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

Nipsey Hussle, the Los Angeles-based rapper, invested in Bitcoin back in 2013 and also owned a stake in the Amsterdam-based crypto company Follow Coin. He was a strong advocate for blockchain technology and believed that the real boom in cryptocurrencies would come when retail accepted it as a form of payment. He also urged people to educate themselves and do their own research before investing in cryptocurrencies.

Nipsey Hussle's investment in Bitcoin

Nipsey Hussle, the Los Angeles-based rapper, invested in Bitcoin back in 2013. He also owned a stake in the Amsterdam-based crypto company Follow Coin. Hussle was an advocate for blockchain technology and cryptocurrencies, and believed in their potential for mainstream adoption. He understood the value of decentralised currencies and was not afraid of the FUD (fear, uncertainty, and doubt) spread by financial institutions and governments.

Hussle recognised the utility of Bitcoin, seeing it as an unregulated peer-to-peer currency that allowed for transparent and honest transactions between two parties. He compared the blockchain to the internet in 1994, predicting that it would lead to a technological revolution and the emergence of multi-billion dollar industries.

In an interview with XXL, Hussle shared his wisdom about cryptocurrencies and blockchain technology. He emphasised the importance of mainstream adoption, stating that the real boom will happen when retail accepts cryptocurrency as a form of payment. He also addressed the FUD surrounding decentralised currencies, attributing it to resistance from the powers that be, such as financial institutions and governments, who feel threatened by the decentralised nature of blockchain technology.

Hussle urged caution when investing in cryptocurrencies, advising people to educate themselves and do their own research. He believed that blockchain technology had immense potential and that we had only scratched the surface of what it could offer.

In addition to his investment in Bitcoin, Hussle was also a savvy investor in other ventures. He made headlines in 2013 for selling 1,000 copies of his Crenshaw project for $100 each, with Jay-Z himself buying 100 copies. He was also known for his investments in the crypto company Follow Coin, as well as his investment in and relaunching of the Los Angeles roller rink World on Wheels.

His stake in Amsterdam-based crypto company Follow Coin

Ermias Asghedom, better known by his rap name Nipsey Hussle, had an ownership stake in the Amsterdam-based crypto company Follow Coin. Hussle, a native of Los Angeles, invested in Bitcoin back in 2013.

Follow Coin is a cryptocurrency company that aims to make various forms of cryptocurrency more accessible. According to its official website, the company wants to "lower the barriers of crypto investment markets by providing tools and services that make interacting, handling and trading crypto coins easy."

Hussle's investment in Follow Coin was announced via an Instagram post on August 22, 2017. In the post, he wrote:

> We purchased an ownership stake in @followcoinltd this am. This is a landmark for us because we have been passionate about investing in tech for years now. 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!

Hussle's investment in Follow Coin demonstrated his interest in the potential of blockchain technology and his belief in the future of cryptocurrency. He understood the value of investing in tech and saw the potential for cryptocurrency to disrupt traditional financial systems.

In an interview with XXL, Hussle emphasised the importance of doing your own research when investing in cryptocurrency: "Just educate yourself. Do your research, your due diligence. It’ll take a week and you’ll be able to absorb the majority of the important information. It’s not a hard concept to understand."

Hussle's thoughts on the future of cryptocurrency

Nipsey Hussle, the Los Angeles-based rapper, invested in Bitcoin back in 2013 and bought an ownership stake in Amsterdam-based crypto company Follow Coin. Hussle was passionate about investing in technology and believed that cryptocurrencies and blockchain technology had a lot of potential.

Hussle believed that the real boom in the value of cryptocurrencies would come when they achieved 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 believed that the resistance to cryptocurrencies was purely political and due to the threat that decentralised currencies and blockchain technology posed to financial institutions and governments. He urged people to educate themselves about cryptocurrencies and blockchain technology and to not simply listen to the rhetoric of those in power.

