Earlier this month, famous rap star Rick Ross called out crypto investors on Twitter. The millionaire created a short video urging crypto and metaverse investors to “show us” the money they claimed they’ve been making.
The American rapper, who has a net worth of $45 million, also mentioned that he isn’t asking for proof because he wants to invest. Instead, he believes a bulk of the numbers put out by crypto investors are fake. Rick Ross also added that he had made enough money while flaunting his mansion worth millions.
Commenting on the thread, a Twitter user named “Crypto Michael” shared his experience with crypto investing. The 22-year-old trader revealed that he had made an enormous sum of money trading cryptocurrencies, bagging his most significant gains two years ago.
In March 2020, Bitcoin crashed from approximately $10,000 to $4,500. Crypto Michael shared a snapshot of his trade, revealing his profit from shorting the market. The trader entered the position with 1 BTC and made a massive profit of 26 BTC in little time using leverage.
Another Twitter user replied to the thread with a snapshot of inflows and outflows of cryptocurrencies from the Coinbase exchange. The photo contained the record of transactions in thousands of Bitcoin or millions of dollars.
Aside from cryptocurrencies, NFTs and metaverse projects have also earned many crypto users a massive sum of money. The Bored Ape Yacht Club NFT project is tipped as the most successful project in the NFT ecosystem. Since the project became famous last year, it has made hundreds of millions of dollars for its founders, Yuga Labs.
Admittedly though, the crypto and metaverse world is not all gains, and many investors have also lost huge sums while trading. In the past 24 hours, the crypto market suffered a tremendous crash, with Bitcoin losing 8% of its value and other crypto assets following suit. A few big game players believe the dump is not over yet, and Bitcoin may still go as low as $30k.