Doggone Missed Opportunity: What If You’d Invested $1K In Bitcoin When Snoop Tweeted In 2013? Here’s What You Would Have Made
Forum TalkCommunity Forum / Forum Talk 2 months ago 45 Views 0 comments
Snoop Dogg, known for being a hip-hop veteran and for becoming America’s favorite pitchman, has also made waves in the cryptocurrency industry. He’s been known to tweeting about digital assets as well as drop NFTs for sale. In 2013, when he tweeted that he would accept bitcoin for an upcoming album.
BEVERLY HILLS, CALIFORNIA – MAY 03: Snoop Dogg attends the 2023 Milken Institute Global Conference at The Beverly Hilton on May 03, 2023 in Beverly Hills, California. (Photo by Jerod Harris/Getty Images)
That Tweet
On December 1, 2013, Snoop Dogg tweeted that his fans could purchase his next album with bitcoin and it would delivered by drone. The tweet went viral, and crypto companies such as BitPay and Coinbase offered to help make the deal happen. While the idea never materialized, the tweet remains a “what if?” in the bitcoin space.
Although it was a no-go, Bitcoin has gone through ups and downs. Say you had invested $1,000 in bitcoin when Snoop made that tweet.
When Snoop made that post, bitcoin was trading at $1,147.25 per coin. An $1,000 investment would have bought about 0.8716 bitcoin. Fast-forward to today, with bitcoin trading at $66,578.88 as of this writing, that...
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