Adrian Grenier – an American actor best known for his role as Vincent Chase in the TV series “Entourage” – opined that cryptocurrencies can “fix a lot of the systems that are broken currently.” He also defended bitcoin mining, which many criticize due to environmental concerns.
“Crypto can fix many industries”
It is safe to say that in these times of post-pandemic crisis, military conflicts and soaring inflation, the global financial system needs a boost. A large portion of crypto proponents believe that such an improvement could be brought about by wider acceptance and use of digital assets. One of these individuals is the American actor, producer and musician – Adrian Grenier.
In a recent interview for Yahoo Finance, the star of the TV series “Entourage” said crypto can “fix a lot of the systems that are broken currently, and are quite wasteful across all industries.”
Critics of the asset class often call it harmful to the environment, as bitcoin mining is an energy-intensive proof-of-work process that requires massive amounts of electricity. Grenier, however, asserted that “crypto isn’t just a thing that uses energy.” He predicted it could help many industries be more efficient. “If you look at the overall net profit, I think it’s positive,” he said.
Grenier presented his first comments regarding the crypto universe last summer. Back then, the actor said he expected bitcoin to replace fiat currencies like the US dollar:
“You’re going to see the adoption rate increase exponentially over time, but you’re also seeing bitcoin as future dollars. Where we have to go philosophically is that it won’t eventually become dollars, it will just be bitcoin.
Grenier is no longer an active actor. Not long ago, he ditched Hollywood and moved to live on a farm near Austin, Texas, where he grows his own food and plans to use digital currencies as a way to trade locally.
Other Crypto Advocates Among Players
Ryan Reynolds is another name that should be mentioned. In February, he said the digital asset universe was emerging as a “huge player”. However, he did not reveal whether he personally invested in bitcoin or altcoins.
The Oscar-winning actress Reese Witherspoon is also part of the proponents’ list. Last year, she made her first interaction with the crypto world by allocating some of her wealth to Ethereum.
