How Hollywood Has Approached Crypto

In recent years, celebrity involvement in the crypto space has been on the rise. From tech moguls to Hollywood stars, some of the most influential figures have taken a vested interest in digital currencies such as Bitcoin and Ethereum.

While there are people who have earned celebrity status because of crypto, that’s not who we are covering here. Rather, these are people who have used their mainstream fame to launch, support, or propel cryptocurrencies and blockchain technology.

As many celebrities use their influential status to promote various crypto ventures, it’s critical to avoid “being influenced” and do your research. Many crypto-related investment opportunities require sales to be made to accredited investors. If this is the case, you can learn how to verify accredited investors and how to receive an accredited investor status certificate to qualify quickly.

3 Celebrities Who Champion Crypto

Matt Damon

One major celebrity that comes to mind is Matt Damon. The Oscar-winning actor is a self-described fan of cryptocurrency, having taken an active role in promoting its potential benefits. The star has voiced his support for blockchain technology and its underlying principles. As well as expressing his thoughts on the matter publicly, he invested in a blockchain-based start-up called Ripple in 2018.

Additionally, Damon became the face of Crypto.com at the peak of the crypto market. On top of this, he lent his star power to promote philanthropic initiatives within the crypto space. In 2019, he partnered with Omaze to give away $10 million worth of bitcoin to Water.org.

Ashton Kutcher

Another notable celebrity in the crypto-sphere is Ashton Kutcher—the popular actor, entrepreneur, and venture capitalist who’s been heavily involved with Bitcoin since 2013 when early investors thought it too risky for mainstream adoption. Since then, he’s continued to launch projects focusing on blockchain technology, such as A-Grade Investments, which has interests in several crypto startups, including BitPay and Coinbase—the two leading exchanges for buying and selling cryptocurrencies today.

Kutcher isn’t content with just investing either; he’s also actively involved in promoting public awareness via speaking engagements at conferences like Web Summit, where he spoke about how blockchain technology can help make financial services more accessible to those who are underserved by traditional banks like migrant workers or refugees around the world.

Gwyneth Paltrow

Lastly, there’s Gwyneth Paltrow—one of Hollywood’s most renowned actresses who’s taken an active interest in the crypto industry since 2017 when she became an advisor at Abra Wallet—a mobile application that allows users to buy, sell, store, invest, and earn digital currency from their smartphones without needing any bank accounts or middlemen involved whatsoever. Gwyneth has also championed women to enter the crypto space, as women often invest less than men.

Undoubtedly these celebrities have had an impact on the crypto space by elevating its profile amongst mainstream audiences. They have demonstrated not only how useful digital currencies can be from an investment standpoint but also the potential they have to offer financial services alternatives where needed most. Although many celebrities such as these are having a positive impact on the industry, many others are using their status to promote various crypto investments. To avoid investing in a project because of pure hype, make sure you do research, keep a clear head, and invest wisely.