Snoop Dogg Once Said Bitcoin Wasn't A Pandemic Fad And Was Here To Stay — Fast Forward 4 Years And The Rap Legend's Words Ring True

Legendary rapper Snoop Dogg has been a passionate proponent of cryptocurrencies, with his interests ranging from popular coins like Bitcoin (CRYPTO: BTC) to non-fungible tokens. 

What happened: The rap legend has grabbed attention for his several cryptocurrency-endorsing public remarks over the years.

During one such interview with celebrity-focused magazine Vanity Fair in April 2021, the “Doggfather” admitted he was a firm Bitcoin believer.

"I believe in the technology, and I believe in the global connection it creates," the rapper said. "I'm not too caught up in the value of the coin because I've been around long enough to see things go up and go down, and I know it's here to stay."

These remarks were made during the early bull phase of the 2021 cycle when the apex cryptocurrency was nearing $60,000. This was also the time when the world was grappling with the COVID-19 pandemic.

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"I don't see it as a pandemic fad, the pandemic just put gas on the fire," the rapper said about Bitcoin's meteoric growth during the period.

At the time, Bitcoin was trading at $59,098.88 apiece. Fast forward to the present, and the top digital asset is worth over $83,469.25, marking an increase of 41%. So, if you had invested $1,000 after the “Snoop Lion’s” remarks, it’d be worth $1,410 today.

In fact, if anything, BTC has corrected from its January highs when it soared to $109,000, suggesting that Snoop Dogg was right on the money regarding the king cryptocurrency’s future.

Why It Matters: Details regarding Snoop Dogg’s Bitcoin stash remain unknown, although he has spent Ethereum (CRYPTO: ETH) to acquire NFTs in the past.

Earlier this year, the rapper performed at the first-ever inaugural Crypto Ball leading up to President Donald Trump‘s inauguration, drawing rebuke from some of his fans.

Price Action:  At the time of writing, Bitcoin was exchanging hands at $83,469.25, up 1.81% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, the cryptocurrency has dropped more than 11%.

Image Via Shutterstock

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