The YouTuber-turned-rapper invested in Bitcoin last year and was stunned to see profits soar to Â£ 7million – then desperate when the money disappeared as volatile online currency crumbled
Musician, occasional boxer and Celebrity Gogglebox star, KSI shared an uplifting tale of investing in high-risk cryptocurrencies as he lost a Â£ 7million fortune on Bitcoin.
The 28-year-old YouTube sensation – who is worth Â£ 20million – tried to increase her fortune by investing in Bitcoin late last year.
And while the cryptocurrency hit an all-time high of Â£ 47,240.05 per “coin” after its investment, the volatile crypto market saw it lose profits when the value collapsed weeks later. .
KSI admits he should have cashed in when the price was high, but didn’t, meaning he lost the opportunity to claim a multi-million pound bonus on his initial investment.
Mike Marsland / WireImage)
Explaining his experiences on Made In Chelsea star Jamie Laing’s Private Parts podcast, he said: âI invested Â£ 2million in Bitcoin last year, in November or December.
âI won Â£ 7million – and now I’ve lost everything. It has been a complete trip! I had to experience it.
âI really had to dive into the crypto space. And I understand it perfectly. I basically got into debt and got too much debt, to a point where I lost money because of it. I was wound up because of the Bitcoin crash.
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While many would be left in tears at the loss of such a huge sum of money, KSI says he’s not too bowled over by his losses.
He said, âThere’s no point in crying over spilled milk. I lucked out with the Â£ 7million but should have been smart – should have taken it out.
Away from the Bitcoin game, KSI hopes to have greater success with their new music.
The multi-talented star released her second album, All Over The Place, on Friday and hopes to match or better the success of her debut album, Concealment, which reached No. 2 on the UK charts last year.
The new record includes collaborations with huge music stars from the UK and beyond – with Anne-Marie, Yungblud, Craig David and Future among the stars featured on the album.
Meanwhile, the star delighted fellow Celebrity Gogglebox star Lorraine Kelly this week when he offered her a lady title.
The 61-year-old Scottish interviewed KSI about his new album on his ITV show this week and said: âReally, I should have bowed when you walked in because you’re Lord KSI. does he act? “
Ken McKay / ITV / REX / Shutterstock)
KSI laughed: “Obviously the last time we were here we talked about me as a Lord, a fan made me a Lord. That’s why I decided to make you a Lady.”
He then presented her with a framed document declaring her a “Lady,” leaving the morning TV star to state, “Look at that! Lady Lorraine Smith. I wish I was known as Lady Lorraine forever.”
Lorraine thanked KSI and joked that they were now “Lord and Lady”.