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Actress Gwyneth Paltrow is giving away $ 550,000 in BTC for the holidays – – Crypto News

Hollywood actress Gwyneth Paltrow is giving away $ 500,000 bitcoin for the holidays. The winners will be selected at random and will receive Bitcoin in “$ 20 increments and $ 100 increments”. She stated, “I wanted to do it to get women – especially my followers and Marvel fans – to become excited about Bitcoin so that they could” play around “with it and” trade “it.

Gwyneth Paltrow is giving away Bitcoin

Actress and entrepreneur Gwyneth Paltrow announced Monday that she was using Cash App, one of Block Inc., formerly Square Inc.

“I’m spending $ 500,000 worth of Bitcoin for the holidays,” she tweeted. Paltrow stated that “buying crypto has often felt exclusive,” noting that Cash App “is now making it easy to give away Bitcoin … to democratize who can participate”.

At the time of writing, some people have tweeted thanking Paltrow for sending it BTC.

In an interview with Elle magazine on Monday, the actress explained how her fans can take part in the competition:

I’ll post, and then my followers will post in the comments, and then the winners will be chosen at random, giving $ 20 steps and $ 100 steps.

She added, “I wanted to do it to get women – especially my followers and Marvel fans – to get excited about Bitcoin so they could” play around “with it and” trade “it.

Paltrow recently took part in an investment round with the Bitcoin mining company Terawulf. In 2017 she became a advisor to Abra.

Payment company Block launched a gift feature last week. “With the Cash App, you can send in shares or Bitcoin from as little as USD 1. It’s as simple as sending cash, and you don’t have to own stocks or bitcoins to give it away. So forget the scented candles or the new beach towel this Christmas season and help your cousin invest, ”wrote the official Twitter account of the Cash App.

More and more celebrities are giving away Bitcoin. In November, American football star Odell Beckham Jr. gave away $ 1 million BTC via Cash App after announcing that he would be drawing his new salary in the cryptocurrency.

That same month, American football quarterback for the Green Bay Packers, Aaron Rodgers, gave away a million dollars in bitcoin. Last December, rapper and hip-hop artist Megan Thee stallion gave away $ 1 million BTC.

Some celebrities partner with cryptocurrency exchanges to give away a small amount of bitcoin to get their fans to trade cryptocurrencies. For example, award-winning artist Mariah Carey gave her fans $ 20 in free Bitcoin in October to sign up for the Gemini crypto exchange. is too give away $ 25,000 in cash by the end of the year.

What do you think of Gwyneth Paltrow giving away Bitcoin for the holidays? Let us know in the comment section below.

Actress Gwyneth Paltrow is giving away $ 550,000 in BTC for the holidays – – Crypto News, Crypto Trading News

Kevin Helms

Kevin, a student of Austrian economics, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

Photo credits: Shutterstock, Pixabay, Wiki Commons

Source: Crypto News Austria

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