Gwyneth Paltrow Promotes Bitcoin on Twitter, Posts a Crypto Investment Guide on Goop.com

Is Gwyneth Paltrow's Goop.com Promoting Bitcoin?

The cryptocurrency world continues to expand with the help of celebrities. Although the relationship between virtual currencies and celebrities is not the best, it seems that Gwyneth Paltrow does not think in this way.

On November 5, the actress promoted Bitcoin and how to invest in it and in other virtual currencies. In this way, she became one of the latest celebrities promoting a crypto-related article or product on social media.

Great piece with @billbarhydt on @goop today https://t.co/cBoeHJ9ts7

— Gwyneth Paltrow (@GwynethPaltrow) November 5, 2018

Paltrow tweeted a Q&A with the exchange operator Bill Barhydt on her site, which is known as Goop. The businesswoman has been running the Goop.com company for years, and it became a lifestyle brand.

It is important to mention that Barhydt operates Abra, an exchange and wallet that focuses on mobile users. It allows individuals to purchase 25 different virtual currencies, including Litecoin (LTC), Bitcoin (BTC) and even OmiseGO (OMG).

It seems that the Q&A recently posted on Goop is the first mention to Bitcoin on the platform. Abra, as well as Coinbase, are good companies that could be used by Goop readers. Abra users can purchase virtual currencies using a credit card and in just a few minutes. Moreover, users can control their private keys in the Abra wallet.

In the article, Barhydt talks about Bitcoin and money. According to him, the US dollar has value because it is used to pay taxes.

On the matter, he commented:

“Ultimately, anything has value because people agree that it has value. Government-issued money, such as the US dollar, has value because we all agree that it does, mostly because our government accepts payments of tax debts only in its own money.”

At the same time, he said that poor people will be benefited with the expansion of virtual currencies. Users in developing markets will be able to lease home electronics, however, this is not possible with traditional money.

In the past, DJ Khaled and Floyd Mayweather were sued after promoting an Initial Coin Offering (ICO) known as Centre Tech. Operators of this ICO were charged with fraud. Rapper T.I. was sued this past week for another ICO. So if you are going to invest in Bitcoin or any other virtual currency make sure you do as the crypto community says: DYOR (Do Your Own Research).