The post FaZe Clan Founder Banks Says Ethereum Is ‘Large Percentage’ of His Net Worth appeared on BitcoinEthereumNews.com.

It’s no secret that prominent gaming influencer FaZe Banks loves crypto. Now, he’s buying more.  Richard “FaZe Banks” Bengtson is the CEO and co-founder of esports organization and lifestyle brand FaZe Clan. The gamer took to Instagram this week to report his latest crypto purchases and double down on his pro-crypto stance amidst a broader gaming industry where crypto remains a controversial topic. “Don’t be my typical normie homie and call me asking for plays a year from now when the mainstream media and your mom [are] talking about crypto again,” Banks urged his 2.8 million Instagram followers Tuesday along with a note of Ethereum’s price reaching $2,300, a yearly high. “Expose yourself now,” Banks continued in a post evangelizing crypto and arguing that potential buyers should look at Bitcoin, Ethereum, and Solana. “BTC is the safest, ETH is about as safe with slightly more upside in my opinion. My personal favorite. A large percentage of my net worth is in Ethereum,” Banks wrote, adding that in his view, Solana is the “riskiest” of the three cryptocurrencies. “My money is definitely where my mouth is on this one. Buy it and leave it alone. Chill,” he added. Like many financial assets and purchases, though, it’s important to note that buying or trading cryptocurrencies comes with risk—and fans should be careful not to take financial advice from influencers or celebrities they follow online. It’s often not clear what an influencers motivations may be in promoting a cryptocurrency, NFT project, or any financial asset. Banks also claimed that he recently spent $200,000 on four altcoins: Prime, Pepe, Mog, and Clouds, the last of which has not yet been officially released. Prime is the sci-fi NFT card game Parallel’s official token, Pepe is a frog-inspired meme coin which recently rose to a $666…

---

Filed under: News - @ December 7, 2023 10:26 am