Nas, regarded as one of the greatest rappers of all time, took a bet on Bitcoin BTC/USD ten years ago when it wasn't even a thing, and has held on to the stash ever since.
What Happened: The hip-hop star, whose albums like "Illmatic" have been chartbusters, was one of the early adopters of the apex cryptocurrency.
In an interview dated August 1, 2014, Nas famously said, "Bitcoin will evolve into an industry as big, if not bigger, than the internet."
The visionary Bitcoiner, whose real name is Nasir bin Olu Dara Jones, acknowledged the skepticism around the digital currency back then but predicted that such concerns would fade away with time.
When Nas made these remarks, one Bitcoin was valued at $500. This means that an investment of $1,000 would have fetched 2 units of the cryptocurrency.
Today, one Bitcoin is priced at a staggering $64,232. This means that 2 units will be worth $1.28 million, indicating a massive 128x return over 10 years.
See Also: Bitcoin A CIA Creation? Tucker Carlson Believes So: ‘They Got There First. It’s Honey Trap’
Why It Matters: Nas isn’t the only celebrity musician to have an affinity for Bitcoin.
Grammy Award-winning rapper 50 Cent was one of the first to board the bandwagon when he accepted BTC as payment for his album “Animal Ambition” 10 years ago.
Furthermore, rap legend Snoop Dogg publicly talked about his Bitcoin holdings and has been a vocal advocate of the digital currency revolution.
Bitcoin’s meteoric gains over the last decade offer some support to maximalists’ long-held narrative that the coin is a store of value asset.
Photo Courtesy: Jamie Lamor Thompson On Shutterstock.com
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