Youtube celebrity and rapper KSI, often known as JJ, has shared that he made thousands and thousands of kilos investing in bitcoin and “misplaced all of it” when the market “crashed.” Nonetheless, he nonetheless believes that bitcoin is the longer term and “finally you’re going to get a $100,000 bitcoin, a $500,000 bitcoin, and a $1 million bitcoin. It’s going to occur.”
KSI Shares His Expertise Investing in Bitcoin
Famed rapper and in style Youtuber KSI shared his expertise investing in bitcoin on the Non-public Components podcast, printed Thursday.
KSI, whose actual title is Olajide Olayinka Williams Olatunji, is often known as JJ. In 2019, he was ranked second by The Sunday Instances in its checklist of the highest 100 U.Ok. influencers. He’s additionally a part of the British Youtube group referred to as the Sidemen. The British influencer just lately grew to become a vocal fan of cryptocurrency.
He was requested a few rumor of him placing “so much” of cash into bitcoin. KSI then revealed that he invested £2 million ($2.75 million) in BTC round November or December final 12 months however later misplaced cash when the bitcoin market crashed. He stated:
Yeah, I put £2 million into bitcoin. Nicely, I stated bitcoin … [But] This was in cryptocurrencies. I made £7 million, and now I’ve misplaced all of it.
“I obtained fortunate with the £7 million, however I ought to have been good and brought that cash out into fiat after which simply await all the pieces to drop and return into it once more,” he opined, admitting that he obtained carried away with the bull market.
KSI added: “It’s been a full journey, however I needed to expertise it. I needed to actually delve into the entire crypto house, and you understand, I absolutely perceive that now. I put cash in issues the place I primarily leveraged myself and I form of over-leveraged myself to some extent the place I misplaced cash, as a result of I obtained liquidated, so I put some huge cash into one thing I obtained liquidated due to the bitcoin crash.”
Commenting on shedding thousands and thousands of {dollars} investing in cryptocurrencies, the Youtube star stated, “I used to be like, okay, nicely huge whoop,” elaborating:
It’s what it’s. I’ll transfer on. There’s no level crying over spilt milk, and I noticed that in the course of the bear market is whenever you need to put money into issues.
He was additionally requested whether or not investing in bitcoin was like playing. He replied: “No, I don’t suppose it’s. I don’t suppose it’s playing. It’s not playing. No, no, no, no. Bitcoin is right here to remain. It’s the future. It’s simply that nobody desires to simply accept it … Identical with Ethereum. Sure, after all, all of it fluctuates, but it surely’s going up.”
KSI elaborated:
Should you stand again and have a look at the entire image, it’s slowly going up and finally you’re going to get a $100,000 bitcoin, a $500,000 bitcoin, and a $1 million bitcoin. It’s going to occur.
The famed rapper additional opined: “Possibly it’d take 5, 10, 15, 20 years, but it surely’s going to occur, you’ve obtained to recollect, bitcoin doesn’t have inflation … That’s what’s so nice about it, it’s not managed by a centralized financial institution.”
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