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 “ultimately 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 Elements podcast, printed Thursday.
KSI, whose actual identify is Olajide Olayinka Williams Olatunji, is often known as JJ. In 2019, he was ranked second by The Sunday Occasions in its checklist of the highest 100 U.Ok. influencers. He’s additionally a part of the British Youtube group often called the Sidemen. The British influencer just lately turned a vocal fan of cryptocurrency.
He was requested a couple of rumor of him placing “lots” of cash into bitcoin. KSI then revealed that he invested £2 million ($2.75 million) in BTC round November or December final yr however later misplaced cash when the bitcoin market crashed. He stated:
Yeah, I put £2 million into bitcoin. Properly, I stated bitcoin … [But] This was in cryptocurrencies. I made £7 million, and now I’ve misplaced all of it.
“I acquired fortunate with the £7 million, however I ought to have been good and brought that cash out into fiat after which simply look ahead to every part to drop and return into it once more,” he opined, admitting that he acquired 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 area, and you realize, I absolutely perceive that now. I put cash in issues the place I basically leveraged myself and I form of over-leveraged myself to a degree the place I misplaced cash, as a result of I acquired liquidated, so I put some huge cash into one thing I acquired 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, properly huge whoop,” elaborating:
It’s what it’s. I’ll transfer on. There’s no level crying over spilt milk, and I spotted that through the bear market is whenever you wish to make investments in 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 needs to just accept it … Similar with Ethereum. Sure, after all, all of it fluctuates, however it’s going up.”
KSI elaborated:
Should you stand again and take a look at the entire image, it’s slowly going up and ultimately 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: “Perhaps it’d take 5, 10, 15, 20 years, however it’s going to occur, you’ve acquired to recollect, bitcoin doesn’t have inflation … That’s what’s so nice about it, it’s not managed by a centralized financial institution.”
What do you concentrate on KSI’s expertise investing in bitcoin? Tell us in the feedback part under.
