en
Back to the list

Bitcoin news: MrBeast's millionaire investment

source-logo  en.cryptonomist.ch 12 February 2024 08:32, UTC

Latest Bitcoin news: MrBeast, the famous YouTuber, is also a BTC holder for millions of dollars since 2021. The current price of $48,260 has returned to be higher than the value of his initial investment, which was $46,300.

Summary

Bitcoin news: YouTuber MrBeast is a holder of millions of dollars worth of BTC

It was September 2021, when the famous YouTuber, MrBeast, declared in an interview with Logan Paul, to be a Bitcoin investor.

Specifically, MrBeast, whose real name is Jimmy Donaldson, had confirmed that he had invested 1.5 million dollars in Bitcoin eight months earlier, when the price of BTC was $46,300.

Looking at the Bitcoin price chart, it is easy to notice how the investment of the YouTuber known for his flashy stunts and expensive content took place around the beginning of February 2021.

And indeed, during that period, the first price increase of Bitcoin ever started, reaching $63,500 in April 2021. This price then dropped and rose again in November 2021, reaching the absolute ATH – All Time High of BTC at a price of $69,000.

At the time of writing, therefore, with BTC worth $48,260, we are once again surpassing for the first time since 2021, the initial investment price level of MrBeast of $46,300. From here, this is how MrBeast is once again a holder of millions of dollars worth of Bitcoin.

BIG BREAKING 🚨

MR BEAST IS HOLDING #BITCOIN WORTH MILLIONS OF DOLLARS . pic.twitter.com/LDIn7VEpf4

— BITCOINLFG® (@bitcoinlfgo) February 11, 2024

Bitcoin News: BTC price above $48,000

At the time of writing, the price of Bitcoin (BTC) is $48,260, which represents the highest price of the past year.

And indeed, the current bull market sees the price pump of Bitcoin at +121% in the last year, and +5% in the last month. Not only that, BTC is experiencing a pump of +13% in the last seven days.

A moment of total green for the queen of crypto, which sees its total market cap approaching one trillion dollars. And indeed, Bitcoin’s market cap is currently 946 billion dollars.

The last time Bitcoin surpassed $48,000 was in March 2022, immediately triggering the “crypto winter”.

MrBeast and Bitcoin in the bio on X

Just as he made his $1.5 million investment in Bitcoin in February 2021, MrBeast had also included Bitcoin in his bio on his Twitter profile, like Elon Musk.

It was a simple bitcoin hashtag that the YouTuber had exposed to his over 9 million followers on Twitter at that time.

As of today, MrBeast’s followers on X have increased, reaching 28.6 million, but there is no trace of the bitcoin hashtag in the profile.

Anyway, MrBreast’s “Elon Musk-style” move has been replaced by a pinned tweet from the YouTuber, which shows a conversation between him and the owner of X.

No takesies backsies pic.twitter.com/vtjWx40m9i

— MrBeast (@MrBeast) May 9, 2022
en.cryptonomist.ch