Adin Ross top 3 investments for 2024 
Cryptocurrency Aug 8, 2024 Share
American internet personality Adin Ross ranks among the top streamers by wealth, with his income stemming from a diverse portfolio.
Over the years, Ross’ status as a streamer has risen significantly, allowing him to host high-profile individuals such as Republican presidential nominee Donald Trump.
Ross’ financial endeavors have earned him a purported net worth of about $16 million. Notably, part of this net worth stems from investments in cryptocurrency and the stock market.
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Indeed, his portfolio is heavily reliant on the crypto market, like that of many influencers, such as Andrew Tate. While his specific stake in cryptos is not publicly detailed, his involvement in the market aligns with the trend of many online personalities who leverage their influence to invest in emerging digital assets.
In this line, here is an overview of the streamer’s top three investments for 2024:
Ethereum (ETH)
Over the years, Ross has emerged as a big Ethereum (ETH) fan, offering his price projections at some point.Interestingly, in 2023, it emerged that a wallet linked to the streamer saw about $35 million pass through it. Reports indicate that the funds originated from his promotion of crypto gambling websites and his involvement in the MILF token, which turned out to be a scam.
Similarly, amid the recent crypto market downturn, Ross allegedly lost around $37 million due to the sharp downturn, an element that reportedly pushed him into financial struggles.
However, he remains bullish on Ethereum’s long-term prospects, predicting that the decentralized finance (DeFi) project will likely hit $5,000, inspired by the recent launch of the spot ETH exchange-traded fund (ETF).
Adin Ross speaks about the Ethereum ETF and his game plan. pic.twitter.com/2BzJDZCfWX
— The Crypto Network (@raffayalvi) May 24, 2024
In the meantime, Ethereum continues to face bearish pressure, dropping almost 4% in the last 24 hours and trading at $2,339. In 2024, the crypto has made modest gains of slightly above 2%.
Ethereum YTD price chart. Source: Finbold
Bitcoin (BTC)
At the same time, Ross reportedly holds a stake in the maiden cryptocurrency. His preference for Bitcoin (BTC) emerged during the Trump live-streaming session. During the stream, Trump emphasized the importance of Bitcoin and criticized the current administration’s approach to cryptocurrency.
He reiterated his support for the U.S. holding Bitcoin reserves, comparing the importance of digital assets to that of artificial intelligence (AI), and warned against allowing countries like China to dominate the crypto sphere.
On the other hand, Bitcoin is making attempts to recover from the recent downturn, targeting the $60,000 mark. By press time, Bitcoin was valued at $55,080, with over 30% gains yearly.
Bitcoin YTD price chart. Source: Finbold
Tesla (NASDAQ: TSLA)
Ross has also ventured into the stock market, with a reported stake in Tesla (NASDAQ: TSLA). Tesla, the electric vehicle giant led by Elon Musk, has notably attracted numerous high-profile investors due to its innovative approach and market leadership.
In addition to his financial investment, Ross recently made headlines by gifting former President Trump a Tesla Cybertruck during a live stream. This gesture was part of a broader conversation in which Trump praised Bitcoin.
In the meantime, Tesla stock is also facing bearish sentiments. It has plunged over 5% in the last 24 hours and is trading at $190. At the same time, TSLA is down over 20% in 2024.
Tesla YTD share price chart. Source: Finbold
Overall, Ross portfolio exemplifies the modern influencer who leverages his digital presence to diversify into high-stakes financial markets.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.