Crypto

KSI Explains How He Lost £ 7 Million After Investing In Bitcoin

The YouTube superstar said he invested £ 2 million in cryptocurrency and earned £ 7 million for his efforts, but lost everything when Bitcoin crashed.

Talking about Intimate parts of the body podcast, KSI – real name Olajide Olayinka Williams “JJ” Olatunji – said, “I invested £ 2 million. [in] last year, November / December, but that was in cryptocurrency – I made £ 7m and now I have lost everything.

” Yes, [I’ll have to release] another EP.

“It was a complete trip, but I had to experience it. I really had to dive into the whole crypto space, and, you know, now I fully understand it.

“I was investing in things like this where I basically got into debt and I got over-indebted to the point where I lost money because I was liquidated, so I invested a lot of money in what I had destroyed due to bitcoin crash. ”

Credit: Private Parties

However, he did not allow himself to be humiliated and said that Bitcoin is “here to stay” despite being bitten.

“I said, ‘Okay, well, big shout,” he said.

“That’s what it is, I’ll go further. There is no point in crying over spilled milk, and I realized that during a bear market, you need to invest in things.

“I was delighted, [it thought] this is a bull market now, let’s go. I tried to invest in all of this.

“I was lucky with £ 7 million, but I had to be smart and take the money. Then wait for everything to fall and start over. “

Credit: Private Parties
Credit: Private Parties

When asked if investing in Bitcoin is like gambling, he replied, “No, Bitcoin is not going anywhere. This is the future, but nobody wants to accept it.

“It’s the same with Ethereum, yes – of course – everything fluctuates, but it grows.

“If you take a step back and look at the big picture, it slowly gets bigger and you end up with $ 100,000 bitcoin, € 500,000 bitcoin and $ 1 million bitcoin.

“Maybe it could take 5, 10, 15, 20 years, but it will happen, you have to remember, Bitcoin has no inflation. “

Credit: PA
Credit: PA

“That’s great, it’s not controlled by a centralized bank.

“This is definitely the future, whether people like it or not. “

We need to talk to JJ about this.

You can listen to the podcast entirely on Spotify, Apple Music or Intimate parts of the body Web site.

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