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Logan Paul revealed in his latest Podcast that he has lost more than $500,000 in crypto investments due to the market crash, which has seen its value fall to less than half of what it was worth a year ago.
“It is not a good time to get fully involved in crypto, especially if you bought LUNA. KSI, my business partner on Prime, lost over 3 million dollars, they went up in smoke. I’ve personally lost over 500,000 so far,” Paul said on his “Impaulsive” podcast.
In total, both partners have lost about $3.5 million when Luna’s prices plummeted dramatically. This is the first time that these youtubers have announced that they lost money after investing in the crypto market.
Despite his losses, the youtuber believes that the general panorama of cryptos should be seen, when evaluating technology: “If you believe in technology, and you believe in the function of cryptocurrencies, and you see the macro, this is not any. It’s just another bump in the road.”
Logan Paul admits that it’s “really hard” for a lot of people not to panic about what’s going on. However, he believes that what needs to be done is to “remove emotions, if you play for the long haul, you are going to win”.
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