The Canadian rapper and actor Drake recently lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Drake had placed a $400,000 bitcoin wager, or roughly 17 BTC, on Paul winning the fight by knockout (KO). Unfortunately, Fury won the fight in a split-decision victory, and Drake lost his bet.
Drake is well-known for placing various bitcoin bets, as the 36-year-old rapper bet $472,000 in bitcoin that the LA Rams would win against the Bengals in the Super Bowl. The Rams won 23-20 that game, and Drake won $240,000 from the wager. Drake has also lost $275,000 in BTC when he bet on the mixed martial artist Jorge Masvidal’s fight, and he also lost $234,000 in bitcoin when Charles Leclerc did not win Spain’s Grand Prix.
The rap star’s losses have led to an ongoing online joke now called the ‘Drake Curse’, and according to the joke, if the rapper backs a person, they are likely to lose. Following the fight and speaking at a post-fight press conference, Paul joked about Drake’s bet.
“F***! This is Drake’s fault!” Paul said. “Drake, bro, why did you do this to me? No, it’s my fault. $400,000 is nothing to him – he has won a lot more money betting on me before. He’s probably about even now. Sorry, Drake, I’ll get that win in the rematch,” the fighter added.
It remains to be seen if Drake will continue to place bets on sports and other events, but it is clear that the ‘Drake Curse’ is alive and well. What do you think about Drake losing $400,000 in bitcoin after Jake Paul lost his fight against Tommy Fury? Let us know what you think about this subject in the comments section below.