Kiarash Hossainpour is a 22-year-old investor and one of Germany’s most famous crypto YouTubers. He is also the founder of a mutual fund, which he manages with two of his friends. He started investing in Bitcoin and other cryptocurrencies at the age of 18 and soon became a millionaire. The cryptocurrency millionaire is now giving market advice to other investors. Finally, Hossainpour said that he invested in a cryptocurrency in particular and explained why. Here are the details…
invested heavily in LUNA
Hossainpour said all his money is in crypto. The recent crash therefore means that his portfolio has taken a big hit. The investor’s portfolio has slumped nearly 60% from its summary high. “Yes, that means I lost millions,” Hossainpour said of his loss. But the young investor is still a millionaire and invests in Bitcoin despite his big losses. In December, Hossainpour also made large investments in TerraUSD’s sister cryptocurrency, LUNA. As cryptokoin.com reported, LUNA has since lost more than 99% of its value.
“That impressed me,” Hossainpour said on the matter, adding that he still thinks the idea behind Terra is good. According to him, the only reason the project collapsed was his failing team. The cryptocurrency millionaire said, “But I have to be honest, I was wrong. You can’t always be right, and unfortunately there are some things you can’t predict,” he added. “It doesn’t bother me to lose such a large amount in the accident,” he continued. Hossainpour sees crypto as a long-term investment. He also states that he has an investment horizon of at least 10 years for the money he invests.
“I am buying from this cryptocurrency”
Hossainpour said the amount of experience he gained from investing in Bitcoin also helped him stay calm in the face of the crash. He first became interested in Bitcoin when he was about 14 years old. “The reason I’m not worried about this is because I’ve been in this business for a long time,” he said. He also added that the aforementioned experience and staying calm during terrible times are not for most investors. He then stated that he is not interested in Bitcoin price unless he plans to sell it. He even stated that he would not sell his assets even if the BTC price hits $100,000. According to him, Bitcoin will rise much higher than the aforementioned level in the future. Therefore, he sees the current price of BTC as a buying opportunity.
“I buy a lot of Bitcoin and think long-term,” the millionaire said. Hossainpour said he never expected the price to drop that much, but still wasn’t shocked: “I’ve seen altcoins go down from head to toe and have no value. Such is the case with crypto investments.” The cryptocurrency investor also revealed the only thing that would shock him. Accordingly, the only thing that will surprise the investor is that Bitcoin drops to the $ 6,000 to $ 3,000 band.
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