He Invested In Cryptocurrency And Lost More Than A Million Dollars But His Wife Has No Idea Their Life Savings Are Gone

Several months ago, a 40-year-old man decided to really invest in a specific form of cryptocurrency.

He made the decision after he heard some chatter about this company entering a new partnership that he knew would make it so much more valuable than it already was.

“I thought I could turn a few million USD into 15 or even 70 million overnight,” he explained. “High on the drug of opportunity I invested our life savings and all the money in my business accounts.”

“The date of the announcement came and went and nothing happened. The price was steady for a few weeks and I held hope that people’s faith in the technology would support the price.”

“Last week the price unexpectedly plummeted leaving me 2 million in the red. I thought I could hold the remaining amount until the announcement was made, but I, unfortunately, had to withdraw it to pay my business’s operating costs.”

He currently is the owner of a machine shop that creates parts for planes, and he needed to pay for his day-to-day costs of doing business.

Now, he’s left without any money to purchase the materials he needs to create those parts in his shop, and he also won’t be able to pay his utility bills on time in another month.

He thinks he only has about 2 more months left before his own business blows up because of the money he lost in cryptocurrency, and on top of that, his 35-year-old wife has no clue that he lost their entire life savings.

His wife never touches their finances, so that’s why she doesn’t yet know about what just happened.

RomanR – stock.adobe.com

Sign up for Chip Chick’s newsletter and get stories like this delivered to your inbox.

“I am dry heaving at the thought of telling her I lost everything,” he said. “I know it was massively stupid to gamble so much on hearsay, but everyone was so sure of it at the time.”

He’s wondering how he should go about telling his wife that they’re absolutely broke. He and his wife already invested so much into their machine shop, only to lose this too.

“We both sacrificed everything to start this business and I destroyed it all with a few clicks,” he concluded.

How would you handle things if you were in his shoes? You can read the original post on Reddit here.

If true crime defines your free time, this is for you: join Chip Chick’s True Crime Tribe.

Hi, I'm Bre, Chip Chick's CEO! I have a degree in Textile/Surface Design from The Fashion Institute of Technology. ... More about Bre Avery Zacharski

More About: