Youtuber NasDaily's Bitcoin Buy is $200K Underwater
In an interview, "It's a fantastic test of conviction," Yassin said, adding that the half-million dollars he saved in Bitcoin are now worth $300,000.Despite the loss of his research, he is more confident than ever that cryptocurrency is the way of the future:
"Even if it goes down to zero, I think I do believe there needs to be a way to capture value on the Internet. And I'm betting that Bitcoin is a once in a generation thing."
At the end of March, when the price was approximately $40,000, Yassin Smash purchased over 10 BTC ($500,000). Yassin, enthralled by the "global revolution," bought Bitcoin at the same time as his YouTube content shifted to a crypto focus.
"Crypto opened up my mind to the current problems and how we can collectively fix them tomorrow. That's why I'm excited–and therefore, I should try to educate my audience about it."
As he educates his audience with daily broadcasts, Yassin jokes that the digital currency revolution is so vital that he had to "push crypto down the throat of anybody who follows NasDaily." Unfazed by his $200,000 paper loss in Bitcoin, Yassin is purchasing more, adding another 3 BTC to his stack in the days leading up to the World Economic Forum. Warren Buffet, the billionaire corporate titan in charge of Berkshire Hathaway, is a favorite of Yassin. Buffet wrote an investor letter in 1986 that became a classic investor cliché.
