Lil Baby may have lost millions in crypto, but is it dead? ‘My crypto people, they still have a lot of faith in crypto’
Rapper Lil Baby is trying to set himself up for generational wealth via several avenues, but that goal once cost him millions of dollars.
The spark: The loss can be attributed to Lil Baby’s dive into cryptocurrency. He once thought the square would be a safer bet than gambling. Therefore, he was open to exploring new ways of securing a bag.
The result: During an interview with Sway Calloway, the “Drip Too Hard” rapper shared that although he made some money, he ended up losing millions of dollars investing his dollars in cryptocurrency.
Lil Baby explains how he lost millions
“I feel like I’m winning with investing and stuff. I’m already a gambler. That’s what I do on a smarter level is gambling. For me, investing is like a safer gamble. I actually lost millions investing in crypto. I made money in crypto before I lost it. It’s like an up and down thing,” Lil Baby said.
Take a back seat from crypto: For now, Lil Baby is taking a backseat to crypto, but he’s not making a formal exit just yet.
Lil Baby Questions If Crypto Is Dead
He continued: “I’m kind of on a backend right now for crypto. I became like a crypto team. I’m trying to see what’s what. Because I just want to ask them like, ‘Is crypto dead?’ They’re like, ‘No.’ So my crypto people, they still have a lot of faith in crypto. So I’m not sure what’s going to happen with that.”
Despite the loss, Lil Baby isn’t slowing down. Instead, he finds different ways to make money, which is nothing new for the rapper.
Lil Baby is still pursuing other ventures: Moreover, he is still always looking for a new opportunity to invest his money, big or small.
Lil Baby on his growing list of businesses
“I have a lot of ventures, a lot of ventures. I’m kind of addicted to it,” Lil Baby explained to XXL. “I had like a little scene where I bought like chains. Then I had like a scene, and I bought my watches, and then I had a scene [where] I bought like cars. I started buying as a house. Then I started to get tired of those things.”
He continued: “I started wanting to figure out how to keep getting money forever, really. And I started learning about things and I’m like, wow. So now I don’t buy anything, but I just invest my money. Like if I get an opportunity, I try anything. You feel me? Does that sound like a bright idea? I’m trying, do you feel me? So I got money and everything, like literally, from small things to big brands.”
