YouTube star KSI is one of the crypto investors who lost a lot of money during the last big crash of Bitcoin (BTC), but nonetheless the influencer is still convinced of the long-term success of the market-leading cryptocurrency.
Olajide Olayinka Williams Olatunji, better known as KSI, made the corresponding statements in an interview with GQ. When asked what he would do if he were the UK Prime Minister, the YouTuber replied that he would “give every citizen 100 British pounds in Bitcoin”. He added:
“I think Bitcoin is the future. This is definitely a long-term thing and everyone who has invested will have the last laugh in 10 years. “
In this regard, Olatunji drew the comparison between the ongoing inflation of national currencies and the deflationary character of the cryptocurrency. He points out that “the amount of Bitcoin on offer cannot simply be increased”, which has real added value.
KSI had invested 2 million British pounds in various crypto currencies, including a lot in Bitcoin. These fortunes rose to a whopping 7 million British pounds during the latest record run, but according to their own account everything was “destroyed by the Bitcoin crash”. Nevertheless, this experience does not deter the influencer, on the contrary:
“This thing takes a long breath, but I’m going on this journey.”
However, he says that the general public is not yet convinced of the long-term potential of the market-leading cryptocurrency, which is why most people get in and get out a short time later. Meanwhile, he attributes the reason for his losses to his own mistake, because KSI believes that he has overplayed his hand by acting with too much leverage or financial leverage.
What a successful YouTuber can get over can mean ruin for small private investors, which is why crypto exchanges are increasingly restricting so-called leverage trading. As Cointelegraph had reported, the FTX trading platform therefore only wants to offer up to 20 times the leverage, which is a reduction of more than 80%.