Logic pulled in an estimated $17 million in 2018, as reported by Forbes magazine. And according to the retired Def Jam rapper, he’s just invested a healthy percentage of that amount into the cryptocurrency company Bitcoin.
During a recent Instagram Live stream, the Maryland native casually mentioned, “Bought $6 million in Bitcoin last month. Fuck it, YOLO.”
Logic has been digging deep into his bank account as of late. In he spent $226,000 on a rare Pokémon card. When the popular trading cards first emerged in the late ’90s, they weren’t particularly expensive.
As they’ve become increasingly rare, the value of certain cards have jumped over the past two decades. Logic’s purchase of the Charizard card set a Nintendo record in regards to collectibles. The rarity of Logic’s card is the graphic is shadowless, meaning the shadow on the right side of the art isn’t visible.
Logic Parlays Rap Retirement Into 7-Figure Twitch Deal
Logic announced his rap retirement in July and revealed No Pressure would be his last album. Since then, he signed a lucrative deal with Twitch, which is worth a reported seven figures.
“I’m blessed enough to have millions of fans and followers,” he explained to The Verge. “So it is a great partnership. I’m going to bring new eyes to their service, they’re going to bring new money to my bank account, and — I’m just kidding.”
Smart move. Bitcoin been skyrocketing lately.
If he put it in last month like he said then he would be sitting very nice right about now.
?
big cap
Youngboy BA.
You could put 6 mill in bitcoin and it could be worth 20$ the next day but wake up the next a billionaire.
It I’d much rather put 6 mill into gold or silver bullion.
Forsure going up dude, its the new currency for the new world order thats coming and unfolding from under are feet. Watch where rich people put there money, lots of billionaires have dropped mad cash over the past year on bitcoins. Central banks are starting to link systems china is putting there’s out first
Gold and silver barely move…. bitcoins is the furture world currency, BTC expected to be 100grand a peiece from 10grand ea in the next 5-10 years all the other ones follow suit, ETH will be pushing 10-50g from 300 500 bucks. If you have extra cash I would certainly invest some on a bitcoin
Bitcoin and the stock market are for suckers. Invest in real estate.
Invest in both and spread your risk. Stop spewing bs. Over 30 years the yield in stocks are much better than real estate overall.
bitcoin is just an interactive pyramid scheme
Bitcoin isn’t a company…