Crypto Millionaire Loses $43 Million In Trading Bet, Rakes Up $132 Million In Debt

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Bitcoinist 12h ago

Crypto Millionaire Loses $43 Million In Trading Bet, Rakes Up $132 Million In Debt - Bitcoinist

Quick Summary:

The crypto industry is known for its volatility and high-risk trading, which can turn sour if not properly managed, even for very experienced crypto traders.

One such loss is the case of crypto millionaire James Fickel, who has seen his bold bet on Ethereum put him with staggering losses.

Although Spot Ethereum ETFs have also made their way into the US market, they have struggled to keep up with Bitcoin ETFs in terms of inflows.