Celebrity
Jake Paul is “Broke” After Investing All Of His Money In Cryptocurrency
“He put it all in crypto…”
The cryptocurrency market crash affected many people and Jake Paul, who’s also invested a lot in it, was among those affected. Jake reportedly went “broke” after the crash, including the Bitcoin that reached $20,000 this week.
The topic came up when Logan Paul, his older brother, talked about his financial situation and mentioned his “boxing career.” His sarcastic manner was countered by co-hosts George Janko and Mike Majlak, who then recalled how he’d made $40 million from the battle since last year.
George said, “It’s going pretty well; he’s won every fight he’s done.” Followed up by Mike, who said he made “$40 million last year.”
Logan revealed, however, that “it doesn’t matter, he put it all in crypto… he’s poor.”
While his claim might have been exaggerated, it wasn’t too far off, with Jake being very open about his investments in cryptocurrency. Bitcoin reached $20,000, the lowest point for the cryptocurrency since December 2020.
Jake made it to the top ten athletes under 25 to make the most. This includes his earnings from his social media, such as his YouTube channel, which has over 20.4 million subscribers.
It still felt believable because in his latest Twitter rant at President Joe Biden, Jake blamed him for the “plummeting crypto prices.”
Users slammed him with one writing, “lol my man blames Biden for crypto, you know… when he’s one of the main dudes pumping and dumping.”
“Are you… blaming Biden for crypto? The thing that is advertised as uncontrollable by the government?” wrote another.
Another told him, “Biden doesn’t pick gas prices, Biden doesn’t control inflation, Biden doesn’t control the stock market (also don’t rely on crypto), Biden doesn’t control rent prices, idk what language you’re talking about.”
Some flamed him, including NFL editor Jeanna Kelley who wrote, “If you don’t understand how literally anything works, just say that.”
