Months Before Multi-Million Dollar Loss, Usain Bolt Made an Interesting Investment Revelation on Stocks and Cryptocurrency in 2021

Retired Olympian Usain Bolt, has recently been making headlines again. However, it is not for something he would be happy about. Bolt suffered a huge financial loss when close to $10 million were wiped out of his investment portfolio. According to reports, Bolt had been investing with Stocks and Services Limited, which recently lost $1.2 billion due to an internal employee.

Investing in the market through stocks or cryptocurrencies comes with great risk. Some people prefer stocks over cryptocurrencies, as they seem less volatile and relatively safe. Months before this recent financial setback, Bolt appeared in an interview with the Hindustan Times. The millionaire revealed which one of the two he personally prefers while investing.

Stocks v/s Cryptocurrency: What did Usain Bolt choose?

In December 2021, the 8x Olympic champion appeared in an interview with the Hindustan Times. Here, he answered questions ranging from his favorite cricketer to his favorite music genre. Bolt also revealed what he prefers between stocks and cryptocurrencies.

Sports writer and journalist, Azad Memon, asked Bolt to pick one between the two. The Lightning Bolt chose stocks without a hitch. For the unversed, stocks are financial tools that offer ownership of a stake in a company. In contrast, cryptocurrencies are a collection of binary data that act as a means of exchange.

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Bolt is currently worth $90 million. He had been investing in stocks for more than a decade with SSL, which, has now resulted in his biggest financial setback.

The Lightning Bolt loses millions

According to reports, sprinting legend Usain Bolt lost his entire retirement fund to swindlers. As a client of SSL for over a decade, he has made the most, if not all, of his investments through the company. Given recent events, the athlete fears that all his hard-earned money and savings may be lost.

Bolt, who is dissatisfied with the situation, just tweeted a rather cryptic statement from his account. Despite the legend’s obscurity, it wasn’t difficult to figure out what it was all about.

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Bolt may have chosen to invest in the stock market to stay on the safer side. However, it isn’t the stock market that caused so much loss to the sprinter, but the firm he chose to invest through. While the matter is still being investigated, one can hope that the legend gets his funds back.