Bitcoin Is The Future Claims YouTube star KSI

Despite suffering a huge loss in crypto investment, KSI, the prominent YouTuber star belonging to the group of crypto investors still supports and believes in the Bitcoin ecosystem.

In the latest interview, the United Kingdom-based influencer continued answering the hypothetical question of “if you were prime minister,” KSI, a.k.a. Olajide Olayinka Williams “JJ” Olatunji, shared his interest stating “to give everyone £100 worth of Bitcoin” in the form of a stimulus package. Claiming back to the crypto ecosystem he said: “I think Bitcoin is the future. It’s going to be long-term, but in ten years, people who invested will be laughing.”

KSI also differentiated fiat currency’s ongoing inflation with Bitcoin’s price due to printing money's traditional practice. He further asserted, “you can’t increase the amount of Bitcoin and that has value.” Previously KSI had invested £2 million ($2.7 million) in cryptocurrencies, including Bitcoin, but later lost it. However, revealing the incident KSI said to have lost it all as the digital assets “got liquidated because of the Bitcoin crash.” “This is a long-haul thing and I’m here for the journey,” KSI added.

He emphasized that general people cannot foresee Bitcoin’s growth potential and are following a “get in and out” strategy. However, remembering previous crypto investments, KSI says he fully understands the crypto space and blames “over-leveraging” as the primary cause of his losses.

Although crypto exchanges have stepped up to transform the narrative of cryptocurrency as a risky trade, some steps have drastically reduced the leverage. Previously, prominent crypto exchange FTX announced a plan to curb risky trading by reducing maximum leverage to 20x, a drop of more than 80%.

Besides, FTX CEO and crypto billionaire Sam Bankman-Fried asserted that high leverages result in traders losing their cryptocurrency assets in their first trades. Meanwhile, many crypto exchanges like Huobi Global and Binance have also implemented restrictions on higher leverage.

Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.