The recent crash of Bitcoin and other cryptocurrencies has left many investors shaking their heads in frustration. According to Logan Paul, his brother Jake has taken a huge hit with his crypto investments.
During a segment on his imPaulsive podcast, co-host Mike Maljak pointed out that Jake made almost $40 million last year from boxing alone, to which Logan responded “It doesn’t matter, he put it all in crypto… he’s poor.”
It is hard to imagine that a guy who made nearly $40 million in one year off boxing alone is actually poor, so it is likely his big bro is exaggerating here.
Jake’s YouTube channel has over 20 million subscribers and he also has other investments that are sure to rake in big bucks for him. However, it is safe to say that he probably has lost a big chunk of change as he has long been a big proponent of Bitcoin and other cryptocurrencies.
He recently sent out a tweet blaming President Biden for the plummeting crypto prices.
Jake Paul is currently in talks to fight Tommy Fury. The two were supposed to have a match late last year, but Fury had to pull out due to injury.
Jake is in for another huge payday if this fight were to go forward. And at this point, he can surely use it to make some of those crypto losses back.