24-year-old astrologer, Racso, from Austin, Texas, became the subject of a recent episode of the personal finance show, Financial Audit, hosted by Caleb Hammer. Racso lost an enormous amount of money while trading cryptocurrencies and is currently funding his lifestyle using credit cards. At one point, he turned a $40,000 investment into $440,000, but lost 70% of it when the trading platform FTX and cryptocurrency Terra/Luna collapsed in 2022.
At the age of 24, Racso started his cryptocurrency trading journey in 2020 and had reached a portfolio value of $440,000 thanks to leverage in his trading. However, he lost the majority of his wealth due to market events that he believes were driven by astrological patterns. Facing dire financial circumstances, Racso now depends on credit cards to live, while sharing a car with his sister and struggling to manage his outstanding debts. Despite his significant losses, Racso is determined to make a living as an astrologer, but his financial situation is at a critical juncture. Caleb Hammer, the show’s host, believes that Racso needs to recognize his issues and implement significant changes to his finances if he hopes to overcome his current challenges.
