Bitcoin

Rapper Logic is the latest celebrity to enter the world of Bitcoin and invest $ 6 million

After the actress called from game of Thrones Maisie Williams for advice on whether to invest in Bitcoin (BTC) earlier this week, Rapper Logic has gone headlong into Bitcoin.

In a video posted on his Instagram story, Logic, whose real name is Sir Robert Bryson Hall II, said it “bought six million in Bitcoin last month”.while doing the neck-pulling gesture that rapper Xzibit popularized on MTV show Pimp My Ride in the mid-1990s.

He went on, trying to understand that it wasn’t a big deal, and mumbled “F ** k it”, “YOLO” (which means “You only live once”) and “Seriously …”.

Rapper Logic is the latest celebrity to enter the world of Bitcoin and invest $ 6 million
Rapper Logic is the latest celebrity to enter the world of Bitcoin and invest $ 6 million

Despite your demeanor, Logic’s investment could turn out to be a particularly smart financial move.

In the worst case, If “last month” meant the rapper made the investment at the top of the market on October 31st, then his $ 6 million would have bought about 433 BTC at a price of about $ 13,850.

To this day That 433 BTC is valued at $ 7,926,500 at the time of going to press, representing a profit of nearly $ 2 million.

But still, The likelihood that this will be the exact entry point for Logic to buy from the market is slim.

If the rapper had used the phrase “last month” to refer to a month, his purchase price could have been $ 11,760.. Those hypothetical 510 BTC would now be worth $ 9.3 million or a profit of $ 3.3 million.

And if days and weeks mean little to people, it is of course possible that they spoke of an investment at the beginning of October. This would have given you almost 570 BTC at a price of around $ 10,550.

This would now be worth $ 10.4 million, which translates into a profit of $ 4.4 million, or a return of nearly 75% on your original investment..

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