• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Jake Paul Is 'Broke' After Putting All Of His Money In Cryptocurrency

Home> Entertainment

Published 14:36 16 Jun 2022 GMT+1

Jake Paul Is 'Broke' After Putting All Of His Money In Cryptocurrency

Womp, womp

Daisy Phillipson

Daisy Phillipson

Jake Paul is 'broke' after putting all of his money in cryptocurrency, according to his older brother.

In case you missed the news, the crypto market has taken a huge hit in recent months, with Bitcoin crashing towards $20,000 this week, according to Forbes, the lowest it's been since December 2020.

As the leading token on the market, Bitcoin's plummeting price has dragged other digital currencies with it, further deepening the crypto crash.

And it looks like Jake has joined the many people who've suffered major losses, as revealed by his brother during a recent episode of his Impaulsive podcast.

Advert

Logan Paul claims his brother lost a lot of his earnings on cryptocurrency.
Instagram/Jake Paul

The conversation came about after Logan uses air quotes when referring to Jake's 'boxing career'.

Co-hosts George Janko and Mike Majlak jump in to defend the young vlogger, pointing out his success in the sport and impressive salaries for each fight.

"It's going pretty well, he's won every fight he's done," says George, before Mike says: "He made like $40 million last year."

But not one to be trumped by his baby brother, Logan interjects to say: "It doesn't matter, he put it all in crypto... he's poor."

Advert

It appears Logan's likely exaggerating Jake's financial situation right now - after all, he made it to the top ten highest paid athletes under 25, and he rakes it in from various other projects too including his YouTube channel, which has 20.4 million subscribers.

But as someone who's been pretty outspoken about his investment into crypto, there's no doubt he's lost a fair chunk in the ongoing crash.

In a recent Twitter rant, he placed the blame on President Joe Biden, writing: "Biden accomplishments. Number one, highest gas prices. Number two, worst inflation. Number three, plummeting crypto prices. Number four, highest rent prices ever. Number five, created new incomprehensible language.

"If you’re reading this and voted for Biden and you still don’t regret it then you are the American problem."

Advert

Safe to say it didn't take long for the online community to clap back, with Jake's tweet receiving over 8,000 comments since it was posted over the weekend.

"My man blames Biden for crypto you know… when he’s one of the main dudes pumping and dumping," wrote one Twitter user.

Another said: "Are you… blaming Biden for crypto? The thing that is advertised as uncontrollable by the government?"

While a third added: "If you don’t understand how literally anything works, just say that."

Featured Image Credit: Impaulsive/Instagram/Jake Paul

Topics: Jake Paul, Logan Paul, Cryptocurrency, Bitcoin, Money

Daisy Phillipson
Daisy Phillipson

Daisy graduated from Kingston University with a degree in Magazine Journalism, writing a thesis on the move from print to digital publishing. Continuing this theme, she has written for a range of online publications including Digital Spy and Little White Lies, with a particular passion for TV and film. Contact her on [email protected]

X

@DaisyWebb77

Advert

Advert

Advert

Choose your content:

an hour ago
3 hours ago
  • an hour ago

    Alarming amount of money Jordan Belfort really made from penny stocks as Wolf of Wall Street added to Netflix

    He made a huge amount from penny stocks over the years

    Entertainment
  • an hour ago

    Expert explains what the 'Gen-Z' stare really is and why it means generation is doomed

    The Gen-Z stare could be a 'symptom of something deeper’, according to experts

    Entertainment
  • an hour ago

    People can't believe American's review of Oasis gig as she calls fans 'wild animals' and slams 'filthy' Heaton Park

    It doesn't look like she will be returning to Manchester any time soon

    Entertainment
  • 3 hours ago

    John Torode sacked as MasterChef presenter after allegation of him using racist language upheld

    It comes just days after his former co-presenter Gregg Wallace was told he wouldn't be working with the BBC in the future

    Entertainment
  • Mike Tyson gave honest answer when asked if Jake Paul loss would be end of boxing career
  • Mike Tyson makes heartbreaking admission about his troubles ahead of Jake Paul fight
  • Fans make request to Jake Paul after he revealed purse for fight against Mike Tyson
  • Jake Paul reveals Mike Tyson's 'biggest weakness' he is looking to expose ahead of fight