Nipsey Hussle's Crypto Investments: Which Coins Did He Back?

Nipsey Hussle, the Los Angeles-based rapper, invested in an Amsterdam-based cryptocurrency company called Follow Coin. He also invested in Bitcoin back in 2013 and owned a stake in Follow Coin. Hussle was a strong advocate for cryptocurrency and blockchain technology, believing that their mainstream adoption would lead to a real boom in their value. He saw the potential of blockchain technology as a revolutionary innovation akin to the internet. Hussle's investment in Follow Coin reflected his interest in diversifying his portfolio beyond music and clothing, and his belief in the potential impact of cryptocurrency on the hip-hop industry.

Nipsey Hussle's investment in Bitcoin

Nipsey Hussle, the Los Angeles-based rapper, invested in Bitcoin back in 2013. He also owns an ownership stake in the Amsterdam-based crypto company Follow Coin. Hussle, whose real name is Ermias Asghedom, has been described as someone who knows "what's good with cryptocurrency and blockchain technology".

Hussle's interest in cryptocurrency is part of a self-sustaining ecosystem of investments, including music and clothing. In an interview with XXL, Hussle predicted that the "real boom" in the value of cryptocurrencies will come when they achieve mainstream adoption. He said:

> But imagine when you can pay for Starbucks with cryptocurrency, when you could checkout on Amazon with your cryptocurrency. What will that do to the value and the confidence of people investing? That’s the opportunity. When retail accepts it as a form of payment, you gonna see the real boom. For these coins to be where they’re at, it lets you know how high the ceiling is.

Hussle also urged caution when investing in cryptocurrencies, stating that people should not think of them as a "get-rich-quick scheme". He also emphasised the importance of doing your own research before investing.

In addition to his investment in Follow Coin, Hussle has also made other investments in the cryptocurrency space. In an Instagram post from April 2018, he shared his crypto investment portfolio worth upwards of $800,000. In the caption, he stated that he got in on Follow Coin at 1/10 of a penny, and it was now trading at 4 cents, proving that the crypto game is not a fraud.

His partnership with Follow Coin

Nipsey Hussle's partnership with Follow Coin began in 2017 when the Los Angeles-based rapper invested in the Amsterdam-based cryptocurrency company. Hussle had been passionate about investing in technology for years, and his partnership with Follow Coin was a landmark moment for him.

Follow Coin's goal is to make various forms of cryptocurrency, including Bitcoin, more accessible. The company aims to lower the barriers to crypto investment markets by providing tools and services that make interacting with, handling, and trading crypto coins easy. Hussle's investment in the company demonstrated his forward-thinking approach to business and his commitment to investing in innovative and promising technologies.

Hussle's involvement with Follow Coin extended beyond just a financial investment. He was actively involved in promoting and adding value to the company. In his Instagram post announcing the partnership, Hussle wrote, "We plan to be aggressive in adding value here and informing the word about the limitless possibilities of not only this Service/Platform but cryptocurrency in general!"

The partnership between Nipsey Hussle and Follow Coin is a testament to Hussle's entrepreneurial spirit and his ability to identify and capitalize on emerging trends. By investing in Follow Coin, Hussle not only diversified his business portfolio but also contributed to the growing world of cryptocurrency and blockchain technology.

Hussle's investment in Follow Coin was also a strategic move that aligned with his interest in blockchain technology and its potential to revolutionize various industries. He recognized the value and importance of decentralized currencies and peer-to-peer transactions. Through his partnership with Follow Coin, Hussle was able to further educate himself and others about the potential of cryptocurrency and its future impact on global financial systems.

Hussle's thoughts on blockchain technology

Ermias Asghedom, better known by his rap moniker Nipsey Hussle, was an advocate for blockchain technology and cryptocurrencies. He was an early adopter of Bitcoin, investing in it back in 2013, and also owned a stake in the Amsterdam-based crypto company Follow Coin.

Hussle believed that mainstream adoption of cryptocurrencies was on the way and that their value would increase significantly when they became widely accepted as a form of payment. He saw blockchain technology as a decentralised peer-to-peer system that would allow people to exchange goods and services without the involvement of central banks or other intermediaries. This, in his view, was a transparent and honest system with no ulterior motives.

