Benzinga - Renowned YouTuber and philanthropist MrBeast, in 2021, disclosed his involvement in the crypto market during an interview. The YouTuber, whose real name is Jimmy Donaldson, is known for his flashy stunts and expensive content.
What Happened: In a YouTube interview with Logan Paul published on Sep 8, 2021, Paul teased MrBeast about his involvement in the crypto scene, prompting the YouTuber to confirm that he has been actively investing in the crypto market.
Paul then revealed details from a phone conversation with MrBeast eight months ago, where he disclosed that Mr Beast had invested a whopping $1.5 million in Bitcoin (CRYPTO: BTC). At the time of the investment, BTC was trading at $46,300.
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Why It Matters: If you invested $100 in Bitcoin today at the current trading price of $30,366 and waited for Bitcoin’s price to reach the level at which MrBeast invested $1.5 million in Bitcoin, which was at $46,300, you would gain potential returns of 52.15% of your initial investment.
A $100 investment in Bitcoin today would be worth around $152.47.
Price Action: At the time of writing, Bitcoin was trading at $30,207, down 1.61% in the last 24 hours, according to data from Benzinga Pro.
Read Next: Bitcoin Clings To $30K, Ethereum, Dogecoin Dip Despite SEC Nod For Crypto Futures ETF: Analyst Predicts Apex Crypto Target In ‘Likely’ Capitulation
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