The recent downturn in Bitcoin and other digital currencies has left numerous investors feeling bewildered. Logan Paul has mentioned that his sibling Jake took a significant blow with his crypto ventures.
During an episode on their podcast, “imPaulsive,” co-host Mike Maljak noted that Jake earned close to $40 million last year from boxing alone, prompting Logan to quip, “It doesn’t matter, he put it all in crypto… he’s poor.”
It might be challenging to believe that someone who made nearly $40 million in one year solely from boxing is actually struggling financially, suggesting that Logan may be exaggerating a bit here.
Jake boasts a YouTube channel with over 20 million subscribers and has investments beyond boxing that are likely to generate substantial returns. Nevertheless, it is evident he may have incurred significant losses, given his steadfast support for Bitcoin and other cryptocurrencies.
He recently took to Twitter to pin the blame for the plummeting crypto values on President Biden.
Jake Paul is currently in discussions for a fight with Tommy Fury. The two were slated for a match late last year, but Fury had to withdraw due to an injury.
If this fight comes to fruition, Jake stands to earn another substantial sum. At this juncture, he could certainly utilize it to recoup some of the losses he experienced in the crypto market.
The original article “Logan Paul Says Brother Jake Is ‘Broke’ After Investing All His Money In Crypto” was first published on Total Pro Sports.
