Three days ago the tragic suicide death of the ever-fable Stephen “twitch” Boss, the DJ of Ellen DeGeneres shockingly made waves with no details on what prompted the lively gent to take his own life drastically.
However, there’s an update, rumor has it that DJ tWitch who is a lover of crypto and NFT invested millions into digital currencies, but as the value dropped over the month, he lost all of it, (Millions!)
While it is not clear if the 40-year-old took his life due to financial loss, his friends believe it is a contributing factor as that took a toll on his mental health. So Stephen “tWitch” Boss may have shot himself in the head on that fateful Wednesday due to his financial predicament. Tragic!
tWitch left behind his lively wife Allison Holker and three children. Considering he was a good friend of his former boss, Ellen DeGeneres, who use to assist people financially on her show, why didn’t he call for help?
Media Take Out reports;
Stephen “tWitch” Boss, the amiable DJ for “Ellen DeGeneres Show” and dancer who rose to fame on “So You Think You Can Dance,” has died, his wife, fellow dancer Allison Holker Boss, confirmed in a statement yesterday.
The 40 year old TV star is believed to have committed suicide, by shooting himself in at the head with a handgun.
Now Media Take Out just got some pretty interesting tea, on what may have pushed DJ Twitch over the edge.
We spoke with a person who knew the deceased TV star well, and they told us that over the past few months, Twitch lost MILLIONS of dollars in failed crypto investments.
The insider explained, “[Twitch] was very big into crypto and NFTs. He put a lot of money into them, and for a while he was doing really good.”
Unfortunately, the entire crypto and NFT market has taken a turn for the worse in recent months. And according to Twitch’s friend, the TV star lost millions.
“[Twitch] lost millions. We talked about it, and he was really stressed out over it,” the friend told Media Take Out.
And while the friend could not say whether it was the huge financial loss that caused Twitch to take his own life, the friend told us, “I’m sure it contributed to his mental state.”
One year ago, investors were describing bitcoin as the future of money and ethereum as the world’s most important developer tool. Non-fungible tokens were exploding, and the Coinbase exchange
was trading at a record and the NBA’s Miami Heat was just into its first full season in the newly renamed FTX Arena.
In the 12 months since bitcoin topped out at over $68,000, the two largest digital currencies have lost three-quarters of their value, collapsing alongside the riskiest tech stocks. The industry, once valued at roughly $3 trillion, now sits at around $900 billion – losing more than 70% of its value.
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