On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Youtube superstar and rapper KSI, also known as JJ, has shared that he made millions of pounds investing in bitcoin and “lost it all” when the market “crashed.” Nonetheless, he still believes that bitcoin is the future and “eventually you’re going to get a $100,000 bitcoin, a $500,000 bitcoin, and a $1 million bitcoin. It’s going to happen.”
KSI Shares His Experience Investing in Bitcoin
Famed rapper and popular Youtuber KSI shared his experience investing in bitcoin on the Private Parts podcast, published Thursday.
KSI, whose real name is Olajide Olayinka Williams Olatunji, is also known as JJ. In 2019, he was ranked second by The Sunday Times in its list of the top 100 U.K. influencers. He is also part of the British Youtube group known as the Sidemen. The British influencer recently became a vocal fan of cryptocurrency.
He was asked about a rumor of him putting “a lot” of money into bitcoin. KSI then revealed that he invested £2 million ($2.75 million) in BTC around November or December last year but later lost money when the bitcoin market crashed. He said:
Yeah, I put £2 million into bitcoin. Well, I said bitcoin … [But] This was in cryptocurrencies. I made £7 million, and now I’ve lost it all.
“I got lucky with the £7 million, but I should have been smart and taken that money out into fiat and then just wait for everything to drop and go back into it again,” he opined, admitting that he got carried away with the bull market.
KSI added: “It’s been a full journey, but I had to experience it. I had to really delve into the whole crypto space, and you know, I fully understand that now. I put money in things where I essentially leveraged myself and I kind of over-leveraged myself to a point where I lost money, because I got liquidated, so I put a lot of money into something I got liquidated because of the bitcoin crash.”
Commenting on losing millions of dollars investing in cryptocurrencies, the Youtube star said, “I was like, ok, well big whoop,” elaborating:
It is what it is. I’ll move on. There’s no point crying over spilt milk, and I realized that during the bear market is when you want to invest in things.
He was also asked whether investing in bitcoin was like gambling. He replied: “No, I don’t think it is. I don’t think it is gambling. It’s not gambling. No, no, no, no. Bitcoin is here to stay. It is the future. It’s just that no one wants to accept it … Same with Ethereum. Yes, of course, it all fluctuates, but it’s going up.”
KSI elaborated:
If you stand back and look at the whole picture, it’s slowly going up and eventually you’re going to get a $100,000 bitcoin, a $500,000 bitcoin, and a $1 million bitcoin. It’s going to happen.
The famed rapper further opined: “Maybe it might take 5, 10, 15, 20 years, but it’s going to happen, you’ve got to remember, bitcoin doesn’t have inflation … That’s what’s so great about it, it’s not controlled by a centralized bank.”
What do you think about KSI’s experience investing in bitcoin? Let us know in the comments section below.
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