Would it help cryptocurrency for it to be supported by celebrities?

[batang_bitcoin]

To be honest, they are really helping to increase the trust rating of crypto.

But before advertising one, they have to study if its a legit coin and the developers are serious with that project. We don't want to see it happen again that a celebrity will endorse a scam project, we don't want many people to fall for that as it will decrease the trust from the mass for crypto's so they would only think that crypto's in general are like that.

[Ridwan Fauzi]

A celebrity who decided to invest in cryptocurrency was likely just a promotion. All we know, celebrities have strong power to attract various elements of society to follow what they have done. As well as, for those celebrities who have made a statement that crypto currency is an investment place that isn't recommended for everyone, it has promoted negative things, it is probable that it will be paid by some parties who don't like the growth of cryptocurrency, we can say it's just a FUD.

[vv181]

Celebrity promoting cryptocurrencies will surely help spread cryptocurrencies since they get a lot of impressions. The problem is how far their fans have a curiosity toward cryptocurrencies. It would be nice if the celebrity itself could trigger the curiosity of their fans about cryptocurrency.

[Mhd-Bobbi]

Akon, the singer (dunno if he is still active in the entertainment industry though) made a statement that it's foolish not to invest in crypto https://www.cryptoglobe.com/latest/2018/09/akon-thinks-it-s-foolish-not-to-invest-in-crypto/
Do you think if there are more celebrities who talk about cryptocurrency it would be more widely accepted by the public? I know that products are proven to be effectively marketed by celebrities but would it have the same effect on crypto?

Very good if the Artist can support crypto, of course many fans who come like Artists they idolize, but is it possible for Artists to use Crypto? Because they get a lot, of course their income is very much from the release of their songs.

[jemarleon]

Of course it is, its can be a part of promotion.

There are lots of celebrities involved in crypto try to dig deeper and you will find who they are, some of them are really a fan of it and believe in the future of cryptocurrency.

[BADBITCH]

Celebrities supporting crypto currency will not help the blockchain technology, if they want to invest good.
But if they are creating their own token, it will only cause unnecessary fuss, loss and hypes which would affect the characteristics of a good project.

[bit-freedom]

I believe there will definitely be exposure for crypto if celebrities help to promote to their supporters. But IMO, the project’s business model and continuous development are the main factors that drive the success of a project.