Popular YouTuber MrBeast has said he holds most of his crypto bag in Bitcoin. Jimmy Donaldson, popularly referred to as MrBeast, is famous on YouTube for pulling very expensive stunts. Stunts like giving individuals $1 million to spend in one minute are not out of the norm for that YouTuber. MrBeast boasts a large following of over 60 million subscribers. With his movies getting billions of views.
Also a businessman plus philanthropist, the YouTuber provides invested in crypto. According to their recent reveal, it turns out the fact that businessman actually has significant holdings in bitcoin. The particular 23-year-old has invested in a variety of products across the crypto area. Besides bitcoin, MrBeast has also invested in NFTs. The Youtube . com star revealed that he acquired bought the famous CryptoPunks NFTs. Which he had then sold and put the proceeds into Gray Vaynerchuk’s VeeFriends.
Related Reading | Institutional Inflows Into Bitcoin Sees Significant Increase After 8-Week Dry Spell
Talking to fellow YouTuber Logan Paul, MrBeast revealed that he had made 20-30x from the sale of the CryptoPunks. During the interview on Paul’s podcast Impaulsive, MrBeast said he had first gotten in to the project when Vaynerchuk experienced first mentioned it to him during a call in February. Paul confirmed he previously also invested in the project, which he had been vocal about on his Twitter. Alongside their particular other friends who were present on the call with Vaynerchuk.
Bitcoin Along with other Crypto Investments
MrBeast has been prominent within the crypto space like a lot of other famous YouTubers are already. Although reluctant to talk about the value of his investments, MrBeast verified that he had put $1. 5 million into bitcoin. Paul made mention of this particular referencing a phone that he had with MrBeast in which he told Paul he had produced this investment. With MrBeast confirming this.
Bitcoin price trailing $47K | Source: BTCUSD on TradingView. com
MrBeast also revealed during the interview that he had invested in 8 CryptoPunks NFTs earlier within the year, which he no longer holds. A number which he previously not wanted to reveal, before doubling back and giving the precise figure. The YouTuber although did not move in his resolve to not disclose how much they were sold for.
Being a vocal voice in the crypto space has also landed the famous YouTuber some significant partnerships and investments. Previously in May, MrBeast had invested in XCAD, a marketplace that enabled one-click creation of NFTs. These were meant to be utilized by content creators to monetize their content.
Related Reading through | Digital Scarcity: How Ethereum is Beating Bitcoin With Its Own Game
MrBeast furthermore partnered with Coinbase. The partnership that saw users who used his code get $10 in bitcoin on the exchange. But most prominent has been the YouTube star’s involvement with Refinable. A subsequent crash in the associated with the project led fans to accuse the YouTuber of pushing a pump-and-dump scheme on them. Leading these to lose their money in the process. MrBeast has so far not commented on any of these accusations.
Featured picture from Dreamstime. com, graph from TradingView. com