Top 7 Indian Celebrities to Join the Cryptocurrency Craze in 2021

Credits - Medium

What is Cryptocurrency?

Cryptocurrency takes the form of digital assets. Investors use their money to buy these assets and later exchange them for goods and services.

Think of an asset like Gold: You go to the jewelry store and buy some gold. The gold here works as an asset. In the future, if you ever wish to buy some goods and services, you can exchange the gold for it.

The first-ever Bitcoin transaction was for “Pizza!”

How Do You Work with Cryptocurrency?

1. Transactions are verified using technologies like blockchain and Computer code.

2. It operates without the need of a third party-a person, company, or even the government.

3. A blockchain is a ledger that keeps track and helps distribute risk.

4. If one system is damaged or hacked the rest of it is still safe.

5. The system overviews if other cryptocurrency units can be created.

6. If new cryptocurrencies are created, systems define their origin to determine ownership.

How Does Cryptocurrency Bring Value today?

The value of a cryptocurrency depends on how many people are willing to demand it just like real estate. It is faster, cheaper, and can help make profits. Bitcoin was initially launched as open-source software in 2019. Since then, thousands of other cryptocurrencies have emerged.

The world has different views on cryptocurrencies. The main benefit of cryptocurrency is to ensure that the buyer remains anonymous. Prices will continue to fluctuate but the investors believe that by the year 2030, cryptocurrency will be the most common mode of transaction.

Cryptocurrency in India has tied up with celebrities across social media platforms, Bollywood, and the sports industry to invest its exchanges in the global market.

Some of the celebrities who have promoted cryptocurrencies on Instagram, Facebook, and Twitter include stand-up comedians Tanmay Bhatt’ and ‘Aishwarya Mohanraj’. Instagram content creators ‘Kusha Kapila’ and ‘Dolly Singh’. 

More Promotion, More Exchanges!

Some Bollywood celebrities to hop on the cryptocurrency craze in 20221 are:-

1. Amitabh Bachchan

Credits - Content.techgig

Unsurprisingly, Veteran Actor, Amitabh Bachchan is all set to launch his own set of limited NFT’S which could sell for crores. He will be working towards raising awareness about Cryptocurrency later this year. 

2. Salman Khan

Credits- News18

Recently, Bollywood Actor Salman Khan launched the first cryptocurrency token $GARI at a public event at Taj Land’s End. He also announced his collaboration with the Chingari app in the marketplace and the token reward program. He made it official in his tweet, “Cheers to a new chapter in content creation and monetization”.

3. Tanmay Bhatt

Credits - Youtube

Tanmay Bhatt has been one of the first content creators to post about Bitcoin on Instagram He also created two videos on YouTube titled,” How does bitcoin work?” and “Cryptocurrency explained”. He also tweeted,” How does one resist the temptation to invest more wealth in crypto? Looking for tips before I NFT my whole extended family”. 

4. Radhika Apte

Credits - Economic Times

Radhika Apte recently took to social media to promote cryptocurrency trends with a caption, ”Bitcoin Liya Kya?”. She appealed to leading cryptocurrency exchanges and encouraged followers to invest in the same.

5. Kusha Kapila

Credits - Youtube

Kusha Kapila recently advertised an app to invest in Bitcoin and posted a video on social media with the caption,” Nayana predicted this bitcoin”. Recent trends in bitcoin exchanges have provided a lot of content for creators on Instagram and Twitter. Crypto investments in India jumped from around $923 million (about Rs 6,900 crore) in April 2020 to $6.6 billion (Rs 49,500 crore) by May 2021.

6. Dinesh Karthik

Credits - CNBCTV18

 

A cricketer who has led the Tamil Nadu cricket team to multiple achievements is now the brand ambassador for the StartUp Rage.Fan.This collaboration is a blockchain project to change the whole perspective of the Cryptocurrency trend in India.

7. Sunny Leone

Credits - Marketing Mind

Sunny Leone recently invested in NFT and became the first Bollywood Actress to have done so. In a blog, she said, crypto is the future of the world and NFTs allowed her to express herself with art and be able to essentially make each NFT its own unique token which is really exciting”

WazirX, backed by Binance, the world's largest exchange by trading volume, said that influencers are playing a huge role in promoting crypto.

Written By - Rachita Arora