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

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

Jake Paul is now 'poor' according to his brother Logan - after a massive cryptocurrency crash in recent days.

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The YouTuber turned boxer made $36 million last year from fights alone and he decided to invest a big chunk of change into crypto.

A recent market crash has seen biggest currency Bitcoin drop by 25 per cent and it is trading at its lowest price in 18 months.

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'Extreme market conditions' saw Bitcoin and Celsius pause all withdrawals earlier this week and Coinbase announced they were laying off 18 per cent of staff because of the 'crypto winter'.

That brings us back to Paul and his older brother Logan revealed some interesting information on the latest episode of 'imPaulsive'.

Image Credit: Alamy
Image Credit: Alamy

Logan used air quotes when talking about Jake's boxing career and was asked about the money he's made in the last few years.

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That saw the elder Paul reply: "It doesn't matter, he put it all in crypto! He's poor!"

Jake recently took to Twitter and slammed United States president Joe Biden for the state of the economical climate in the country.

One of the points he raised was the crypto market crashing, although that's got nothing to do with Biden.

Cryptocurrency is unregulated and not controlled by any political force. Still, it didn't stop Paul venting his frustrations.

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The 25-year-old said: "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."

Image Credit: Alamy
Image Credit: Alamy

Paul is currently 5-0 in boxing and last beat Tyron Woodley by knockout.

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He's expected to return to the ring in August and his opponent could be longtime rival Tommy Fury.

Fury's father, John, recently confirmed talks about rescheduling the fight had started. The duo were supposed to face off in December, but Fury pulled out with injury.

"We're looking at the Jake Paul situation but there's a long way to go with it," Fury Sr. told Free Bets.

"That's still in negotiation and up in the air, the lawyers are dealing with it as we speak."

Featured Image Credit: Jake Paul/Instagram

Topics: Jake Paul

Daniel Marland
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