Mariah Carey Buys Bitcoin as Crypto Hits All-time High

Mariah Carey is one of many celebrities to embrace Bitcoin with Winklevoss-led crypto exchange Gemini, providing yet another sign that digital assets are becoming mainstream.

Carey posted a video on Tuesday that she has partnered with Gemini to promote Bitcoin and support girls of color in their pursuit of STEM degrees - a broad educational category that refers to science, technology, engineering and mathematics.

Meantime, bitcoin prices are up to reach 1% below its all-time high to as much as $64,309.33 this afternoon, CoinDesk data showed.

https://youtu.be/lFtY5VIoGBc

The digital assets enjoyed these gains on the same day that the ProShares Bitcoin Strategy ETF, the first fund of its kind available in the United States, began trading on the New York Stock Exchange. However, some analysts have criticized the ETF, noting that it is not a spot-based ETF but is instead linked to futures contracts.

“Did you know that you don’t need to buy a whole bitcoin to invest? In fact, you can buy as little as $5,” she said in the video.

In some countries, including Egypt, cryptocurrency trading is considered a crime, and market traders are called to be extremely cautious and not to engage in high-risk unofficial currencies.