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Reese Witherspoon Makes Debut in Crypto Space by Purchasing Ethereum

UTC by Juhi Mirza · 2 min read
Reese Witherspoon Makes Debut in Crypto Space by Purchasing Ethereum
Photo: Reese Witherspoon

Reese Witherspoon is the newest celebrity who has entered the thriving cryptocurrency sector by making her first ETH purchase.

The Legally Blond fame actress Reese Witherspoon has recently joined the league of the budding cryptocurrency domain by purchasing her first-ever Ethereum.

Witherspoon on Thursday tweeted about her first ETH purchase which sparked a thread of proposals and pitches sent by Bitcoin and Dogecoin proponents. The pitches included requests made to the actress to consider NFTs and other cryptocurrencies including Bitcoin.

First Ethereum Purchase by Reese Witherspoon Receives Support

Reese Witherspoon is the newest celebrity who has entered the thriving cryptocurrency sector by making her first ETH purchase. The actress on Thursday announced on Twitter that she bought her first ETH, which prompted a long list of suggestions and requests made by crypto Twitter users persuading Witherspoon to entertain other crypto variants available in the market.

A prominent YouTuber and Boxer Logan Paul were the first ones to respond to Reese’s tweet by offering her an NFT from the World of Women collection. What followed later was a continuation of tweets urging the actress to consider investing in Bitcoin. The BTC twitter community was quite active in their role and stated how Bitcoin can be a much better alternative for the actress to seek an investment with. Crypto analyst Kaleo and BTC investor Lark Davis also congratulated the actress on her first crypto purchase.

The Dogecoin community on Twitter also made several attempts to convince the actress to purchase their Shiba Inu-inspired digital currency. The pitches included a long list of benefits that Dogecoin currently holds in the cryptocurrency sector. The co-creator of Dogecoin Billy Markus also tweeted to Witherspoon and said that he liked her film “election.”

Ethereum, founded by Vitalik Buterin, is one of the leading cryptocurrencies that at present have secured stable prices and has soared to a whopping 416.33% since January 2021. One of the primary causes that have made Ether a massive success can be accredited to the vast expanse of NFTs that have recently started dominating the digital space. NFTs work on the Ethereum blockchain networks and are widely used by many enterprises and businesses to earn steady incomes. Ethereum’s fast scalable operative tendencies combined with DeFi potential are among few benefits that have piqued people’s interest and have made its prices soar to a striking 20.84%  in the past seven days.

Altcoin News, Cryptocurrency news, Ethereum News, News, Personal Finance
Juhi Mirza
Author Juhi Mirza

Juhi Mirza is an archaeology major who is obsessive about blockchain/Crypto technology and deems it to be the foundational philosophy of the future. Her dogged ability to research and crystallise technical facts/multiple perspectives into rivetting stories makes her an accessible finance writer. She tends to her archaeological pursuits and loves unearthing the past over the weekends.

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