Celebrities Who Lost Big on Bitcoin230

Bitcoin, the world's largest cryptocurrency, has been a wild ride for investors over the past decade. While some have made fortunes, others have lost big. Here are a few celebrities who have been unlucky in their bitcoin investments:

Ashton Kutcher

Ashton Kutcher was an early investor in bitcoin, buying $1 million worth of the cryptocurrency in 2013. However, he sold his bitcoin in 2018, when the price had crashed to around $3,000. He has since said that he regrets selling his bitcoin, as it has since rebounded to over $50,000.

50 Cent

Rapper 50 Cent was another early bitcoin adopter, buying $10 million worth of the cryptocurrency in 2014. However, he also sold his bitcoin in 2018, when the price had crashed. He has since said that he wishes he had held onto his bitcoin, as it would now be worth over $500 million.

Floyd Mayweather

Boxing legend Floyd Mayweather has also lost big on bitcoin. In 2017, he promoted an initial coin offering (ICO) for a cryptocurrency called Centra. The ICO raised over $30 million, but the project was later found to be a scam. Mayweather settled with the SEC for $600,000 and was ordered to disgorge his profits from the ICO.

DJ Khaled

DJ Khaled is another celebrity who has lost big on bitcoin. In 2018, he promoted an ICO for a cryptocurrency called Centra. The ICO raised over $30 million, but the project was later found to be a scam. Khaled settled with the SEC for $150,000 and was ordered to disgorge his profits from the ICO.

Kevin O'Leary

Kevin O'Leary, the "Mr. Wonderful" of Shark Tank, has also lost big on bitcoin. In 2019, he said that he had lost all of his bitcoin investment. He has since said that he regrets investing in bitcoin, and that he believes it is a "scam."

Conclusion

These are just a few of the celebrities who have lost big on bitcoin. It is important to remember that investing in cryptocurrency is a risky proposition, and that you should only invest what you can afford to lose. If you are considering investing in bitcoin, do your research and only invest with reputable companies.

2025-02-01

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