Bitcoin Nearing ATH And Bollywood Endorses Crypto Ahead Of Diwali’s Gold Shopping Spree
Last Updated on 16 October 2021 by CryptoTips.eu
Bitcoin is trading around $62,000 on Saturday, just shy of its all time high of $64,000 which it set in April of this year. Analysts claim that the possibility of a Bitcoin ETF (Exchange Traded Fund) being launched in the US is the root cause.
Several altcoins are also showing impressive gains this morning. Meanwhile, gold buying Indians might be tempted to try and purchase Bitcoin for their families next month thanks to Bollywood.
Celebrity Endorsements
According to popular measurement statistics, one thing that still works on social media are celebrity endorsements. In fact, some 45% of crypto investors declared that they would be ready to invest in a coin based on which celebrity endorses it.
Because of this, an ever growing group of celebrities have made the case for digital coins in the US. Major football star Tom Brady and his wife, supermodel Gisele Bundchen have a stake in FTX. Paris Hilton, Kim Kardashian and Snoop Dogg have also endorsed various crypto coins in the past.
Festival of lights
In India, where gold investment skyrockets during the Diwali Festival (also known as the festival of lights), the cryptosphere is now turning to Bollywood and it’s celebrities to endorse investment in digital coins instead.
Keh Diya na.. Bas Keh Diya.😎
— CoinDCX: Making Crypto Accessible to Indians (@CoinDCX) October 4, 2021
We’re honoured to have @SrBachchan Sir as CoinDCX’s official Brand Ambassador.#CoinDCX #BigB #TryCrypto pic.twitter.com/bDDp600RCG
Amitabh Bachchan, possibly the most famous Indian actor of all time, is now seen promoting cryptocurrencies as a superior and easy investment ahead of Dhanteras, the most auspicious day in the Hindu calendar to buy gold or start new ventures. According to Hindu scripture, Dhanteras, the first day of the Diwali festival, is dedicated to cleaning homes and purchasing small items of gold.
Crypto bole toh CoinSwitch!
— Ranveer Singh (@RanveerOfficial) October 8, 2021
India ke sabse bade crypto app par lag jaa na, chhote!
Download @CoinSwitchKuber & start your crypto journey with just Rs. 100. #KuchTohBadlega #RanveerXCoinSwitch pic.twitter.com/UARczFV8Za
Cryptocurrency exchanges like Bangalore-based CoinSwitch Kuber and CoinDCX are now promoting Bitcoin as another investment option this year to rival gold.
Even Ranveer Singh, a younger star of some of the country’s biggest blockbusters of the past decade, explained just how simple crypto trading can be in a viral commercial.
Violka08 / Depositphotos.com