Reese Witherspoon Invests in Ethereum, Paris Hilton Says She Loves Bitcoin

Witherspoon didn't disclose the amount she invested in Bitcoin.

By Edited by Gadgets 360 Newsdesk | Updated: 4 September 2021 16:25 IST

Reese Witherspoon Invests in Ethereum, Paris Hilton Says She Loves Bitcoin

Photo Credit: Facebook/ Reese Witherspoon/ Paris Hilton

Reese Witherspoon (L) and Paris Hilton are the latest celebrities to show support for crypto

Highlights

Witherspoon said she bought her first ETH
Paris Hilton shared a tweet by Michael Saylor
Cryptocurrency prices are now recovering from May's market crash

Cryptocurrency has garnered the attention of entrepreneurs and celebrities alike. Oscar-winning actress Reese Witherspoon said recently that she has bought her first Ethereum coin. This was followed by yet another celebrity, the socialite-entrepreneur Paris Hilton, who shared her love for Bitcoin on Twitter. Ethereum and Bitcoin are the two top cryptocurrencies in terms of market capitalisation.

Witherspoon, however, did not disclose the amount she invested in Ethereum. As of September 4 (3:50pm IST), Ether price in India stood at Rs. 2.99 lakhs.

Just bought my first ETH! Let's do this #cryptotwitter
— Reese Witherspoon (@ReeseW) September 2, 2021

Announcing her “love” for Bitcoin, Hilton shared a tweet by Michael Saylor, the largest corporate backer of the cryptocurrency. Saylor's post read, “Diamonds may be your best friend, but Bitcoin is forever.” As of September 4 (3:50pm IST), Bitcoin price in India stood at Rs. 38.23 lakhs.

Loves it #Bitcoin???????? https://t.co/qST5nhFWpx
— Paris Hilton (@ParisHilton) September 3, 2021

The tweets have arrived as cryptocurrency prices leave behind the market crash it suffered in May, when most digital coins lost a huge chunk of their value, and appeared poised to rally again. Some coins are already showing signs of their determination. According to CoinMarketCap, Bitcoin was trading above $50,000 (roughly Rs. 37 lakhs) on September 4, a gain of nearly $12,000 (roughly Rs. 9 lakhs) from a month ago. Similarly, Ethereum has gained more than $1,400 (roughly Rs. 1 lakh) since August 5.

Many people welcomed the two celebrities into the crypto world. Among them was YouTuber Logan Paul, who offered Witherspoon an NFT from the World of Women collection.

welcome to the club Reese ???????? DM me your Eth address, I'd love to gift you this @WorldOfWomenNFT because y'all could be related. And it'd be badass for your first NFT project pic.twitter.com/epA0EZQdXG
— Logan Paul (@LoganPaul) September 3, 2021

Hilton has for some time highlighted her support for Bitcoin. She had previously welcomed NFL legend Tom Brady “to the team” after he changed his profile picture to include laser eyes. The laser eyes mean that the person donning the look is 'laser-focussed' on seeing Bitcoin price reach the $100,000 (roughly Rs. 73 lakhs) mark.

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Welcome to the Team! #Bitcoin https://t.co/VS2yuEQzZq
— Paris Hilton (@ParisHilton) May 11, 2021

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Reese Witherspoon, Paris Hilton, Cryptocurrency, Bitcoin, Bitcoin Price, Bitcoin Price in India, Ethereum, Ether Price, Ether Price in India