Bitcoin price crash hit YouTube star KSI hard, he claims

YouTube star KSI claims to have lost millions of pounds over the last few months through various cryptocurrency investments.

Speaking on the podcast Private Parts, KSI – real name Olajide Olatunji – said he invested £2 million at the end of 2020 and quickly made £7m as the price sky rocketed.

Following the price crash in April and May, KSI said: “I’ve lost it all. It’s mental. It’s been a full journey, but I had to experience it.”

Bitcoin is still well above the price it was at in November, when KSI said he invested, so the losses were likely from another cryptocurrency.

“It’s been a full journey, but I had to experience it. I fully understand it now. I put money in things where I essentially leveraged myself and I kinda over leveraged myself to a point where I lost money because of it.”

He said he “got liquidated because of the Bitcoin crash”, adding: “There’s no point crying over spilt milk.”

KSI disagreed that investing in cryptocurrencies is “gambling”, stating: “Bitcoin is here to stay; it is the future. It’s just no one want to accept it. I’ve lost £7m and i’m still fully crypto.”

Alex Mytton, also appearing on the podcast, told KSI he should “release another EP” to make the money back.

KSI, who released new album All Over the Place on Friday (16 July), is an internet personality known for his commentary videos while playing Fifa video games. His channels have a combined 36m subscribers.

He started his music career in 2015 with the top 30 single “Lamborghini”.

Alongside vlogging and music, KSI is well known for his boxing career and, at one time, fought against fellow YouTuber Logan Paul, whom he beat.