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Tom Brady has ＾definitely￣ gotten involved in investing in the cryptocurrency market, the seven-time Super Bowl champion said Thursday.
＾I¨m a big believer in [crypto],￣ Brady said in a pre-recorded video interview with FTX founder Sam Bankman-Fried. He did not share any specific details about which crypto assets he¨s invested in.
The Tampa Bay Buccaneers quarterback only recently entered the public crypto sphere, launching non-fungible token (NFT) platform Autograph last month and changing his Twitter profile picture to the bitcoin laser eyes meme shortly after.
＾In my understanding, it was really a vote of confidence to really get into the conversation as I¨m such a big believer in crypto, and where things are heading in the world,￣ Brady said.
But Brady, who won six of his Super Bowl titles with the New England Patriots of the U.S. National Football League before signing with Tampa Bay, said he¨s been discussing cryptocurrency for far longer than just the past month. And when asked whether he had ＾gotten involved with any investing in crypto,￣ Brady said, ＾I definitely have.￣
＾In our quarterback room, one of my coaches has been on it for eight, nine months. So we talk about it basically every day, the prices of the different tokens, how the space is doing,￣ Brady said.
He compared his embrace of the crypto space to his approach to health and wellness.
＾I¨ve been someone who decided to treat my body differently than the way that everyone else treated it,￣ said Brady, who also runs his own health business.
However, Brady does not anticipate being paid in crypto the way his peers have sought. Free agent offensive tackle Russell Okung, free agent tight end Sean Culkin and free agent quarterback Matt Barkley have all sought to get their salaries in bitcoin.
While a member of the Carolina Panthers, Okung secured an arrangement where the Panthers would send half of his salary to crypto startup Zap, which would convert it to BTC.
Culkin later secured a similar deal while on the Kansas City Chiefs but was cut shortly thereafter. No National Football League player has been paid directly in crypto by his team to date.
＾At the end of the day, technically that can¨t happen, [teams] can¨t pay their athletes [in bitcoin], what they pay is in dollars,￣ Brady said. ＾But I mean, how you invest your money? Absolutely. So I definitely think there¨ll be more solutions as this is more widely adopted in all areas of our lives.￣
For Brady, crypto¨s value proposition is that markets are being disrupted and the nascent asset class may well be here to stay.
＾We¨re learning more and more about these emerging markets,￣ he said. ＾I don¨t think it¨s going anywhere. ´ The world is changing. ´ And you can be ahead of the curve or behind it, and I¨m choosing to be ahead of it.￣
Bankman-Fried, who, through FTX, recently bought the naming rights to the stadium where the National Basketball Association¨s Miami Heat plays, said it¨s difficult for people who are ＾glued to the screen looking at price action￣ to look away, but he advises traders to do so anyway.
＾If the only reason you¨re in crypto is because you think prices are going to go up, that¨s, OK, I mean, you know, so be it,￣ he said, adding:
＾But ´ sometimes [prices] go down and that sucks, but if a lot of what you¨re coming from is the perspective of, ｀Look, here¨s why I think crypto can be really cool and here are the problems I think you can solve¨ ´ I think that¨s a good time to take a step back.￣
NFTs may represent the ＾next generation of interaction between celebrities￣ and brands with their fans, Brady said.
He said he launched Autograph to be a part of the crypto community, and make it easier for celebrities or popular brands to create collectibles for their current fans.
＾When I was a kid, I was a big baseball card collector. Understanding that the kids now in the digital age, you know, are going to want so many things at their disposal on their devices, it¨s a great opportunity to be involved in that for unique collectibles, but really to provide great experiences for different fans and collectors,￣ Brady said.
The wide-ranging conversation capped off CoinDesk¨s Consensus 2021 event and was moderated by FTX.US COO Sina Nader.
Read more about…NFLNFTsFTXSam Bankman-FriedConsensus 2021Tom BradyDisclosureThe leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
by Priya Dialani
May 28, 2021
Cryptocurrencies are back in the game after a whirlwind of changes in prices due to China¨s ban. Bitcoin, the largest cryptocurrency, has rebounded from the effects of market volatility triggered due to the ban and Elon Musk¨s tweets. Though Bitcoin slipped to $36,581, it touched nearly $40,000 on 26th May. Other top cryptocurrency prices were also affected, yet they are slowly and steadily becoming stable.
