With the Super Bowl now well behind us, NFL players can today focus on what they really care about, bitcoin. You might have thought that locker room talk only cover sports and women, but an insider reveals that professional players actually like to discuss the ups and down of the cryptocurrency market between themselves.
The athletes of the American National Football League (NFL) are educating themselves about bitcoin investments according to Richard Sherman, the injured cornerback of the Seattle Seahawks.
“Especially the way bitcoin boomed from nothing to … $19,000 at one point, that really caught the eye of a lot of people,” Sherman explained to CNBC. “Ever since then it has been common conversation for a lot of us.”
“There are a ton of different coins,” and players are “trying to figure out which one is the one they should get,” he said. “You read up, you hear great things about some, you hear terrible things about others, they fluctuate throughout the day. It is such an unpredictable market.”
Sports Stars and Crypto
Sports stars need to learn about financial innovation like bitcoin because they make a lot of money, but footballers do not necessarily have the financial skills to keep it long term. “A lot of them have just been trying their best to become more educated on not only cryptocurrencies, but just stocks and trading in general. Because a lot of them have been taken advantage of by financial advisers. So people in my sport, in my field, are definitely becoming more educated and trying to be more intelligent with how they play for the money and understanding where their money is going,” the cornerback explained.
While investing in bitcoin long term, plain mining or trading the cryptocurrency markets has been proven profitable for common people, sports stars also have new avenues open only to them. Athletes in all types of sports have become promoters or brand ambassadors for ICO projects, like soccer legend Leo Messior Sherman himself.
As for giving other players bitcoin trading advise, Sherman said: “It is difficult to try to advise anyone, but we definitely have a ton of conversations about it.”
What sports stars would you expect to be the best cryptocurrency investors? Tell us what you think in the comments section below.
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Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.