For years, some investors have preferred to hold their wealth in cryptocurrencies like bitcoin and ethereum rather than cash. As cryptocurrencies become more popular, this school of thought has become more widely held to the point that even billionaires and celebrities have publicly stated that they would rather hold their wealth in digital assets than in fiat. .
One of the latest celebrities to declare their support for bitcoin and ethereum is American rapper Lil Baby. The rapper who has risen to prominence over the past two years said he would rather hold his wealth in cryptocurrencies such as bitcoin and ethereum than hold cash.
Lil Baby wants his money in Bitcoin and Ethereum
American rapper Lil Baby was shopping on the cooler when asked where he put his money. The rapper is known to be a regular at the luxury jeweler with an internet joke that people will “stumble across Lil Baby” when they visit the jeweler.
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While shopping, the rapper expressed his dissatisfaction with the money. When asked what he would prefer to cash out, Lil Baby explained that he would rather have all his money in bitcoin and ethereum, the 2 major cryptocurrencies currently in the space.
Showing the bag of money he had brought with him to buy jewelry, he said it was the last money he had. The rapper has been known to drop thousands of dollars at a time for “iced-up” jewelry, which has become a status symbol among famous people.
BTC trading at $41K | Source: BTCUSD on TradingView.com
Lil Baby has also expressed interest in the Metaverse. He told the attendant that he didn’t live in the real world, instead living in the metaverse. Regarding cash, he said he no longer carries cash, stating “I don’t walk around with cash anymore.”
Celebrities are diving into cryptocurrencies
Lil Baby isn’t the first to show support for cryptocurrencies like bitcoin and ethereum. Some might even say he’s a bit late for the game. 50 Cent made headlines in the 2017/2018 bull market when he revealed he had found 700 bitcoins generated from album sales which were then worth millions.
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Rapper Busta Rhymes showed interest hit the market last year at the height of the Dogecoin hype. After what seemed like a rollercoaster of a learning curve, he finally decided to invest in bitcoin, later revealing his intention to charge bitcoin for future transactions.
hip hop star Megan Thee Stallion teamed up in August with Cash App to educate fans about cryptocurrencies. The partnership involved a video tailored to its fan base, as well as a $1 million bitcoin giveaway on the app.
Featured image from XXL Mag, chart from TradingView.com