Jake Paul is allegedly broke after putting all his money into cryptocurrency

Jake Paul gestures at a fan during the third quarter between the New York Knicks and the Memphis Grizzlies
Jake Paul gestures at a fan during the third quarter between the New York Knicks and the Memphis Grizzlies Photo credit Brad Penner-USA TODAY Sports

Jake Paul is one of the most successful YouTubers alive and, even though this will be hard to say, one of the more profitable “professional” boxers fighting today.

Allegedly though, all his cash may have been squandered away….into cryptocurrency.

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Jake’s older brother Logan, also a YouTuber, recently revealed on his Impaulsive podcast that Jake put all of his boxing earnings and YouTube revenue into various cryptocurrencies, and due to crypto suffering a massive fall in value (it’s at the lowest its been since December, 2020), Jake seemingly has lost it all.

When co-hosts George Janko and Mike Majlak commented on Jake’s success in boxing and impressive salaries he’s made, including an estimated $40 million las year, Logan replied per LADBible, “It doesn't matter, he put it all in crypto... he's poor.”

Though Logan might likely be exaggerating his brother’s worth (Jake was one of the top ten highest paid athletes under 25, and earns from various other projects too including his YouTube channel which has 20.4 million subscribers), Jake has expressed his frustrations with the price of Cryptocurrency.

In a viral tweet, he placed the blame on falling crypto prices, as well as other things, on President Biden.

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Featured Image Photo Credit: Brad Penner-USA TODAY Sports