I just came across a pretty crazy story that shows how quickly things can go downhill in the crypto space. Kiarash Hossainpour – this German YouTuber with Iranian roots – has become the perfect example of why you need to be cautious with Bitcoin and Co.

The guy was not even 20 when he started giving online seminars about entrepreneurship and attracted hundreds of thousands of followers. The photos showed him in a Rolls-Royce or Lamborghini – the classic influencer story. His wealth grew, and he presented himself everywhere as the poster child for success. But then came the crash.

In spring 2022, his entire fortune collapsed as crypto prices plummeted. That was bad enough, but the real knockout punch came from Luna. This cryptocurrency, which he had previously bet on with messianic zeal on his channel, lost 99 percent of its value in a short time. Kiarash Hossainpour’s wealth was largely gone. From one day to the next, he had lost almost everything – up to 90 percent of his digital portfolio.

What surprised me: the guy doesn’t give up. Despite this catastrophe, the 22-year-old says he will continue investing in Bitcoin. He calls himself a "strategic investor" – someone who doesn’t panic sell. Bitcoin is currently trading at around 79,160 euros, far from the all-time high of about 126,080 euros. But Hossainpour insists that "losses are just part of the game" and that they build character.

The interesting thing is: he blames the incompetence of the Luna team for his financial crash. His famous "sixth sense" for markets – which helped him gain millions of followers – totally failed. And that’s the problem: as an influencer with massive reach, Kiarash Hossainpour’s wealth not only affected himself but also thousands of unwitting people who followed his tips and also lost money.

The whole story begins in 2014, when he received his first Bitcoin payment. Back then, he was still a teenager who built WordPress websites for $30 each. Then, at the end of 2015, the big step: invested nearly 40,000 euros in Bitcoin. His parents were skeptical – "Is this legal? Is this real money or a scam?" – but he was convinced.

His father, himself from a wealthy Iranian family that had been impoverished by the revolution, warned him: "These are just numbers on a screen." Still, Hossainpour used his rising assets as proof of his success model and aggressively sold this image.

The lesson here is clear: Kiarash Hossainpour’s story shows that quick wealth in the crypto space can disappear just as fast. And when you influence others as an influencer, you also bear responsibility for their losses. It’s an important reminder that no one has a "sixth sense" for markets – not even those who claim to.