Popular Youtuber Andrei Jikh this week posted a video for his 978,000 YouTube subscribers explaining that he had invested more than $ 100,000 in crypto assets. Jikh explains why he spent the money on digital assets and plans to share his investment experience in another video.
Andrei Jikh is a popular Youtuber with nearly a million subscribers to date, and his channel focuses on personal finance, the stock market and investing. Most of the time, his videos cover traditional investment assets such as stocks, but during his last video published on November 20, he discussed a completely different investment tool. Jikh invested over $ 100,000 in BTC and ETH and he explains how he thinks his investment will perform in 12 months.
Jikh immediately indicates that he has bought 7.5 BTC ($ 130,195) and 120 ETH ($ 63,044) and in its video market prices are much different from what they are today. After explaining how many bitcoin and ethereum he bought, Jikh said he left $ 10,000 in his Gemini account to calculate the average dollar of the rest of the money every day. Jikh goes on to describe the meaning of what a cryptocurrency is to its 978,000 YouTube subscribers.
“At the time this video was made, this investment was about $ 200,000,” Jikh said during the video. “It is made up of 7.5 BTC, and about 120 ETH. Plus, I have about $ 10,000 in my Gemini account where I invested that money for $ 2,000 a day. “
Jikh further added:
There is a maximum of 21 million supply BTC and in the US there is about $ 112 trillion in terms of family wealth. If we assume that 1% of the US population is interested in investing, that’s about $ 1.2 trillion. If we divide this hypothetical 1% demand by the maximum supply, we get a raw price of $ 57,142 per coin. If we get 2% of the population interested in investing, the price will double to $ 114,284 per coin. There are 46.8 millionaires in this world, only 21 million bitcoin will exist. That means less than half of all millionaires in the world will ever own an entire bitcoin.
A few other watershed moments that Jikh believes are boosting bitcoin’s maturity include Paypal’s recent announcement to actively support it, Fidelity’s upcoming exchange-traded product, and major purchases from companies such as Square, Microstrategy and Grayscale.
“On top of that, Stanley Druckenmiller who is a very wealthy hedge fund manager revealed that he now also owns Bitcoin, Mexico’s second richest man, billionaire Ricardo Salinas Pliego revealed that he owns 10% of his net worth in Bitcoin, and even Ray Dalio is no longer sure of his skepticism, ‘Jikh stressed.
Of course, Jikh ends the video by telling his subscribers that the video is not investment advice. The Youtuber likes to share his investment strategies and he has done this in many other videos for ‘entertainment purposes only’.
Jikh’s leap into the crypto space follows countless celebrities who got into bitcoin this year. For example one of the most popular Youtubers, Pewdiepie told his 107 million channel subscribers that he was engaged in cryptocurrencies and non-fungible token (NFT) asset games. Hit producer “Murda Beatz” told his fans that he bought bitcoin last October and the Grammy-nominated rapper Logic has dropped $ 6 million in bitcoin last month.
Jikh’s latest crypto video can be seen below and has been viewed over 129,000 times to date. Jikh’s fans and commentators seem to like the Youtuber’s latest financial investment video, while others think he’s crazy.
What do you think of Andrei Jikh’s talk about investing in crypto in his latest video? Let us know what you think about this topic in the comments below.
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