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.

Subscribe to ForkNews on Telegram to be the first to know the news from the world of cryptocurrencies

According to the materials