November 30, 2020

Rapper Logic invested $ 6 million in BTC

Rapper Logic invested $ 6 million in BTC

Depending on the timing of the acquisition of bitcoin, Logic has already raised up to $ 3 million.

Shortly after Game of Thrones star Maisie Williams tweeted about Bitcoin, rapper Logic talked about his investment in cryptocurrency.

Logic, whose real name is Sir Robert Bryson Hall II, posted a video on his Instagram boasting that he "invested $ 6 million in bitcoin last month."

Considering that over the past month, the price of bitcoin has increased by several thousand, his investment turned out to be extremely successful.

In a worst-case scenario, if “last month” meansOn October 31, for his $ 6 million, he could buy 433 BTC for about $ 13,850. Already today, 433 bitcoins cost $ 7,926,500, which means that the rapper's profit was $ 2 million.

However, the phrase “last month” is unlikely to refer to its very last day.

If Logic bought bitcoins exactly one month ago, the price was around $ 11,760. These hypothetical 510 BTC are worth $ 9.3 million today - a profit of about $ 3.3 million.

In case he invested in early October, then he bought about 570 BTC at about $ 10,550.

Today 570 bitcoins are worth $ 10.4 million, and Syrah Robert's profit would have been $ 4.4 million, or 75% of the initial investment.

The rapper has already changed his Twitter nickname to Bobby Bitcoin.

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According to the materials cointelegraph.com