Celebrities and high-profile people seem to love Bitcoin as many new faces have entered the scene. The latest celebrity to talk about Bitcoin in public is Sean Lennon, son of an English singer, songwriter, and a founding member of the Beatles, John Lennon. Speaking on the Orange Pill podcast, Lennon said Bitcoin “empowers people in a way they’ve never been empowered before.”
While bitcoin might have rallied a lot over the last few months, most of the demand was from major institutions like MicroStrategy and Square. Hence, many refer to bitcoin as rich people’s money. However, after a rough 2020, Lennon believes that its benefits must be enjoyed by all.
“In an ocean of destruction that was this year, I find Bitcoin to give me a kind of optimism, to be honest,” Lennon said.
He explained that the world’s famed cryptocurrency gives ordinary people a far more secure route to grow their wealth than any other asset. He compared bitcoin with gold, stating:
“If they [people] had gold they would have to carry it in a sack and someone could steal that from them,” he said, adding that Bitcoin doesn’t have that kind of a problem. Instead, because Bitcoin is separated from the physical world and ordinary people can have peace of mind, knowing that their wealth is more secure than it would be if it was invested in a physical asset such as gold.
Celebrities love Bitcoin
Looking at Bitcoin’s meteoric rise, Lennon is not the big name who is bullish on Bitcoin these days. The cryptocurrency has surpassed $18,500, a 43% increase from its price of $12,965 just a month ago. As a result, there have been a lot of celebrity endorsements over the past month.
Just days ago, famous rapper Sir Robert Bryson Hall II, popularly known as Logic, whose records have topped the charts on many occasions revealed to millions of his fans on Twitter and Instagram that he has bought more than $6 million worth of Bitcoin.
Just a week before, Game Thrones actress Maisie Williams, also noted the same thing to her 2.7 million fans on Twitter. While her fans advised her not to invest in bitcoin, the actress tweeted “I bought some anyway.”
Earlier this month, nine celebrities namely David Hasselhoff, Charlie Sheen, Carole Baskin, Charlamagne Tha God, Gilbert Gottfried, Doug Benson, Hassan Johnson, Soulja Boy, and RZA, with profiles on the sponsored video-sharing platform Cameo wished a happy birthday on the twelfth anniversary of the publication of its whitepaper on Oct. 31.