Gwyneth Paltrow Giving Away $500K Worth Bitcoin For Christmas Holidays

For the holidays, Hollywood actress Gwyneth Paltrow is giving away $500,000 in bitcoin. The winners are picked at random and get bitcoin in “$20 increments and $100 increments,” according to the rules. “I wanted to do that to get women — especially, my followers and Marvel fans — enthusiastic” about bitcoin so they can “play around with it” and “trade it,” she stated.

Gwyneth Paltrow, an actress, has come out in favour of Bitcoin, stating that she wants people to “understand how simple it is”. Paltrow quickly followed up with an announcement that she is partnering up with payment service Cash App. She claimed to give away $500,000 in Bitcoin to her social media fans.

Paltrow is better recognised as a supporter of health and wellbeing than as a crypto evangelist. Having been working with Abra Wallet since 2017 and more recently invested in Bitcoin mining business TeraWulf. Paltrow claimed she wants to democratise membership in the restrictive crypto realm in a tweet on Monday.

Following cashapp and responding with a cash tag and hashtag for a chance to win, this message turned into her Cash App giveaway. Prizes of $20 and $100 will be send to random winners.

Celebrities Diving Into Metaverse And Cryptos

Bitcoin is being praise out by a rising number of celebrities. Odell Beckham Jr. a renowned quarterback for the New York Giants, gave away $1 million in Bitcoin via Cash App in November after announcing that he would pay his new contract in the cryptocurrency.

One of the greatest supporter of Bitcoin and CEO of MicroStrategy Michael Saylor praised the actress Gwyneth paltrow for her immense support towards bitcoin and tweets regarding the news.

Aaron Rodgers, the quarterback for the Green Bay Packers, handed out $1 million in bitcoin in the same month. Megan Thee Stallion, a rapper and hip hop musician, handed out $1 million in Bitcoin in December. Some celebrities collaborate with cryptocurrency exchanges to give away a modest quantity of bitcoin. In return to get their fans involved in cryptocurrency trading. Mariah Carey, for example, gave her fans $20 in free bitcoin in October in return for joining up with cryptocurrency exchange Gemini.

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