The crypto market globally was valued at $1.71 trillion. Moreover, the market volume went up by 14% in the last couple of days. Top cryptocurrency live charts fluctuate constantly. Let¨s look at the best cryptocurrency to buy today.
Bitcoin (BTC) is the world¨s first cryptocurrency based on distributed ledger (blockchain) with a proof-of-work mechanism that isn¨t sponsored by any country¨s national bank or government. The top crypto market cap of Bitcoin is? The live Bitcoin price today is US$37,470.16? with a 24-hour trading volume of US$40,144,477,882. Bitcoin is down 0.70% just now.
Ether (ETH) is the currency that powers the Ethereum platform. Ethereum is a decentralized software platform made by Vitalik Buterin that empowers Smart Contracts and Distributed Applications (?Apps) to be hosted and run with no downtime, fraud, control, or interference from a third party. The live Ethereum price today is US$2,669.31 with a 24-hour trading volume of US$29,167,543,013. Ethereum is down 0.93% just now.
Tether (USDT) is a cryptocurrency that is USD-fixed, also called a stable coin. USDT is supported 100% by real assets in the Tether platform¨s reserve account. Consequently, every unit of USDT has a financial worth of one US dollar. The live Tether price today is US$1.00 with a 24-hour trading volume of US$89,933,354,479. Tether is down 0.05% just now.
Binance Coin (BNB) is a cryptocurrency, which is used to pay fees on the Binance cryptocurrency exchange. When fees are paid through Binance Coin on the exchange, users get a discount. Binance is a cryptocurrency exchange known for its quick processing speed and capacity to handle 1.4 million transactions each second. The live Binance Coin price today is US$355.35 with a 24-hour trading volume of US$3,437,816,042. Binance Coin is up 0.73% just now
Cardano (ADA) is a decentralized public blockchain and cryptocurrency project and is completely open-source. Cardano is fostering a smart contract platform, which tries to permit complex programmable transfers of significant worth in a secure and scalable style through its interesting solutions. The live Cardano price today is US$1.63with a 24-hour trading volume of US$3,734,940,271. Cardano is down 2.30% just now. It is the best cheap crypto to buy.
In light of the well-known ＾Doge￣ internet meme and depicting a Shiba Inu on its logo, Dogecoin (DOGE) is a cryptocurrency that was forked from Litecoin in Dec 2013. It is viewed as the best cryptocurrency to buy in 2021. Dogecoin has been utilized fundamentally as a tipping framework on Reddit and Twitter to reward the creation or sharing of valuable content. The live Dogecoin price today is US$0.332642with a 24-hour trading volume of US$2,460,342,348. Dogecoin is down 0.15% just now.
Ripple (XRP) connects customary financial foundations, payment suppliers, advanced digital asset exchanges, and corporations through RippleNet, a free real-time gross repayment framework, to give one seamless experience to send money around the world. It is based on the most progressive blockchain technology that is scalable, secure, and interoperates with various networks. It is gradually becoming the top-rated cryptocurrency. The live XRP price today is US$0.941860 with a 24-hour trading volume of US$4,646,344,938. XRP is down 1.59% just now
Polkadot is a shared protocol that empowers blockchain networks to work together. Polkadot is an open-source project established by the Web3 Foundation. The Polkadot coin serves three particular needs: governance over the network, bonding, and staking. The live Polkadot price today is US$24.27 with a 24-hour trading volume of US$2,975,074,152. Polkadot is up 8.52% just now. It is definitely the best crypto to buy in 2021.
USDC is a completely collateralized US dollar stable coin fueled by Ethereum and mutually made by Circle and Coinbase, which is traded on exchanges at a worth of one US dollar. USDC is the extension between dollars and trading on cryptocurrency exchanges. The live USD Coin price today is US$1.00 with a 24-hour trading volume of US$1,810,353,594. USD Coin is down 0.01% just now.
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