Sometimes you win and other times you learn. You learn, for example, that in the social networks What matters is to have notoriety and that this can be achieved even by recognizing that you are wrong in doing what you used to be an expert at.
Kiarash Hossainpour has become an exemplary case of the Dangers of getting rich so fast, and being so youngwith bitcoin: as soon as one did not respond as they should have, he lost everything.
The story of Kiarash Hossainpour, the crypto influencer who was a millionaire for a short time
Hossainpour Born 22 years ago in Berlin to an Iranian family who had fled the Islamic revolution. His family went from rich to modest in that journey, so his father always instilled in him the value of entrepreneurship and warned him of the dangers of making millions at an early age.
It was he, who was a computer scientist, who gave him his first computer when he was ten years old so that he could learn to program. At thirteen he launched his first channel on YouTube dedicated to video games and started to earn some money money from online betting and as a web designer, a job that one day someone paid him for bitcoinsThe digital currency had only been in circulation for five years and only the very far-sighted saw its potential.
He soon joined them by investing some already considerable 40,000 euros. In 2017 he earned his first million and was able to demonstrate to his disbelieving parents that with this intangible money he could buy tangible products.
At 21 years old, according to some German digital media, he already had a fortune of more than one hundred million dollars.coming from both his personal investments in cryptocurrencies and his regular income. That is, what he earns from two companies (Consensus Capital and Colorways Ventures, dedicated to investing in startups and the application of artificial intelligence to investment) and from his YouTube channel.
Everything was going swimmingly until this winter. crypto winterwhich is how experts call them Periods when digital assets are in crisisExperts attribute the latter to the long period of low interest rates and the poor performance of more traditional investments.
So that, encouraged by the strong advertising of the platforms who trade these assets and examples like Hossainpour’s, an audience that in other circumstances would not have trusted cryptocurrencies invests in something he understands absolutely nothing about.
Until one day the worst came. Luna, the token linked to the stable coin Terra, plummetedStable coins are cryptocurrencies that aim to limit the sudden fluctuations of these assets by creating a supposed parity with an external reference, which can be, for example, a real currency such as the dollar or the euro or the price of a raw material such as gold or oil.
The fact is that in May, Terra It went from trading at 106.42 euros to 0.000016, a crash that ruined Hossainpour, the young man who, blinded by fortune, lost everything in four years.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
