Call me a hater, but some people are too rich for their own good. Not knowing what to do with their excess funds, they seem to waste them on meaningless purchases. Logan Paul proves my point that rich people aren’t always smart with their money.
He’s usually blowing a bag when he’s not boxing and getting a hefty bag for it. Don’t believe me?
Let me tell you about his worst financial decision so far.
Terrible Investment
Just this week ago, he updated fans on the progress of a past purchase of his. Back in 2017, he reportedly spent $623K on an NFT. Today, the same NFT is worth a measly $10.
I can’t wait til someone creates a documentary on NFTs and how so many people were ripped off.
NFTs prove that Americans have to be some of the most susceptible people. The people who fell for NFTs are those who fell for the “buy a star” scam.
People tried to call me slow for questioning the validity of NFTs when they hit the scene. They tried to compare it to art and claimed the value would increase overnight.
At least, you can physically touch the art, can’t say the same about NFTs because they are digital.
Remember when all those rappers were doing Instagram ads promoting exclusive NFTs? You surely don’t see them as often anymore. No disrespect but Logan Paul deserved to get scammed if he would put that much money into a depreciating asset.
He Played Himself
If you are spending your money on shit like this, you deserve the repercussions to learn a lesson, which is why I have zero sympathy for his terrible investment. If anything, I highly doubt that this investment set him back.
He is still a millionaire and surely didn’t lose any sleep over this slip-up.
