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There was a time when getting paid in Bitcoin was a revolutionary concept. Today, however, more and more people — and places — are accepting both Bitcoin and other forms of cryptocurrency, leading experts to believe that this once-innovative (and controversial) method of payment would become just as common as the USD, the EUR, and the GBP. CNBC reports that the first-ever Bitcoin was mined on January 3, 2009. And though the outlet reports that the market is extremely volatile — and the cryptocurrency is subject to bans from China, periodically — even the wealthiest of the wealthy want to be paid in Bitcoin. In 2021, Morgan Stanley made the coveted crypto-coin available to its wealthy investors for the first time in history. Naturally, this also means celebrities, themselves, want to be paid in Bitcoin. Whether they’re in hip-hop, pop, or playing on the basketball court, celebrities love them some cryptocurrency — and who can blame them? Even in the most volatile of markets, Bitcoin...
On Nov. 11, 2021, Meek Mill took to his Instagram story to manifest that he would follow in fellow rapper Money Man’s footsteps — and he sparked a larger conversation. “Ima get my next record deal paid in bitcoin [ sic ] behind @moneyman,” he previously wrote in his story, per Vibe. Then in February 2022, Meek once again took to social media to ask for advice about crypto investing — and the “Dreams and Nightmares” rapper got some sage advice from Money Man himself, who tempered the excitement of the buy with the reality of the risk. View this post on Instagram A post shared by 2Cool2Blog (@2cool2bl0g) “You were suppose to stabilize your crypto a month or 2 ago before the 50 percent dip and buy back in close to the bottom,” wrote Money Man on Twitter. “Always take profits in crypto on some of these coins because trust me the big dawgs are taking there’s. Being greedy and thinking everything will moon. Can get you REKT.” Indeed, Money Man’s sage advice belies the volatile nature of...
Meek Mill is seeking to become one of the latest musicians to bank on Bitcoin. As more music distributors are offering artists payment in cryptocurrency, the rapper wants to join in after claims of poor business dealings with his label, Atlantic Records through Maybach Music Group. Meek Mill aims to follow in the footsteps of Atlanta rapper Money Man, who announced he’ll be receiving his album advance — $1,002,912 or $68,000 per digital token —in Bitcoin through Cash App for his next record deal, Vibe reports. “Ima get my next record deal paid in bit coin behind @moneyman,” Meek shared on his Instagram Story. Money Man’s decision for his album advance is backed by EMPIRE — his music distributor. On Nov.9, EMPIRE announced that they are offering their artists the option to receive their advances through Bitcoin — making Money Man the first artist to be paid their advance entirely in Bitcoin by a record label. https://www.instagram.com/tv/CWEgJOQF6tj/?utm_source=ig_web_copy_link The...