Grammy-Nominated Rapper Logic Invested $6M In Bitcoin Nearly 4 Years Ago: This Is How
Much His Stash Would Be Worth Today
Grammy-nominated rap star Robert Bryson Hall II, known professionally as Logic, belongs to a niche list
of music celebrities with significant investments in Bitcoin (CRYPTO: BTC), the world's largest
cryptocurrency. What happened: Way back in November 2020, the rapper, known for the chartbuster song
"1-800-273-8255," disclosed on Instagram that he purchased $6 million worth of the cryptocurrency. Don't
Miss: 1 in 4 Americans own a share of Bitcoin according to NASDAQ, how many people got started through
this free crypto faucet?A billion-dollar investment strategy with minimums as low as $10 — you can
become part of the next big real estate boom today. "My $6 million in Bitcoin last month. F*** it. YOLO.
Seriously," Logic said in a video posted on his Instagram story. The revelation followed an earlier X
(then Twitter) post where he wrote, "My manager Chris Zarou has been bugging me, so I finally made a big
investment in Bitcoin." Trending: The global games market is projected to generate $272B by the end of
the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to
this asset market. When Logic made the disclosure, one BTC was valued at $17,817.09. So, an investment
of $6 million would have fetched him about 336.75 units of the cryptocurrency. Today, one BTC is worth
$60,228.31, meaning that Logic's stash would be equivalent to $20.282 million, marking a significant
238% return on investment. Note that this calculation assumes that Logic didn't sell his Bitcoin
holdings. Information about the same is not publicly available as of this writing. See Also: This
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$1,000 for only $0.50/share today. Why It Matters: Logic isn't the only music artist to have boarded the
Bitcoin bandwagon. Grammy Award-winning rapper 50 Cent was one of the first celebrities to accept the
apex cryptocurrency as payment for his album “Animal Ambition” 10 years ago. He collected as many as 700
Bitcoins. Eminem, another rap legend, mentioned Bitcoin in the popular track “Not Alike” from the
best-selling album “Kamikaze.” Nas, regarded as one of the greatest rappers of all time, placed a bet on
Bitcoin as early as 2014, predicting that the asset would grow bigger than the internet. Read Next:
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stock analysis from Benzinga? This article Grammy-Nominated Rapper Logic Invested $6M In Bitcoin Nearly
4 Years Ago: This Is How Much His Stash Would Be Worth Today originally appeared on Benzinga.com © 2024
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