Just someone who played stupid games and won stupid prizes 😅

He basically gambled. He took a bet that the price of bitcoin would go up to a certain price by a certain date. To fund the bet, he used his bitcoin. The price dropped instead of going up, so he lost the bet, and his bitcoin that was on the line.

Leverage creates a multiplication factor to your gains... But also losses. It's when you want to make "quick money". With $100 risk capital, if your gain is 3% in a day you gained $3... but if you had 100x leverage you suddenly gained $300 from that $100 capital. The bad part is that any losses ...

Basically borrowing money to bet on the price. It's gambling of the worst kind

Be careful with accepting and asking anything here as truth. It's as likely to be misleading manipulation of some kind. Do you even see a date on that screenshot? It's trivial to generate such a fake post with an AI. Even if authentic, such are also a common false story to appeal to pity of charita...