Thursday, October 22, 2020

Grammy-nominated record producer joins the Bitcoin club

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Murda Beatz, known for his popular music collaborations with Drake, Nicki Minaj, Travis Scott, and others, has bought himself some Bitcoin. 

Announcing the news to his 283,200 followers on Twitter, Beatz “saluted” hip-hop artist Jermane Prime and Morgan Creek Digital co-founder Anthony Pompliano as being instrumental in him making the purchase.

Anthony Pompliano (aka Pomp) congratulated him on becoming the newest Bitcoiner and asked his followers to welcome him — which they happily did.

Murda Beatz (Shane Lee Lindstrom) is a Canadian record producer who has worked on eight Grammy-nominated albums with the likes of Cardi B, Travis Scott, Nipsey Hussle, and he produced Drake’s smash hit “Nice for What,” which was No. 1 on the Billboard Hot 100 for 8 weeks.

The crypto industry has long attracted the involvement of celebrities. Back in 2013, Snoop Dogg announced plans to sell his albums in BTC.

During the ICO craze in 2017, celebrities like Paris Hilton and Floyd Mayweather endorsed new coins that emerged at that time, although both turned out to be less than stellar quality projects.

Gwyneth Paltrow is another famous celebrity who advocates for Bitcoin. In fact, she was also the advisor at the Bitcoin wallet, Abra.

Crypto also piqued interest from tech investor and actor Aston Kutcher who invested in UnikoinGold along with billionaire Mark Cuban. However, the startup behind Unikrn token was fined $6.1 million by the SEC last month for violating securities laws. The actor also invested in BitPay — a Bitcoin payment service provider.

Former UFC fighter Ben Askren tweets about crypto regularly and supported the last Bitcoin halving by literally changing his name on Twitter to “Bitcoin Halving May 13.”

Over the years, Bitcoin has also managed to turn certain skeptics into bulls. In one such incidence, business intelligence firm MicroStrategy recently bought $425 million worth of Bitcoin, after its CEO Michael Saylor had said that Bitcoin’s “days were numbered” back in 2013.

The crypto space is still far from reaching mainstream adoption, so the involvement of celebrities does help bring attention from people who may not hear about crypto otherwise.

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