for example, helped launch the People’s Fund of Maui, and welcomed crypto donations in an effort to get financial aid to the victims.

3. Dwayne Johnson: The "Black Adam" star and former WWE champion joined Oprah in the effort. The Rock was also, for a moment, believed to be involved with Gala Games GALA/USD, but the company quickly issued a correction on the matter.

4. Lindsay Lohan: The "Mean Girls" star didn't just stop at investing. She embraced the wider crypto ecosystem by launching her own NFT (non-fungible token) art on the Ethereum blockchain, highlighting her belief in the technology's potential.

5. Maisie Williams: The "Game of Thrones" star once took to Twitter to poll her followers on whether she should invest in Bitcoin. With a majority nudging her towards a 'yes,' it won't be a surprise if "Arya Stark" has some BTC in her digital wallet.

6. Snoop Dogg: This rap legend has been a vocal advocate of cryptocurrencies. He once tweeted about his Bitcoin holdings and has consistently shown support for the digital currency revolution.

7. Ashton Kutcher: The actor and entrepreneur has been a long-time crypto enthusiast. Co-founding a venture fund, A-Grade Investments, Kutcher invested in Bitcoin payment gateway, BitPay, signaling his belief in Bitcoin's future.

8. Gwyneth Paltrow: After joining the Bitcoin wallet, Abra, as an advisor, Paltrow has been vocal about her support. She even tweeted a Bitcoin-related Q&A, showcasing her commitment to educating her followers about the digital asset.

Also Read: EXCLUSIVE: CBDCs Epitomize Anti-Crypto Movement But There's A Catch, Elusiv Founder Says

Celebrity endorsements of Bitcoin underscores the changing financial landscape. For many, Bitcoin represents not just an investment but a shift towards decentralization and digital transformation in the world of finance.

It's noteworthy that while celebrities bring attention to Bitcoin, they also introduce volatility.

Elon Musk, while not a traditional Hollywood celebrity (despite his hosting an episode of "Saturday Night Live" and having a cameo in "Iron Man 2"), has been known to cause significant price fluctuations for Dogecoin DOGE/USD.

Some critics argue that celebrity involvement might dilute the essence of the decentralized movement, but others believe that their vast reach can introduce Bitcoin and its underlying principles to a broader audience.

This merging of Hollywood with crypto isn't just limited to individual endorsements.

Collaborations between the entertainment industry and crypto platforms are on the rise, for better or for worse.

The upcoming Benzinga's Future of Digital Assets conference on Nov. 14 promises to delve deeper into such intersections, exploring the impact of mainstream endorsements and the future trajectory of digital assets in a celebrity-influenced culture.

Read Next: Bitcoin Is 'Choppy' But What About Rollbit? Expect This During The Next Bull Market

Meet and engage with transformative Digital Asset and Crypto business leaders and investors at Benzinga's exclusive event — Future of Digital Assets. Tickets are flying —  get yours!

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