The cryptocurrency industry has been growing without a hurdle. Bitcoin (BTC) was once associated with the dark web. But years later, the asset is being endorsed by presidential candidates of powerful countries. Several, from celebrities to the average Joe, caught the Bitcoin bug over the years. But football fans are eager to find out if Cristiano Ronaldo is part of the Bitcoin club.
Also Read: Shiba Inu (SHIB) & Dogecoin (DOGE) Price Analysis For October End
Ronaldo’s Involvement In Crypto And Potential Holdings
Binance, the world’s largest cryptocurrency exchange, is known for raking in high-profile celebrities. While the platform did drown in troubled waters, it managed to get Ronaldo into the cryptocurrency industry. In 2021, Ronaldo rolled out his line of non-fungible tokens (NFTs) on Binance.
The footballer received some Bitcoin as a gift from the exchange as part of a deal. However, the specific amount of Bitcoin that he holds is uncertain. In addition, it is not known if Ronaldo invested further in the asset or even sold it.
Legal Challenges Following The Partnership
It should be noted that the footballer was hit with legal troubles following this partnership. One of Ronaldo’s significant setbacks was a $1 billion class-action lawsuit linked to Binance’s NFT activities last year.
Also Read: The ‘Everything Crash’: Analyst Predicts Bitcoin To Collapse to $5,000
Can Michael Saylor Bring Ronaldo Into The Bitcoin Market?
Earlier today, Ronaldo took to social media to post some watches he designed in collaboration with American jewelry brand Jacob & Co.
In 2022, the privately held jewelry company and Ronaldo first announced their partnership. This caught the attention of MicroStrategy’s Michael Saylor, who has long been a Bitcoin bull.
Replying to the tweet, Saylor urged the footballer to hold a “Bitcoin collection.”
At press time, Bitcoin was trading at $64,555.95, having risen 2.47% over the past 24 hours.
Also Read: UAE Central Bank Approves AED Stablecoin: A New Era Begins