Rapper Basta Rhymes bought bitcoin after conference with Ilon Musk

Rapper Basta Rhymes bought bitcoin after conference with Ilon Musk

American rapper Trevor George Smith Jr, better known as Busta Rhymes, has invested in his first cryptocurrency. He said he was inspired to do so by The B Word conference with Ilon Musk, Jack Dorsey and Katie Wood.

"Officially holding bitcoin. Next, I'm looking at ETH," the performer wrote.

On 14 July, Basta Rimes asked subscribers if there were any who were into cryptocurrency.

Anyone here into #crypto? How ya’ll feeling about?

The rapper later reacted to a tweet from boxer Mike Tyson, who was advised by MicroStrategy head Michael Saylor on bitcoin. Busta Rhymes also thanked Jack Dorsey for the link to an educational website about digital gold.

According to The B Word's official website, the conference aims to explain "how institutions can start accepting bitcoin and how we can all support the network".

During the event, Ilon Musk revealed that he owns the first cryptocurrency, Ethereum and Dogecoin. According to him, the space company SpaceX has invested in bitcoin.

Recall that in June, actor Neil Patrick Harris revealed his investment in digital gold and called cryptocurrencies "the future of shopping, investing and business".

Rapper Basta Rhymes bought bitcoin after conference with Ilon Musk

Another reason why is Bitcoin Cash so low is because of the poor working conditions of its miners. The economic throughput in the Bitcoin Cash network is at an all-time low. With the hash rate dropping by 3% since bitcoin halving, Bitcoin Cash miners receive only 0.05% of revenues from transaction fees.

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