Man Sold House At Peak of 2021 Bull Run, Invested Proceeds In This Crypto — Here's What Happened Next

In a yet-to-be-released documentary titled “The Highest of Stakes,” a man may have sold his house during the peak of the 2021 bull run, opting to invest the proceeds in a cryptocurrency known as HEX. 

What Happened: The snippet of the documentary’s trailer has caught the attention of crypto enthusiasts. 

The video clip in question, posted on YouTube on September 23, 2021, serves as a teaser for the forthcoming documentary.

The brief excerpt portrays a conversation between a husband and wife, shedding some light on the alleged house sale. The wife expresses her skepticism, dubbing the investment in HEX as akin to playing with monopoly money. "I put it all in, all of our house money," the man can be seen saying in the video.

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Why It Matters: However, the man asserts that he went all-in, liquidating their house assets for this risky venture. The specific amount involved was approximately 240,000 HEX.

On September 23, 2021, HEX was trading at $0.43, which means 240,000 HEX was worth over $1 million. According to the current price of $0.007891, HEX is valued at $2,086.75, indicating a loss of 99.79%.

Hex is an Ethereum ETH/USD based cryptocurrency introduced by Richard Heart in 2019. Marketed as the pioneering blockchain certificate of deposit.

Similarly, a TikTok personality, known as Money_talk_tok, incurred a loss after investing $500,000 in XRP XRP/USD, a token associated with Ripple.

The TikToker mortgaged his home and shared his plan of investing the entire amount in XRP with his more than 50,000 followers on February 24, 2022.

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