In a recent tweet, American Internet personality and professional poker player, Dan Bilzerian shared [it’s] “Time to get back in crypto”. He appears to have had an interest in the market for some time with a prior announcement (November 2017) sharing his distribution of currencies in his portfolio.
“For everyone asking, I have 50% Bitcoin, 25% ETH, 15% Monero and 10% Bitcoin Cash,”.
Time to get back in crypto
— Dan Bilzerian (@DanBilzerian) April 23, 2018
Having a diversified portfolio of cryptocurrencies is a form of risk reduction of your digital assets. Allocating a higher proportion of your investment capital to coins that you have a good grip on their underlying technology and potential applications further mitigates risk.
Dan Bilzerian appears confident in the long-term growth of bitcoin, as back in May 2017 he was in the gym and shared,
“I bought a sh**load of Bitcoin today,”.
With a larger adoption of cryptocurrencies with investments from banks like Santander and other corporations such as Mastercard, bitcoin, and other currencies have the potential for exponential growth.
Even at this time when some people believe that the crypto boat has long left the dock, with the opportunity to invest in the technology having passed, Bilzerian believes he can still make money on it.
Dan Bilzerian isn’t the only bitcoin bull
Cryptocurrencies seem to have captivated the attention of many celebrities and big names.
The poker community, in particular, has shown interest, with many players owning a portfolio of coin. Doug Polk is a well-known name in the poker world who has been following bitcoin for a few years. He recently launched his site CoinCentral and posts youtube content with crypto topics.
Nas is another early adopter of bitcoin after investing in bitcoin wallet Coinbase in early 2014. Shortly after he claimed that bitcoin could be “as big, if not bigger, than the Internet.”. He also awarded bitcoins for high scores in his Nas trivia contest.
50 Cent profited massively from the bitcoin gains of 2017. Trying to stay up-to-date with new payment methods he accepted bitcoin for his 2014 album release Animal Ambition. After forgetting about his holdings his 700 bitcoins inflated. With bitcoins current value they would be worth around USD 6,553,834.
Cryptocurrencies were and have been a topic of conversation for some time. In November 2017 as bitcoins price rise drew mainstream attention, Katy Perry shared that she obtained advice from Warren Buffett on the market. She later posted on Instagram, a picture of her nails decorated with the logos of five cryptocurrencies.