YouTuber and aspiring boxer Jake Paul has allegedly lost a fortune due to the recent plummeting prices of cryptocurrencies.

Paul, who is currently in talks to arrange a fight with former Love Island contestant Tommy Fury, had invested heavily in crypto before things took a turn for the worse.

Although reports say that Jake Paul earned as much as 36 million dollars from boxing alone in 2021, his older brother Logan was dismissive of his wealth now when speaking on his own imPaulsive podcast.

“It doesn’t matter,” Logan Paul said of Jake‘s financial state. “He put it all in crypto! He’s poor!”

Jake Paul blames Joe Biden for crypto crisis

Curiously, Jake Paul decided that the extreme fall of cryptocurrency values was down to United States president Joe Biden, despite it being unregulated and not controlled by any political parties.

“Biden accomplishments,” Jake Paul, said, setting off on a rant. “Number one, highest gas prices. Number two, worst inflation. Number three, plummeting crypto prices. Number four, highest rent prices ever. Number five, created new incomprehensible language.

“If you’re reading this and voted for Biden and you still don’t regret it then you are the American problem.”