Popular YouTube personality and content creator Andrei Jikh claims to have invested $100,000 into bitcoin and ether.
Jikh, whose personal finance YouTube channel has nearly a million subscribers, says he has already doubled his initial crypto investment thanks to the meteoric price rally that took bitcoin near its last all-time high of $20,000.
Jikh said he owned 7.5 BTC (worth $145,000) and 120 ETH (worth $72,000) for a total of $192,000 at the time the video was published. The popular YouTuber claimed to have an initial investment of $100,000, generating nearly 100% in profit through crypto-asset trading.
Jikh also revealed he made his investment through the Winkelvoss twins’ cryptocurrency exchange Gemini, and lauded the platform for its security.
He said,
[I’ve] been using them forever and because they keep 95% of their currencies in cold storage and they are regulated by the book.
He continued saying he was sending his crypto-assets to lending platform BlockFi to earn up to 8.6 in annual percentage yields on his coins.
He said,
I also use BlockFi because they are backed by some of the biggest players in the industry, like Winklevoss Capital and Coinbase.
Jikh said he was inspired to invest in bitcoin after reading about MicroStrategy’s $425 million BTC investment and Grayscale’s announcement of holding more than $10 billion in crypto-assets.
Featured Image Credit: Photo via Pixabay.com
Credit: Source link
