Faze Banks Reveals Insane Cryptopunk NFT Profits After Recent SaveTheKids Scandal

In a recent turn of events, Faze Banks has come forward to reveal his insane profits from cryptopunk NFTs. This comes as a shock to many in the community, who are still reeling from the SaveTheKids scandal. Many people are wondering how Faze was able to make such large profits off of digital assets, and whether or not this is legal. We will explore these questions in depth in this article. Stay tuned for more information!

The chief executive of FaZe Banks describes CryptoPunk NFT as a smart investment.

“I’m not gonna front, I made a lot of money off that,” Banks told The Post. “It was a very smart investment.”

Banks said he first got into cryptocurrency in 2017 when he realized how big the industry was becoming. He started small, buying Bitcoin and Ethereum when they were worth around $200 each. He then cashed out when the prices spiked in December of 2017.

“I took my money and I put it into CryptoPunks,” Banks said. “I was like, ‘This is the new thing, this is the new wave.'”

Banks said he bought his first punk for around $150 in early 2018. He then bought more when the prices went down, averaging around $30 per punk. He sold his collection in December of 2020 for a total of $250,000.

“I was just holding them,” Banks said. “And then all of a sudden, boom, they blew up.”

Banks said he plans on investing in more NFTs in the future, and that he thinks the industry is here to stay.

“I think it’s here to stay,” Banks said. “It’s definitely something that people are gonna be talking about for a long time.”

FaZe Kay may face jail time due to cryptocurrency frauds, according to the internet.

Banks has not been charged with any crime.

What are your thoughts on Faze Banks’ recent revelation? Let us know in the comments below!

Do you think that Faze Banks will face any legal repercussions for his actions? Do you think that NFTs are here to stay? Let us know your thoughts in the comments below!

FAQ

Do you think NFTs are a good investment?

It’s hard to say whether or not NFTs are a good investment. They’re still a relatively new technology, and the market is still very volatile. However, if you’re careful and do your research, they could be a profitable.

What are the best platforms for doing NFT transactions?

There are a few different platforms that you can use for NFT transactions. The most popular ones are OpenSea, Rarible, and SuperRare. Each platform has its own strengths and weaknesses, so it’s important to do your research before deciding which one to use. We’ll be doing a more in-depth comparison of these platforms in a future article. Stay tuned!

About Tyler Markle

Tyler Markle is a cryptocurrency trader who has made a fortune in the digital currency market. He got his start in trading while attending college, and quickly developed a knack for it. Lucas has been able to turn his knowledge of trading into a very successful career, and he now spends his time helping others learn how to trade cryptocurrencies.

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