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Youtube superstar and rapper KSI, also known as JJ, shared that he invested millions of pounds in Bitcoin, but “lost everything” when the market “crashed”. Despite this, he still believes that Bitcoin is the future. “In the end you will get a $100,000 Bitcoin, a $500,000 Bitcoin, and a $1 million Bitcoin. This will happen.”
The famous rapper and popular Youtuber KSI shared his experience of investing in Bitcoin on the Private Parts podcast released on Thursday.
KSI, whose real name is Olajide Olayinka Williams Olatunji, also known as JJ. In 2019, he was ranked second in the Sunday Times’ Top 100 British Influencers list. He is also a member of the British Youtube group Sidemen. The British influencer has recently become a big fan of cryptocurrency.
He was asked about rumors that he invested “a large amount” of money in Bitcoin. KSI subsequently revealed that he invested 2 million pounds ($2.75 million) in BTC in November or December last year, but then lost money when the Bitcoin market crashed. He says:
Yes, I invested 2 million pounds in Bitcoin. Well, I said Bitcoin… [But] This is in cryptocurrency. I made 7 million pounds, and now I have lost all of it.
“I was lucky to get 7 million pounds, but I should be smarter and change this money into legal tender, and then wait for everything to pass, and then reinvest,” he thought, admitting that he was on the bull market.
KSI added: “This is a complete journey, but I have to go through it. I have to really go deep into the entire crypto space, you know, I fully understand now. I put my money into things that I basically use my leverage , I overuse myself a little bit so that I lose money because I was liquidated, so I put a lot of money into things that I liquidated because of the Bitcoin crash.”
Commenting on the millions of dollars in losses invested in cryptocurrency, the Youtube star said: “I thought, okay, great,” elaborated:
That’s it. I will keep going. It doesn’t make sense to cry over spilt milk, I realized that during a bear market is when you want to invest.
He was also asked whether investing in Bitcoin is like gambling. He replied: “No, I don’t think it is. I don’t think this is gambling. This is not gambling. No, no, no. Bitcoin will continue to exist. This is the future. It’s just that no one wants to accept it…Ether The same is true for Fang Fang. Yes, of course, all this is fluctuating, but it is rising.”
KSI detailed description:
If you step back and look at the whole picture, it will slowly rise, and you will end up with a Bitcoin of 100,000 USD, a Bitcoin of 500,000 USD, and a Bitcoin of 1 million USD. It will happen.
The famous rapper further thought: “Maybe it will take 5, 10, 15, 20 years, but it will happen. You must remember that Bitcoin has no inflation… This is the great thing about it. It is not controlled by a central bank.”
What do you think of KSI’s experience in investing in Bitcoin? Let us know in the comments section below.
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