Hollywood music video director Joseph Kahn has gone from Dangerous Blood to Bitcoin. On Sunday, the director, who’s gained Grammys for his work with Taylor Swift and Eminem, introduced his new favourite interest: buying and selling cryptocurrency. And he’s searching for buying and selling recommendation.
Kahn, who’s labored with a few of the largest music stars and types within the enterprise over a twenty 12 months profession, stated he spent the previous month buying and selling cryptocurrency, and had made a revenue of $450.
The award-winning director connected a screenshot of his portfolio on Coinbase Professional. It reveals that his preliminary funding of $7,500—in Bitcoin, Ethereum and Litecoin—now has a value of $7,949, a acquire of six %.
He’s “mostly cashed out right now, and plans to buy Bitcoin and Ethereum on a downswing,” when the price falls.
Porn piqued Kahn’s curiosity in Bitcoin
The 47-year-old Korean-American is on the prime of his sport within the music video world, and has labored with a listing of stars, together with Britney Spears, Woman Gaga, Snoop Dogg and 50 Cent.
His newest undertaking is a film, Bodied, about racial tensions on this planet of battle rap, and his immersion within the rap universe may have given him early publicity to Bitcoin.
In 2013, referring to a brand new video minimize, Kahn tweeted: ‘You may pay me in bitcoins and/or obscure intercourse methods.”
Whether or not Kahn purchased any Bitcoin in 2013 is unknown. However his shopper, 50 Cent, is reported to have accepted the cryptocurrency as fee for his album ‘Animal Ambition’ in 2014. The rapper was thought to have gathered Bitcoin now valued at over $7 million, however revealed he had no cryptocurrency holdings throughout a chapter listening to in 2018.
Kahn’s first identified foray in Bitcoin was in February this 12 months, when he tweeted “I bought bitcoin today because porn accepts it. If porn adopts tech, that’s a sign the tech is mainstream.”
However issues did not go nicely for Kahn to start with. He misplaced virtually half of his preliminary funding, when Bitcoin crashed alongside mainstream stocks in March, and expressed disappointment that the cryptocurrency didn’t appear to be an efficient hedge in opposition to the market.
Kahn is searching for recommendation on crypto
In April, issues began trying up for Kahn. “I’m officially only down $50 in cryptocurrency. I still have no idea what I’m doing,” he tweeted.
Yesterday, he despatched out one other entreaty for assist: “If anyone has any ideas on crypto I’m open.”
Due to the pandemic, the rookie dealer has solely produced just one video in 2020, and—judging by the elevated frequency of his tweets on cryptocurrency—he’s doubling down on his new interest.
In contrast to JK Rowling, who lived to remorse asking crypto Twitter to clarify Bitcoin to her, Kahn hasn’t but been inundated with provides of recommendation. Nevertheless it’s solely a matter of time.