NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Famous Rapper Logic Just Made a “Big Investment” In Bitcoin

Nick Chong
Nick Chong
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin trended on Twitter this past week as its price shot higher in the biggest move in months. In the span of a day, the price of BTC rallied by approximately $2,000, shocking most investors.

The move garnered so much attention that famous celebrities began to discuss the cryptocurrency once again. One such celebrity was Sir Robert Bryson Hall II, also known as Logic. Logic is a now-retired rapper and content creator whose records have topped the charts on many occasions. His net worth is estimated to be $15 million.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Bitcoin Just Got Another Celebrity Backer

Logic tweeted on November 6th, a day after the $2,000 move higher, that his manager Chris Zarou convinced him to buy Bitcoin. Zarou is the chief executive of Visionary Music Group, the label for Logic, along with a number of other artists such as Jeremy Zucker.

“My manager @ChrisZarou has been bugging me so I finally made a big investment in #Bitcoin.”

My manager @ChrisZarou has been bugging me so I finally made a big investment in #Bitcoin

— Rappy Gilmore (@Logic301) November 6, 2020

Days prior to Logic announcing his support for Bitcoin. Zarou tweeted that he is “irresponsibly long” on Bitcoin.

Irresponsibly long is the term phrased by Raoul Pal, CEO of Real Vision and a retired hedge fund manager. Pal has over 60% of his liquid net worth in either Bitcoin or Ethereum, citing how he expects macroeconomic trends to send the cryptocurrency much higher than it is today.

Pal said that the price of Bitcoin could hit $1,000,000 in this market cycle due to institutional interest. He says that central banks and large corporations may soon own BTC to hedge their portfolios against inflationary risks.

Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

Public Interest Not Yet On the Rise

While Logic and other celebrities such as TikTok star Bryce Hall are buying Bitcoin, public interest is not yet on the rise as per Google Trends.

Google Trends shows that the search interest in the term “Bitcoin” and other crypto-related terms are still at multi-year lows.

Many see this as a sign that it is largely institutional players and those in the know like Logic that are driving the rally. This is made clear by institutional investment numbers reported by Grayscale, Stone Ridge Asset Management, and other fund managers and institutions dabbling in the space.

Analysts hope that once retail investors begin to enter the market, then the true market will begin. Retail investors are believed to be what drove the previous Bitcoin rally from the thousands of dollars range toward $20,000.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Famous Rapper Logic Just Made a "Big Investment" In Bitcoin
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

WLFI

WLFI Token Begins Trading: Insights Into The Trump-Backed Crypto

World Liberty Financial, a decentralized finance (DeFi) platform supported by President Donald Trump, has officially launched its native token WLFI....

Ronaldo Marquez 2 hours ago
gouvernement-americain-publie-donnees-pib-blockchain-bitcoin

Le gouvernement américain publie ses données de PIB sur la blockchain Bitcoin

Août 2025 restera comme une date à part. Pour la première fois, le gouvernement des États-Unis a choisi de graver...

guillaumev 4 hours ago
Dogecoin

Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First?

New technical analysis suggests that the Dogecoin price is teetering at a pivotal point that could dictate its trajectory for...

Scott Matherson 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Delta Cap And Coinbase Premium Gap Signal Resilient Market Structure – Details

Ash Tiwari 22 minutes ago

SPX6900價格上漲3% 僅剩2天可抄底TOKEN6900搶佔10倍Launch收益

estherw 22 minutes ago
Bitcoin

Bitcoin HODLers Spend 97,000 BTC—Biggest Move This Year

Keshav Verma 1 hour ago

Premium Sponsors

Press Releases

  • LinkLogis Partners with XRP Ledger: DOT Miners Create Up to...

    2 hours ago
  • Arthur Hayes 3 altcoint fedez fel 100-szorosra 2028-ra

    Arthur Hayes 3 altcoint fedez fel 100-szorosra 2028-ra

    4 hours ago
  • Następny Meme Coin 100x w przedsprzedaży? PEPENODE może przyćmić Pepe w 2025 roku

    Następny Meme Coin 100x w przedsprzedaży? PEPENODE może...

    4 hours ago
  • Arthur Hayes odhaluje 3 altcoiny na 100× do roku 2028

    4 hours ago
  • Предварителна продажба на следващия 100× мемкойн? PEPENODE може да засенчи Pepe през 2025 г.

    Предварителна продажба на...

    5 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.