While Bitcoin has been making headlines for its historic rise in 2024, the popular cryptocurrency has long enjoyed fame in the rap world. Rap artists have progressed from touting gold chains and stacks of bills to showing off their rocketing crypto investments, inspiring millions of fans to join in.
The Top Rappers Interested in Bitcoin and Crypto
Drake
None other than the legendary Drake has joined the Bitcoin rush. In March 2024, he reposted a video of entrepreneur Michael Saylor’s endorsement of Bitcoin as an investment. Drake has previously identified himself as a Bitcoin fan, even posting an image of his diamond-encrusted Ledger wallet to his Instagram account in 2022.
Jay-Z
Beyond his audience-pleasing rhythms, Jay-Z has distinguished himself as a keen businessman. He has endorsed Bitcoin through his new “Bitcoin Academy” in projects in Brooklyn, New York. Looking to uplift this community, his program will educate students on investing and award them $20 worth of Bitcoin upon completion.
Snoop Dogg
One of the biggest names on this list, Snoop Dogg, might also be the biggest crypto fan in the rap industry. In addition to personally investing in NFTs, Snoop Dogg recently announced his “Snoopverse” on the Sandbox, which includes his personal mansion in the Metaverse.
50 Cent
50 Cent established his place in the crypto world early on when he decided to accept Bitcoin payments for his “Animal Ambition” album in 2014. This made him the first high-profile musician to accept Bitcoin as a payment in exchange for music.
Nas
Another successful rapper turned businessman, Nas has engaged in crypto in a way that lets him share the wealth with his fans. He decided to allow listeners to own the royalty rights to two of his songs, “Ultra Black” and “Rare,” in the form of NFTs.
Logic
Logic made his opinion on Bitcoin known when he boasted of his purchase of “six million in Bitcoin” on his Instagram feed. While the popular rapper was brazen in his investment, later surges in Bitcoin likely made this a lucrative choice.
Money Man
One of the youngest rappers to invest, Money Man made crypto history when he became the first rapper to accept a studio salary entirely in Bitcoin, which totaled over $1 million.
Lupe Fiasco
Know for his hard-hitting lyrics, Lupe Fiasco has also been vocal about his love for the blockchain, stating his hopes that it will revolutionize the music industry.
Why Bitcoin and Crypto Appeals to Rappers
In an industry where so many artists have climbed their way from humble beginnings to big riches, it’s no wonder that Bitcoin and Crypto have caught the attention of so many rappers. The world of decentralized finance (DeFi) operates with the core values of financial independence and breaking free from the system.
The Cultural and Financial Impact of Bitcoin in Hip-Hop
As more artists catch the crypto fever, the rise of Bitcoin in the music industry stands to have a profound impact on the hip-hop scene. This goes beyond putting Bitcoin in the lyrics to new songs. Just as Lupe Fiasco hopes, adding Bitcoin to the industry could change how artists profit off their hits. By accepting Bitcoin as payment and sharing investment opportunities with fans, these artists could reimagine the music game.
Is Bitcoin Worth Buying While It’s Less Than 100K?
The current Bitcoin price is sitting at a value of just under $100,000. While Bitcoin has experienced historical price surges in 2024, there’s no saying how far this will go. Generally speaking, investor enthusiasm has played a large part in the crypto market, with prices rising as more high-profile investors express confidence in a cryptocurrency. The advocacy of major artists in the rap world could have a significant impact on Bitcoin’s long term growth. However, as with all investments, there remain risks, and potential buyers should perform thorough market research before committing.
Where to Buy Bitcoin (BTC)
One of the first major steps to investing in Bitcoin is learning where to acquire BTC. Investors will need to access cryptocurrency exchanges and establish secure means to buy, hold, and trade their coins.
Cryptocurrency Exchanges
Cryptocurrency exchanges are online platforms that provide the tools to buy and sell cryptocurrencies such as Bitcoin. When selecting a cryptocurrency exchange, investors can consider factors such as cryptocurrency selection, accessibility, security, and support features like market analytics.
Bitcoin Wallet Providers
In addition to locating a secure platform for trade, crypto investors need to acquire a secure method for storing coins and engaging in transactions. A variety of Bitcoin wallets are available. These vary in forms depending on user preference, from “cold” offline hardware wallets to “hot” online software wallets.
The Ledger Bitcoin Wallet
One secure and trusted crypto wallet available today is the Ledger BTC Wallet. The Ledger Bitcoin Wallet offers users the following features:
Non-Custodial Bitcoin Wallet
With the non-custodial option, users maintain direct control and access to their digital assets.
Secure and Reliable Bitcoin Wallet
The Ledger Bitcoin Wallet stores users’ access keys and signs transactions offline, allowing for optimal security and reliability.
Trusted Bitcoin Wallet Solution
With millions of customers, the Ledger Bitcoin Wallet is one of the most trusted solutions in Bitcoin storage.
User-Friendly Bitcoin Wallet App
In addition to the advanced security of the Ledger Bitcoin Wallet, the Ledger Bitcoin Wallet app provides user friendly and convenient access to funds.
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