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Steven Seagal gives a thumbs-up to cryptocurrencies.

Steven Seagal gives a thumbs-up to cryptocurrencies.

February 22, 2018 5:27 am,

Yes, you heard it right. Steven Seagal himself, endorsing cryptocurrency Bitcoiin2Gen.

It is one of those times when you think things couldn’t get more interesting in the crypto world, but then it does. Steven Seagal is now a part of the up-and-down world of Bitcoin and its cryptocurrency. The 1990s action movie star is officially endorsing the Bitcoiin2Gen cryptocurrency.

The actor hasn’t had a hit in 20 years and is currently known for churning out straight-to-DVD action films.

Seagal noted his new role as ambassador for the Bitcoiin2Gen cryptocurrency with a Tweet. Apparently, the worldview and ideology of Seagal mesh perfectly with those developing the new virtual currency.

For Bitcoiin2Gen, the choice of Zen Master, Steven Seagal is obvious as brand ambassador, this extends our long-term commitment towards the community.

Bitcoiin2Gen aims to make a superior or more advanced version of Original Bitcoin. Bitcoiin2Gen is a self-sustaining cryptocurrency that provides at launch its own ecosystem, its own wallet, its own mining machines and the ability to exchange the coin to popular altcoins or FIAT currencies.

Know more about this virtual currency here:

The official announcement was as follows:

“As a Buddhist, Zen teacher, and healer, Steven lives by the principles that the development of the physical self is essential to protect the spiritual man. He believes that what he does in his life is about leading people into contemplation to wake them up and enlighten them in some manner. These are precisely the objectives of the Bitcoiin2Gen to empower the community by providing a decentralized P2P payment system with its own wallet, mining ecosystem and robust blockchain platform without the need of any third party.”

The Securities and Exchange Commission previously issued a statement warning people about the dangers of celebrity-backed ICOs.

It says, “Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments,” the SEC warns in a statement in November 2017. “These endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the endorsement.”

There are 34 days left in Bitcoiin 2Gen’s ICO.

It’s also important to highlight warn potential investors that ‘Bitcoiin 2Gen’ isn’t actually part of Bitcoin. The spelling with an extra ‘i’ is intentionally dubious as it attempts to ride off the back of the successful Bitcoin name when it in actual fact is a token based the Ethereum blockchain.

The SEC urges caution when investing into cryptocurrencies that feature celebrity spokespersons, like what Bitcoiin is doing. It further advises that consumers should do a large amount of research on the subject before investing and that relying on the word of celebrities may not the best investing advice.