Grammy-nominated rapper Logic invested $6 million in Bitcoin nearly four years ago: This is the current value of his stash
Grammy-nominated rap star Robert Bryson Hall II, known professionally as Logic, has invested heavily in Bitcoin (CRYPTO:BTC), the world’s largest cryptocurrency. belongs to the list of niche music celebrities.
What Happened: Back in November 2020, the rapper known for his chartbuster song “1-800-273-8255” revealed on Instagram that he had purchased $6 million worth of cryptocurrencies.
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“$6 million in Bitcoin last month. Damn it. Yolo. Seriously,” Rogic said in a video posted to his Instagram Story.
This revelation followed an earlier post in which X (then on Twitter) wrote, “My manager Chris Zarrow has been giving me so much trouble that I finally invested heavily in Bitcoin.”
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At the time of Logic’s disclosure, the value of 1 BTC was $17,817.09. In other words, with an investment of $6 million, you received approximately 336.75 units of cryptocurrency.
Currently, 1 BTC is worth $60,228.31, and Logic’s stash is worth $20,282,000, marking a significant return on investment of 238%.
Note that this calculation assumes that Logic did not sell his Bitcoin holdings. As of this writing, no information regarding this has been published.
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Why it matters: Logic isn’t the only music artist to jump on the Bitcoin bandwagon.
Grammy Award-winning rapper 50 Cent was one of the first celebrities to accept Vertex cryptocurrency as payment for his album “Animal Ambition” a decade ago. He also collected 700 Bitcoins.
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Another rap legend, Eminem, mentioned Bitcoin in his popular song “Not Alike” from his best-selling album “Kamikaze.”
Considered one of the greatest rappers of all time, Nas made a bet on Bitcoin in 2014, predicting that his wealth would be bigger than the internet.
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In this article, Grammy-nominated rapper Logic invested $6 million in Bitcoin almost four years ago: Here’s what his stash is worth today.
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