Famous financial youtuber Andrei Jikh invests over $ 100,000 in cryptocurrencies

Popular Youtuber Andrei Jikh posted a video to his 978,000 Youtube subscribers this week explaining that he has invested over $ 100,000 in cryptocurrencies. Jikh explains why he spent the funds 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 investments. Usually, his videos cover traditional investment assets such as stocks, but during his latest video released on November 20, he discussed a completely different investment vehicle. Jikh has invested over $ 100k in BTC and ETH and explains how he thinks his investment will go in 12 months.

Jikh immediately explains that he bought 7.5 BTC ($ 130,195) and 120 ETH ($ 63,044) and in his video the market prices are very different from today. After explaining the number of bitcoins and ethereum he bought, Jikh said he left $ 10,000 in his Gemini account to average the dollar cost of the rest of the funds each day. Jikh goes on to describe the significance of what a cryptocurrency is for its 978,000 Youtube subscribers.

“At the time of making this video, this investment is about $ 200,000,” Jikh said during the video. “It is made up of 7.5 BTC and around 120 ETH. In addition to that, I have around $ 10,000 in my Gemini account where I have decided to invest that money at $ 2,000 a day. “

Jikh further added:

There is a maximum supply of 21 million BTC and in the United States there are about 112 trillion dollars in terms of household wealth. If we assume that 1% of the US population is interested in investing, this is about 1.2 trillion dollars. If we divide this hypothetical demand by 1% by the maximum supply, we get an approximate price of $ 57,142 per coin. If we get 2% of the population interested in investing, the price doubles to $ 114,284 per coin. There are 46.8 millionaires in this world, there will only be 21 million bitcoins in existence. This means that less than half of all millionaires in the world will ever have a whole bitcoin.

Some other watershed moments according to Jikh are increasing bitcoin’s maturity are Paypal’s recent announcement to support the asset, Fidelity’s next exchange-traded product, and large purchases from companies like Square, Microstrategy, and Grayscale.

“Additionally, Stanley Druckenmiller, a wealthy hedge fund manager, revealed that he now also owns Bitcoin, Mexico’s second richest man, billionaire Ricardo Salinas Pliego revealed that he holds 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 loves sharing his investment strategies and has done so in many other videos for entertainment purposes only.

Jikh’s leap into the crypto space follows numerous luminaries who have entered bitcoin this year. For example, one of the most popular Youtubers, Pewdiepie told his 107 million channel subscribers that he is getting into cryptocurrencies and non-fungible resource games (NFTs). Successful record producer “Murda Beatz” told his fans he bought bitcoin last October and Grammy-nominated rapper Logic lost $ 6 million in bitcoin last month.

Jikh’s latest crypto video can be seen below and has been viewed more than 129,000 times so far. Jikh 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 speech on investing in cryptocurrencies in his latest video? Let us know what you think about this topic in the comments section below.

Image credits: Shutterstock, Pixabay, Wiki Commons, Youtube,