Highlights:
- Bitcoin is drawing mainstream attention after rallying from $4,000 to $40,000 in less than a year
- We explain how to buy bitcoin and how to get in on the hype without buying it directly
Last November, Megan Thee Stallion gave her fans one of the most acclaimed hip-hop albums of 2020. One month later, she offered them $1m in bitcoin. The 25-year-old Texan rapper tweeted saying she would send units of the digital currency to those who responded with their username on Cash App, a payment app that allows you to trade bitcoin. “Bitcoin is a really smart investment and increases over time,” she added.
The tweet – which has received as many as 10,000 replies – made Megan Thee Stallion the latest in a growing number of celebrities to get behind the cryptocurrency. Fans who followed her ‘advice’ have been getting richer. The day she sent her tweet in December, a single bitcoin was worth more than $20,000, after trading as low as $3,867 at one point in March. This month, it reached almost $42,000, although it has since fallen about a fifth from…
