American Rapper Lil Baby On Holding Bitcoin And Ethereum Over Fiat
January 18 2022 - 12:00PM
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For years now, some investors have preferred to hold their wealth
in cryptocurrencies like bitcoin and ethereum as opposed to cash.
As cryptocurrencies become more popular, this school of thought has
become more widely shared to the point where even billionaires and
celebrities have publicly come out to say that they would rather
hold their wealth in digital assets rather than fiat. One of the
latest celebrities to profess their support for bitcoin and
ethereum is American rapper, Lil Baby. The rapper who rose to
prominence in the last couple of years has said that he would
rather hold his wealth in cryptocurrencies such as bitcoin and
ethereum as opposed to holding cash. Lil Baby Wants His Money In
Bitcoin And Ethereum American rapper Lil Baby was shopping on
Icebox when he was asked about where he puts his money. The rapper
is known to be a regular at the luxury jeweler with a running
internet joke that people will “run into Lil Baby” when they visit
the jeweler. Related Reading | What’s In Store For
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shopping, the rapper expressed his displeasure with cash. When
asked what he would prefer to cash, Lil Baby explained that he
would rather have all of his money in bitcoin and ethereum, the top
2 cryptocurrencies currently in the space. Pointing to the bag of
cash he brought with him to purchase jewelry, he said that was the
last bit of cash he had. The rapper is known to drop thousands of
dollars at a time for some ‘iced out’ jewelry, which has grown to
be somewhat of a status symbol among famous people. BTC trading at
$41K | Source: BTCUSD on TradingView.com Lil Baby also expressed
his interest in the metaverse. He told the attendant that he didn’t
live in the real world, living instead in the metaverse. As for
cash, he said that he wasn’t carrying any more cash, stating “I
ain’t walking around with cash no more.” Celebrities Dive Into
Cryptocurrencies Lil Baby is not the first to show support for
cryptocurrencies such as bitcoin and ethereum. Some might even say
he’s a little late to the game. 50 Cent made headlines in the
2017/2018 bull market when he revealed that he had found 700
bitcoins generated from album sales which were then worth millions.
Related Reading | Altcoins Are Encroaching On Bitcoin’s
Dominance On Digital Payments Rapper Busta Rhymes showed interest
in the market last year during the peak of the Dogecoin hype. After
what seemed to be a rollercoaster of a learning curve, he had
finally settled on investing in bitcoin, later revealing his
intention to charge bitcoin for future deals. Hip Hop star Megan
Thee Stallion teamed up in August with Cash App to educate fans on
cryptocurrencies. The partnership involved video tailored towards
her fanbase, as well as a $1 million in bitcoin giveaway on the
app. Featured image from XXL Mag, chart from TradingView.com
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