Alexander LorenzoCoinPicks, CoinPicks · Founder & Chief Investment Officer CoinPicks Capital 👇🏾This strategy made me 8 million dollars

I Lost $5.2M & Went Broke

30 Jun 2025 · 1 min

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1:23

In this candid, first‑person video, the speaker recounts how his rapidly growing business—40 employees and a peak month of $450,000 in revenue—collapsed, leaving him unable to pay rent and forcing him to fire his entire staff. He describes a series of desperate financial maneuvers: a $120,000 live crypto trade on his YouTube channel, holding over $1 million in liquid crypto, taking a $250,000 collateralized loan against Ethereum to purchase a Tesla Model 3, and ultimately selling that car to cover debts. Despite generating over $100 k in monthly revenue, cash flow dried up, and within ten days he found himself completely broke. The narrative is a stark, reflective testimony about over‑leveraging, cash‑flow mismanagement, and the personal toll of a high‑stakes trading lifestyle.

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I lost $5.2 million. I had 40 employees. One month we did $450,000 worth of revenue and I could not pay rent. I had 10 days left. I was completely broke. I had to let go of all of my employees, people I've been training, I've been investing in. I lost $5.2 million. I remember literally doing a $120,000 trade Live on my YouTube channel. I remember having a million plus liquid in crypto, not like my net worth's a million. No, I had a million plus liquid in cash. I was doing over $100K in revenue a month and I was broke. I, I was broke, like completely broke. I got down to the point, 10 days left. I'm talking about no money. I've been trying to make money Every way possible, to the point where I sold my Tesla Model 3, which was like my prized possession. Guys, think about this. I actually made one trade and paid $70,000 to buy the car. I literally— it was like $75,000. I put a $250,000 loan into Ethereum. I took a collateralized loan against the Ethereum, bought the Tesla, and the loan paid off the $70,000. I thought I was the man.