The world-renowned rapper Drake went big on the Rams vs Bengals Super Bowl match, placing $1.3M in BTC on the Los Angeles Rams.
As celebrities began dabbling in cryptocurrencies and NFTs over the past couple of months, it seems that not all of them look to hodl their stashes and wait for the right opportunity to sell.
Earlier today, Drake posted a screenshot on his Instagram which showed his bet between the LA Rams and the Cincinnati Bengals. The rapper placed three different bets - over $472K on the LA Rams to win the game, almost $394K on Odell Beckham Jr. scoring over 62.5 receiving yards, and the same amount on Odell to score a touchdown.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What is an Automated Market Maker in Crypto? (Animated)
If Drake were to succeed at winning all of his bets without cashing out, the rapper would rake in more than twice the initial amount, putting his wins at a total of over $2.8M in crypto.
Drake praised Odell’s skills on Instagram and was confident in the win, with the player himself responding to the post, alongside other celebrities like Dj Tiesto rooting for Rams to take the win.
The decision to bet on Odell Beckham Jr.’s team in Bitcoin might not have been as unexpected as it might seem.
Back in November of 2021, the receiver for the Los Angeles Rams announced his partnership with Cash App, and that he’ll be taking his salary in Bitcoin, which sparked some controversy around late January of 2022 due to the market crash.