Youtube sensation and upcoming boxer Jake Paul is said to have lost a big chunk of his fortune in the recent crypto crash. The revelation came from Logan Paul, Jake’s brother on his podcast ‘imPaulsive,’ where the older Paul referred to his sibling as “poor”.

This comes as a bit of shock across the internet community, as Jake Paul is rumoured to earn around $36 million last year from fights alone. However, he decided to invest most of that income in the crypto market, which is currently witnessing one of its biggest dips. For instance, the price of Bitcoin dropped by a whopping 25 percent, trading at its lowest price in 18 months. 

Just like Paul, the market crash has affected the community in a big way. Recently, Coinbase announced that it is laying off 18 per cent of its staff due to the sudden ‘crypto winter.’ Speaking on the current issue, Logan Paul made some interesting revelations on his podcast about Jake Paul. 

When asked about the money Jake has made from his boxing career in the last few years, Logan replied, “It doesn’t matter, he put it all in crypto! He’s poor!” Interestingly, this was mere hours after Jake Paul claimed that Floyd Mayweather is broke after his fight with Logan Paul. 

He also took to Twitter recently to accuse Joe Biden, of the current economic situation in America. The 25-year-old said: “Biden accomplishments. Number one, highest gas prices. Number two is the worst inflation. Number three, plummeting crypto prices. Number four, highest rent prices ever. Number five created a 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.”

Things, however, could turn around for the younger Paul brother. He’s supposed to return to the boxing ring in August for his match against Tommy Fury. Paul has already beaten Fury by a knockout and was supposed to face off against him again in December. However, Fury had to pull out of the fight due to an injury. 

( Image credits: instagram.com/jakepaul )