Bitcoin just found itself another celebrity endorsement. Hollywood star and investor Ashton Kutcher endorsed the digital currency this week on Quora, a question-and-answer website frequented by people of all walks of life.
Kutcher responded to the interesting question: “What are some smart ways I can put $25 to work for me?” in which he, among other things, suggested the poster buy bitcoin.
[blockquote style=”2″]I would deploy a barbell strategy. Go to stockpile.com and buy fractional shares in blue chip stocks. Then buy bitcoin. Do this every other week for four weeks and on the fifth week buy a beer for someone you admire or gift someone either some bitcoin or fractional shares of stock. I’m a firm believer that generosity has a multiplying effect. Happiness, freedom, peace, and financial security are only sustained by sharing them with others.[/blockquote]
This isn’t the first time Kutcher has expressed interest in bitcoin. At the TechCrunch Disrupt conference that took place in mid-2013, Kutcher said bitcoin is “obviously becoming more and more relevant.”
Further, Kutcher’s A-Grade Investments venture capitalism fund has invested in Atlanta-based BitPay, a leading bitcoin payments processor.
So you could say it’s no surprise here that he’s recommending people buy into this digital currency, which has seen exponential growth in the last one and a half years.
Over the past several months, bitcoin has attracted the attention of many notable entities in the tech sector — particularly those who invest. Just ask Marc Andreessen, who suggests that in twenty years, we’ll be talking about bitcoin like we do about the internet today.
A soar in price first in April 2013 and later in November 2013 put the digital currency in a position where investors have actually been able to look into it seriously and making the determination that this is worth putting money into.
What do you think? Is Kutcher’s strategy one worth taking seriously?