The famous YouTube star KSI belongs to the group of cryptocurrency investors who made a lot of money and lost a lot of money during the last Bitcoin (Bitcoin) Collision.However, the latest news from this British influencer interview Shows his continued support and belief in the Bitcoin ecosystem.
In answering the hypothetical question “If you are the Prime Minister”, KSI, also known as Olajide Olayinka Williams “JJ” Olatunji, shared his interest in “giving everyone £100 worth of Bitcoin” in the form of a stimulus plan. KSI claims to support the crypto ecosystem, he said:
“I think Bitcoin is the future. It must be long-term, but in ten years, investors will laugh.”
Due to the traditional practice of printing money, YouTuber also compared the continued inflation of fiat currencies with the price of Bitcoin. He further strengthened this statement, saying, “You cannot increase the number of bitcoins, and bitcoins are valuable.”
Previously, KSI had invested 2 million pounds (2.7 million US dollars) in cryptocurrencies, including Bitcoin, which increased to 7 million pounds (9.7 million US dollars) at its peak. However, when the incident was disclosed, he claimed that he had lost everything because the digital asset was “liquidated due to the Bitcoin crash.” He added:
“This is a long-distance thing. I came here for the journey.”
The influencer also stated that the public cannot foresee the growth potential of Bitcoin and is following an “in and out” strategy. Recalling his previous crypto investment, KSI Claim Fully understand the crypto space and attribute “over-leveraged” to the main reason for his loss.
related: FTX reduced the maximum leverage from 101 times to 20 times to encourage “responsible trading”
Global cryptocurrency exchanges have stepped up to turn the cryptocurrency narrative into risky trading. The first step in this direction is to significantly reduce leverage.According to a report by Cointelegraph, the famous cryptocurrency exchange FTX announced a plan to curb risky trading Reduce the maximum leverage to 20 times, A drop of more than 80%.
FTX CEO and cryptocurrency billionaire Sam Bankman-Fried used responsible trading as an excuse to assert that high leverage will cause traders to lose their crypto assets in the first transaction.Immediately afterwards, other cryptocurrency exchanges such as Huobi Global have also recently Impose restrictions on high leverage. Binance also has Impose a 20 times leverage limit on new users And plans to make it a norm for existing users in the future.