Hussle compared the potential of blockchain to the early days of the internet, saying:

> [Chris Lloyd] told me, ‘Nip, this how you gotta look at the blockchain. The blockchain is like the internet in 1994. Fast-forward the internet to 2018, we got Facebook, Google, Instagram, Twitter, Amazon. All multi-billion-dollar industries that were built off of this technological innovation called the internet.’ There’s all these entrepreneurs that are gonna use the opportunity that the blockchain creates to build the next Google. They’re in their lab building right now. And over the next five, 10 years, we’re gonna see these things pop up.

He urged investors to do their own research and educate themselves about blockchain and cryptocurrencies, arguing that it was not a complex concept to grasp. Hussle also believed that the resistance to cryptocurrencies was political and came from those in power who felt threatened by decentralised currencies.

Cryptocurrency's potential impact on hip-hop

Cryptocurrency has the potential to significantly impact the hip-hop industry and culture, just as hip-hop itself has influenced global culture. The late rapper Nipsey Hussle, who started investing in Bitcoin back in 2013, brought crypto to the hip-hop consciousness. He also invested in an Amsterdam-based cryptocurrency company called Follow Coin, which aims to make various forms of cryptocurrency more accessible. Hussle believed that the real boom in cryptocurrency will come when it receives mainstream adoption and becomes a widely accepted form of payment.

The rise of cryptocurrency and blockchain technology presents new opportunities for financial transactions and wealth generation within the hip-hop industry. Super-producer Christopher "Drumma Boy" Gholson, for example, is on the board of advisors for XYO Network, the first decentralized cryptographic-location network making smart contracts possible through GPS tracking. Drumma Boy sees cryptocurrency as another option for payment within the music industry, from paying engineers and booking agents to buying beats.

The intersection of hip-hop and cryptocurrency also aligns with the cultural and economic aspirations of both domains. Crypto industry leader Deidra McIntyre notes that both hip-hop and crypto involve remixing and layering pre-existing elements to create something new. Additionally, just as hip-hop birthed new dances, art, fashion, and speech, Bitcoin has birthed a new vocabulary, alternative coins, NFTs, Web3, and metaverse environments.

Furthermore, the disruptive nature of both hip-hop and crypto has led to their influence on each other. For instance, the movie "Dope" directed by Rick Famuyiwa in 2015, was one of the earliest pop culture phenomena to fuse the two worlds. Rapper Soulja Boy even released a hit song called "Bitcoin."

In conclusion, cryptocurrency has the potential to impact the hip-hop industry and culture by providing new financial opportunities, disrupting traditional payment methods, and fostering creativity and innovation. It remains to be seen how this relationship will evolve, but the early signs suggest a significant and lasting influence.

Hussle's crypto investment portfolio

Ermias Asghedom, better known by his stage name Nipsey Hussle, was a rapper from Los Angeles with a keen interest in cryptocurrency and blockchain technology. Hussle was an early investor in Bitcoin, having purchased it back in 2013. In addition to Bitcoin, Hussle had a diverse crypto investment portfolio, which included investments in various blockchain ventures.

One notable investment was his partnership with the Amsterdam-based cryptocurrency company, Follow Coin. Hussle acquired an ownership stake in the company, recognising the potential of cryptocurrency and the importance of making it more accessible to the public. He shared his enthusiasm for Follow Coin's mission on Instagram, expressing his passion for investing in technology and his belief in the limitless possibilities of cryptocurrency.

Hussle's investments in the crypto space reflected his entrepreneurial spirit and forward-thinking approach to business. He recognised the potential impact of cryptocurrency on various industries, including hip-hop, and actively sought to create value through his investments. In addition to his musical career, Hussle was committed to building a self-sustaining ecosystem that included savvy investments in emerging technologies.

Unfortunately, Nipsey Hussle passed away in 2019, but his legacy as an artist and an early advocate for cryptocurrency and blockchain technology continues to inspire.

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