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Cryptocurrency has taken over the world in recent years, and it is currently one of the most trendy subjects. Many people, from CEOs to YouTubers, have invested in cryptocurrencies. But it has been a blessing for some, while a curse for others. KSI, an English YouTuber and rapper, was the one for whom cryptocurrency was a curse.
The 29-year-old has a $25 million net worth. With WWE star Logan Paul, he co-owns the PRIME Hydration drink. Additionally, KSI has stated that he has other assets, one of which includes cryptocurrencies. He was rather proud of it, especially when comparing his fortune to that of fellow Sidemen member Vikkstar123.
But KSI could never have predicted that he would be remorseful for his crypto investments later in life. He has been outspoken about his losses thanks to investing in crypto. On the FLAGRANT, a YouTube podcast channel, he discussed a significant loss he had one day investing in cryptocurrency.
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Earning a million dollars could be a once-in-a-lifetime experience for some. But then there’s a man who lost nearly $2.5 million in one day and is still smiling and laughing about it. It is undeniably a sign of success, and the man in question is none other than the English YouTuber KSI.
KSI shared on FLAGRANT, “I publicly failed at crypto. I’ve lost millions bro. I’ve put 2.5 plus million in LUNA and it was at $30. It was going down, and I was like I’m buying the dip motherf**ker. Then it went down to 0.000001. My 2.5 million was worth 10p.”
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According to Decrypt, LUNA is a cryptocurrency designed to maintain the stable $1 value of TerraUSD(UST). However, the UST lost its stability in the cryptocurrency market and dropped from a dollar to just 38 cents. Because of LUNA’s relationship with UST, the former also fell from $62 to just 1 cent.
Even other members of the Sidemen, the group KSI is part of, have talked about Olatunji’s losses. They also noted how he lost $2.5 million on his LUNA investment. However, they also stated that KSI lost roughly $5 million because of his cryptocurrency purchases.
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WATCH THIS STORY: Logan Paul Addresses CryptoZoo Investors After Being Accused Of ‘Scam’
Without a doubt, KSI would have gained a lot from his cryptocurrency experience. This setback could teach him a valuable lesson about making wise investments with his money. What are your thoughts on his crypto losses?
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Ripan Majumdar
1338 articles
Edited By: Jito Tenson
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