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This Is How Much His Stash Would Be Worth Today

Grammy-Nominated Rapper Logic Invested $6M In Bitcoin Nearly 4 Years Ago: This Is How Much His Stash Would Be Worth Today

Grammy-nominated rap star Robert Bryson Hall II, known professionally as Logic, belongs to a niche list of music celebrities with significant investments in Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency.

What happened: Way back in November 2020, the rapper, known for the chartbuster song “1-800-273-8255,” disclosed on

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that he purchased $6 million worth of the cryptocurrency.

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“My $6 million in Bitcoin last month. F*** it. YOLO. Seriously,” Logic said in a video posted on his

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story.

The revelation followed an earlier X (then

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) post where he wrote, “My manager Chris Zarou has been bugging me, so I finally made a big investment in Bitcoin.”

Trending: The global games market is projected to generate $272B by the end of the year —

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When Logic made the disclosure, one BTC was valued at $17,817.09. So, an investment of $6 million would have fetched him about 336.75 units of the cryptocurrency.

Today, one BTC is worth $60,228.31, meaning that Logic’s stash would be equivalent to $20.282 million, marking a significant 238% return on investment.

Note that this calculation assumes that Logic didn’t sell his Bitcoin holdings. Information about the same is not publicly available as of this writing.

See Also: This

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-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L’Oréal, Hasbro, and Sweetgreen in just three years –
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Why It Matters: Logic isn’t the only music artist to have boarded the Bitcoin bandwagon.

Grammy Award-winning rapper 50 Cent was one of the first celebrities

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“Animal Ambition” 10 years ago. He collected as many as 700 Bitcoins.

Story continues

Eminem, another rap legend,

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“Not Alike” from the best-selling album “Kamikaze.”

Nas, regarded as one of the greatest rappers of all time, placed a bet on Bitcoin as early as 2014,

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.

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



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