Grammy- chosen rap celebrity Robert Bryson Hall II, recognized properly as Logic, comes from a particular niche listing of songs stars with considerable financial investments in Bitcoin ( CRYPTO: BTC), the globe’s biggest cryptocurrency.
What occurred: Way back in November 2020, the rap artist, understood for the chartbuster track “1-800-273-8255,” divulged on Instagram that he bought $6 million well worth of the cryptocurrency.
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“My $6 million in Bitcoin last month. F*** it. YOLO. Seriously,” Logic stated in a video clip uploaded on his Instagram tale.
The discovery adhered to an earlier X (after that Twitter) message where he created, “My manager Chris Zarou has been bugging me, so I finally made a big investment in Bitcoin.”
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When Logic made the disclosure, one BTC was valued at $17,817.09. So, a financial investment of $6 million would certainly have brought him regarding 336.75 systems of the cryptocurrency.
Today, one BTC deserves $60,228.31, indicating that Logic’s stock would certainly amount $20.282 million, noting a considerable 238% roi.
Note that this estimation thinks that Logic really did not market his Bitcoin holdings. Information regarding the exact same is not openly readily available since this writing.
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Why It Matters: Logic isn’t the only songs musician to have actually boarded the Bitcoin bandwagon.
Grammy Award- winning rap artist 50 Cent was among the very first stars to approve the pinnacle cryptocurrency as settlement for his cd “Animal Ambition” ten years back. He gathered as numerous as 700 Bitcoins.
Eminem, an additional rap tale, stated Bitcoin in the preferred track “Not Alike” from the very popular cd “Kamikaze.”
Nas, considered as among the best rap artists of perpetuity, positioned a bank on Bitcoin as early as 2014, forecasting that the possession would certainly expand larger than the net.
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This write-up Grammy-Nominated Rapper Logic Invested $6M In Bitcoin Nearly 4 Years Ago: This Is How Much His Stash Would Be Worth Today initially showed up onBenzinga com
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