Jillian Michaels, who is one of the world’s leading fitness experts, has revealed that she has invested a large amount of money in Cardano’s ADA token, as well as a smaller amount in Dogecoin ($ADA).
Michaels is “an American personal trainer, businesswoman, author and television personality from Los Angeles, California,” who is “best known for her appearances on NBC, particularly The Biggest Loser.”
As you may remember, on May 15, billionaire investor Mark Cuban Cuban, who is the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show Shark Tank, posted a Twitter thread to say for layer 1 and 2 blockchain platforms to be successful having just higher transaction throughput and lower transaction fees are not enough and “There must be a CURRENT network effect and significant user growth.”
After Twitter user “@kryptojumpman” told Cuban that he needs to take a closer look at Cardano, Cuban replied that he had never come across a useful Cardano-powered application.
This promoted Hoskinson to invite Cuban to his Colorado ranch. Cuban, however, rejected Hoskinson’s invitation, and asked Hoskinson to explain to him why he should use ADA on a daily basis.
The conversation on Twitter between Cuban and Hoskinson ended with Cuban, who is a big fan of Dogecoin ($DOGE) partly because Elon Musk has made it kind of cool to like Dogecoin and partly because BitPay’s support for Dogecoin means that fans of his basketball team can use DOGE to pay for the team’s merchandize, wishing Hoskinson good luck with his goals for Cardano.
A few days later, Michaels then sent the following reply to Cuban to criticize him for thinking that Dogecoin is a more useful cryptoasset than Cardano:
The next day, Michaels said that she did not hate Dogecoin and in fact had had put $10,000 into Dogecoin for “fun”. More interestingly, she revealed that she had invested half a million dollars in Cardano.
Later in the day, we found out that her play investing in Dogecoin had paid off:
According to data by CryptoCompare, Cardano’s ADA token is currently trading around $1.708, up 1.24% in the past 24-hour period.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.