{"id":316760,"date":"2021-08-06T11:32:14","date_gmt":"2021-08-06T08:32:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-is-the-future-youtube-star-ksi-says\/"},"modified":"2021-08-06T11:32:14","modified_gmt":"2021-08-06T08:32:14","slug":"bitcoin-is-the-future-youtube-star-ksi-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-the-future-youtube-star-ksi-says\/","title":{"rendered":"# Bitcoin is the future, YouTube star KSI says"},"content":{"rendered":"

“# Bitcoin is the future, YouTube<\/a> star KSI says <\/strong>”
\n<\/p>\n

Prominent YouTube star KSI belongs to the group of crypto investors who have made and lost a lot of money during the last Bitcoin (BTC) crash. However, the United Kingdom-based influencer\u2019s latest interview<\/a> showed his continued support and belief in the Bitcoin ecosystem.\u00a0<\/p>\n

Answering the hypothetical question of \u201cif you were prime minister,\u201d KSI, a.k.a. Olajide Olayinka Williams “JJ” Olatunji, shared his interest to \u201cgive everyone \u00a3100 worth of Bitcoin\u201d in the form of a stimulus package. Claiming to back the crypto ecosystem, KSI said: <\/p>\n

\u201cI think Bitcoin is the future. It\u2019s definitely going to be long term, but in ten years\u2019 time, people who invested will be laughing.\u201d<\/p><\/blockquote>\n

The YouTuber also contrasted fiat currency\u2019s ongoing inflation with Bitcoin\u2019s price owing to the traditional practice of printing money. He further strengthened this claim by stating that \u201cyou can\u2019t increase the amount of Bitcoin and that has value.\u201d\u00a0<\/p>\n

Previously, KSI had invested\u00a0 \u00a32 million ($2.7 million) in cryptocurrencies, including Bitcoin, which at its peak, grew to \u00a37 million ($9.74 million). However, while disclosing the incident, he claimed to have lost it all as the digital assets \u201cgot liquidated because of the Bitcoin crash.\u201d He added:<\/p>\n

\u201cThis is a long-haul thing and I\u2019m here for the journey.\u201d<\/p><\/blockquote>\n

The influencer also stated that the general<\/a> public cannot foresee Bitcoin\u2019s growth potential and is following a \u201cget in and out\u201d strategy. Reminiscing about his previous crypto investments, KSI claims<\/a>\u00a0to fully understand the crypto space and blames \u201cover leveraging\u201d as the primary cause of his losses.<\/p>\n

Related: FTX reduces max leverage from 101x to 20x to encourage \u2018responsible trading\u2019<\/em><\/strong><\/p>\n

Crypto exchanges across the globe have stepped up to transform the narrative of cryptocurrency as a risky trade. One of the first steps in this direction has been to drastically reduce the leverage. According to Cointelegraph\u2019s report, prominent crypto exchange FTX announced a plan to curb risky trading by reducing maximum leverage to 20x, a drop of more than 80%.<\/p>\n

Under the pretext of responsible trading, FTX CEO and crypto billionaire Sam Bankman-Fried asserted that high leverages result in traders losing their crypto assets in their first trades. Following suit, other crypto exchanges such as Huobi Global have recently implemented restrictions on higher leverage. Binance has also imposed a limit of 20x leverage for its new users and plans to make this a norm for existing users in the future.<\/p>\n