The Daily Star’s FREE newsletter is spectacular! Sign up today for the best stories straight to your inbox
Love him or loathe him, Jake Paul is making millions in his new-found career as a boxing superstar.
Having beaten fellow YouTubers and washed up athletes, the former Disney channel actor is eyeing another payday when he faces Tyron Woodley later this year.
But despite earning ludicrous amounts of money in the ring, the main source of Paul's wealth could well be from his cryptocurrency investments.
Like many, the 24-year-old has jumped on the crypto hype training in recent years – as a quick scan of his social media will tell you.
For every tweet promoting his next fight or his latest win, there's another promoting or 'shilling' some form of digital coin.
Paul's love of cryptocurrency is no secret.
Back in February, the controversial influencer bragged about how he purchased Bitcoin when he was just 16 years old.
He tweeted: "When I was 16 I invested my entire first Vine brand deal into #Bitcoin when it was worth $100.
"After 8 years of holding – It’s now worth $46,000."
But while Bitcoin is the most well-known currency, it is not the only one Paul holds.
Later in the tweet, the youngster added: "#Doge is Bitcoin’s younger brother… they have the same potential… it’s still early.."
'Doge' or Dogecoin, as it is officially known, has taken the cryptocurrency world by storm in recent months after regularly being discussed by Tesla chief and Twitter-loving billionaire Elon Musk.
Started as a joke in 2013, the coin is known as a 'meme coin' but has actually turned out to be extremely profitable if you invested in it early enough.
After the rise of 'Doge', celebrities like Paul have started explaining to their followers how they hold certain assets, such as 'Safemoon' or 'Yummy' coin.
Don't miss a thing with our football updates!
Want to be on the ball with all of the latest football news?
Well then sign up for the brilliant Daily Star football email newsletter!
From the latest transfer news to the agenda-setting stories, get it all in your email inbox – don't miss a thing.
How do you sign up?
It only takes a matter of seconds.
Simply type your email address into the box at the top of this article and hit 'subscribe'.
And that's it, job done. You'll receive an email with all of the top news stories every single morning.
You can find out more information on our email newsletter on this link here.
These are known as 's*** coins' in the industry, due to the fact they have little to no use case and are simply pumped and dumped when influencers help propel them into the mainstream.
Millions of people have parted with their hard-earned cash and purchased these coins as of late – some being rewarded handsomely, some losing their life saving.
There has even been talk of Paul starting his very own cryptocurrency given his huge online following.
"It might happen, it might not," Paul told Forbes earlier this year.
David Haye backs Logan Paul as "good for boxing" but rules out exhibition return
"It's a big undertaking. Ben [Phillips] and I have discussed it… But definitely no ‘jakepaulcoin.’
"It would have to provide a purpose and be useful. We don't want to create something just to make money."
But Paul has been forced to remind his millions of followers that his constant promoting of coins should not be taken as financial advice.
"Everything I tweet about crypto is not financial advice and I wouldn’t listen to any of it," he posted last month.
- Jake Paul
- Elon Musk
- Floyd Mayweather
- Logan Paul
Source: Read Full Article