Hussle saw Bitcoin as a new and useful technology, saying:

> Look at the reality of what’s going on—it makes perfect sense for there to be an unregulated peer-to-peer currency that people can exchange goods and services via, without it being linked to a central bank. And it’s no ulterior motive. It’s honest, between the two parties. And the transaction is transparent. So, where is the flaw in that?

He also compared blockchain technology to the internet in 1994, predicting that it would lead to new multi-billion dollar industries in the same way that the internet led to companies like Facebook, Google, Instagram, Twitter, and Amazon.

Overall, Nipsey Hussle was a strong advocate for cryptocurrencies and blockchain technology, seeing them as a potentially revolutionary force that could transform the way people interact and do business.

His views on blockchain technology

Ermias Asghedom, better known by his rap moniker Nipsey Hussle, was an early investor in Bitcoin, having bought into the cryptocurrency back in 2013. He also owned a stake in Amsterdam-based crypto company Follow Coin.

Hussle was a vocal advocate for blockchain technology and cryptocurrencies. He believed that mainstream adoption of digital currencies would lead to a "real boom" in their value and that the current value of cryptocurrencies, despite already being high, indicated a high ceiling for their potential. Hussle compared the blockchain to the internet in 1994, suggesting that just as the internet led to multi-billion-dollar industries, blockchain technology would pave the way for the next technological revolution.

Hussle urged caution when investing in cryptocurrencies, acknowledging the need for regulation and the potential for abuse by bad actors. He saw blockchain technology as a way to create an unregulated peer-to-peer currency that would allow people to exchange goods and services without the involvement of a central bank. This, in his view, would lead to honest and transparent transactions between parties.

He also believed that the resistance to cryptocurrencies was largely political, arguing that financial institutions and governments felt threatened by decentralised currencies and blockchain technology. Hussle encouraged people to educate themselves about blockchain technology and cryptocurrencies, urging them to do their own research and due diligence before investing.

Hussle's views on blockchain technology and cryptocurrencies were shaped by his understanding of the potential for this technology to disrupt traditional financial systems and create new opportunities for people to build wealth. He saw it as a way to empower individuals and communities, particularly those from underprivileged backgrounds, by providing them with access to new forms of value exchange and wealth creation.

Hussle's advice for other investors

Nipsey Hussle, the Los Angeles-based rapper, had some insightful advice for investors in the world of cryptocurrency. Here are some key lessons from his experience:

Mainstream Adoption is Coming

Hussle believed that the real boom in cryptocurrency values would come when it receives mainstream adoption. He envisioned a future where people could use cryptocurrencies to pay at Starbucks or checkout on Amazon. This widespread acceptance, according to Hussle, would significantly impact the value and confidence of investors.

Understand the Technology

Hussle urged investors to understand the underlying technology behind cryptocurrencies, such as blockchain. He compared the current state of blockchain technology to the internet in 1994, predicting that it would lead to similar revolutionary changes. Hussle emphasised the potential for blockchain to disrupt traditional power structures and create new multi-billion dollar industries.

Do Your Own Research

Hussle emphasised the importance of conducting one's own research and due diligence before investing in cryptocurrencies. He encouraged investors to educate themselves about the technology, supply and demand, and the broader cryptocurrency landscape. According to Hussle, it doesn't take long to absorb the important information and develop a solid understanding of the space.

Be Cautious but Confident

While Hussle urged caution when investing in cryptocurrencies, he was confident in the technology's promise. He saw Bitcoin as a new and honest peer-to-peer currency, free from the influence of central banks. However, he warned against treating cryptocurrencies as a get-rich-quick scheme, emphasising the need to understand the reality of the market.

Identify Limitless Possibilities

Hussle's investment in the Amsterdam-based cryptocurrency company, Follow Coin, reflected his passion for investing in technology. He recognised the potential for cryptocurrencies to lower the barriers to investment and make various coins more accessible. Hussle's approach was to be aggressive in adding value and informing others about the limitless possibilities in the crypto space.

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