Reese Witherspoon has proven herself to be both an incredible actress and a profound businesswoman. Throughout the years she has managed to amass over $400 million with both her acting career and her various business ventures. And after selling her company not too long ago, Witherspoon has plenty to spend.
She has also recently announced where she will be investing her money next, and the answer surprised everyone. Ethereum is her next investment opportunity, which she let everyone know through her twitter. Here announcement sent ripples throughout the crypto community and left her fans in awe.
With her recent break into the cryptocurrency market, her fans showed their support for her by commenting on her tweet. On the other hand, Ethereum became incredibly popular seemingly overnight. Within the last month, Ether has managed to nearly double in price, due to no small part of the famous actress’ recent decision.
A famous actress and businesswoman like Reese Witherspoon joining the market was just the push the market needed. As she joins the market, she further legitimizes its place in the financial world. It also doesn’t hurt that her immense following allows her to bring attention to markets like these.
Despite it being rare for celebrities to talk about their investments, Reese Witherspoon is no ordinary celebrity. For one thing, she has recently sold her business Hello Sunshine for an incredibly high $900 million. After running the company herself for five years, she decided to sell it.
The media company was responsible for a variety of TV shows and podcasts since its inception in 2016. They even had a very popular book club. However, the most recognizable thing to come out of the Hello Sunshine was The Morning Show and Big Little Lies.
A new venture by Tom Staggs and Kevin Mayer, former Disney execs, as well as Blackstone Group bought out the company. Man speculate that Witherspoon and the acting CEO of Hello Sunshine Sarah Harden will be a part of the board for the unnamed business.
The impact that she has had over the crypto market has been quite profound. Other than directly improving Ethereum by investing in it, she has also managed to make crypto seem more legitimate. Michael Keaton, star of movies 1989 Batman and Birdman, also talked about possibly investing in crypto.
With the popularity that cryptocurrencies have recently been getting, it would not be unrealistic to other celebrities talking about crypt the same way. And eventually, crypto might be considered a part of the current financial system.