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Actress Gwyneth Paltrow Gives Away $550K in BTC for the Holidays – Featured Bitcoin News

Hollywood actress Gwyneth Paltrow is gifting away $500,000 in bitcoin for the holidays. The winners are chosen at random and given bitcoin in “$20 increments and $100 increments.” She defined: “I wanted to do it to get women — my followers specifically, and Marvel fans — feeling excited” about bitcoin to allow them to “play around with it” and “trade it.”

Gwyneth Paltrow Gives Away Bitcoin

Actress and entrepreneur Gwyneth Paltrow introduced Monday that she is gifting away $500,000 in bitcoin for the holidays through Cash App, a cell fee service developed by Block Inc., previously Square Inc.

“I’m giving out $500K worth of bitcoin for the holidays,” she tweeted. Paltrow defined that “Buying crypto has often felt exclusionary,” noting that Cash App “is now making it easy to gift bitcoin … in order to democratize who can participate.”

Bitcoin Giveaway: Actress Gwyneth Paltrow Gives Away $550K in BTC for the Holidays

At the time of writing, plenty of individuals have tweeted thanking Paltrow for sending them BTC.

The actress defined in an interview with Elle journal Monday how her followers can take part in the giveaway:

I’ll publish, after which my followers will publish in the feedback, after which winners can be chosen at random, given $20 increments and $100 increments.

She added: “I wanted to do it to get women — my followers specifically, and Marvel fans — feeling excited” about bitcoin to allow them to “play around with it” and “trade it.”

Paltrow lately participated in an funding spherical involving the bitcoin mining operation Terawulf. In 2017, she turned an advisor to Abra.

Payments agency Block launched a gifting characteristic final week. “With Cash App, you can now send as little as $1 in stock or bitcoin. It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it. So this holiday season, forget the scented candles or novelty beach towel, and help your cousin start investing,” the official Cash App Twitter account wrote.

A rising variety of celebrities are gifting away bitcoin. In November, U.S. soccer star Odell Beckham Jr. gave away $1 million in BTC through Cash App after he introduced that he’ll take his new wage in the cryptocurrency.

In the similar month, American soccer quarterback for the Green Bay Packers, Aaron Rodgers, gave away $1 million in bitcoin. In December final 12 months, rapper and hip hop artist Megan Thee Stallion gave away $1 million in BTC.

Some celebrities accomplice with cryptocurrency exchanges to present away a small quantity of bitcoin to get their followers began buying and selling cryptocurrencies. For instance, award-winning artist Mariah Carey gave her followers $20 in free bitcoin in October for signing up with crypto alternate Gemini. can also be gifting away $25,000 in money prizes between now and the finish of the 12 months.

What do you consider Gwyneth Paltrow gifting away bitcoin for the holidays? Let us know in the feedback part under.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.

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