As a sign that Bitcoin and crypto-money are attracting a growing audience, the American rapper LL Cool J is going to invest in a crypto-money venture capital fund.
The rapper, whose real name is James Todd Smith, is not the only person to invest in this crypto venture capital fund, the billionaire and hedge fund manager Paul Tudor Jones is also among the investors.
Paul Tudor Jones was one of the first to publicly declare that he had bought Bitcoin and to recommend this new investment asset as a safe haven against the threat of inflation.
Other investors include Josh Harris, the billionaire co-founder of the Apollo Group investment firm; Geoff Yang; SoFi CEO and former COO of Twitter Anthony Noto; Vincent Viola, a Wall Street manager and owner of the Florida Panthers hockey team; Indra Nooyi (former CEO of PepsiCo); and Joe Moglia, former CEO of TD Ameritrade.
A fund that will be managed by James Hutchins, former research director at Coatue Management, and Travis Scher, former investment manager at Digital Currency Group.$72 million has reportedly already been raised for this new investment fund focused on cryptomoney, says Yahoo Finance.
After the euphoric wave of ICOs at the end of 2017, the blockchain and cryptomoney sector is once again attracting investors.
Investors from all walks of life and therefore also from rap, as the rapper LL Cool J has just done by investing in this fund.
American rap is very much involved in Bitcoin and cryptomoney as we have seen in previous articles.
Rapper Lil Pump recently launched his Ethereum token, rapper Megan Thee Stallion promoted the Cash App by distributing $1 million in BTC on Twitter, rapper Logic bought Bitcoin from him for $6 million.
French rap seems to be much less active towards cryptomoney, note the photo published on the Instagram page of the rapper Booba posing next to a Bitcoin vending machine.
And if you don’t know LL Cool J, here is one of his songs: