In celebrity gambling, rapper Drake recently lost a whopping $400,000 in Bitcoin after betting on YouTuber Jake Paul’s boxing match. The match, which took place on Feb 19, saw Paul take on former UFC fighter Tommy Fury in a highly publicized bout.

According to sources, Drake made the bet through an online sportsbook that accepts Bitcoin as payment. However, his luck was not on his side this time, and he lost a substantial amount. Despite the loss, Drake is known for his interest in cryptocurrency and has previously been vocal about his involvement in the space.

This is not the first time that a celebrity has lost a significant amount of money in Bitcoin. In recent years, several high-profile figures, including Elon Musk and Mark Cuban, have been known to invest in or endorse various cryptocurrencies, often resulting in price fluctuations and market volatility.

While the entertainment industry has been quick to embrace the world of cryptocurrency, the risks associated with investing and betting in the space cannot be ignored. As with any investment, it’s essential to exercise caution and do your due diligence before jumping in.

In conclusion, Drake’s recent loss in Bitcoin serves as a reminder of the potential risks associated with celebrity gambling and crypto investing. Despite the high-profile nature of these events, it’s essential to exercise caution and understand the risks before making any financial decisions.