NFL Players Inquire More About Bitcoin, Says Football Star Richard Sherman

post image

Within the past years, bitcoin has been a buzzword for its incredible soarings as well as plunges. Last year, it attracted the attention of the masses when it increased from $1,000 at the beginning of 2017 till $20,000 in mid-December.

2018 seems to be a more disappointing year for both bitcoin and its brethren. Since the start of the year, BTC has been heading downwards, losing nearly $11,000 in value (which is about 60% of its value) between January 6 and February 5.

The extreme gyrations have also been an inherent part of crypto market evolution. Within the same period, the total market capitalization halved from around $800 billion to about $350 billion, according to the Coinmarketcap.com.

Despite anything, the giddy currency has even drawn the attention of America’s top athletes, as NFL personage Richard Sherman, the Seattle Seahawks cornerback, told CNBC.

"Especially the way bitcoin boomed from nothing to... $19,000 at one point that really caught the eye of a lot of people. Ever since then it has been a common conversation for a lot of us," claimed Sherman.

This athlete has been a bitcoin enthusiast for around four years since he started accepting this crypto as a payment method for his online store. Moreover, he is a representative of Cobinhood, an exchange platform, as well as an investor into this firm’s asset COB. Currently, as he is recuperating from the sports injury, Sherman is spending his time learning more about digital money.

Owning BTC, LTC, and ETH at the same time, the sportsman says that his NFL fellows are also considering piling into cryptocurrencies. However, he, personally, does not hurry up giving out pieces of advice to people, referring to cyber money market as a volatile one. Interestingly, his football mates often ask him little questions like whether cryptos are physical coins or not.

"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," Sherman said.

The athlete concluded that his buddies are trying to learn more about the novel assets at present.

"It is difficult to try to advise anyone, but we definitely have a ton of conversations about it," the sportsman noted.

He also added that none of them (athletes) was fostered up with proper education on financial issues. Perhaps, that is why approximately one in six NFL sportsmen declares bankruptcy after more than ten years after retiring, according to the NBE 2015 Research.

Another Japanese Crypto Exchange Hacked: Hot Wallets At Fault
It’s been a little more than half a year since a Japanese cyber-money bourse CoinCheck was hacked. Last week another Japan-headquartered crypto-exchange...
“Wolf of Wall Street” Belfort Calls People To Stay Away From BTC Not to Lose Money
Bitcoin’s price doesn’t depend on anything else apart from people’s expectations of it. This is the opinion of one of the world’s former speculators Jordan...
Pantera Capital’s Founder Says You Should Invest In BTC NOW
Dan Morehead, a constitutor of Pantera Capital Management, says it is better to purchase bitcoin when it’s price is low. And right now is that moment....
The Philippines To Allow 10 Crypto-Companies Enter Economic Zone
The Philippines seem to be reluctant to stay aside when it comes to crypto-regulation. Almost half a year ago the country’s SEC commissioner stated the...
Buterin Suggests Ether Has Hard Cap of 120 Million
On April 1, one of Ethereum's constitutors Vitalik Buterin unexpectedly suggested agreeing on the general supply of the cyber-coin Ether – ETH. The 24-year-old...
PayPal Clients Receive Dubious Cryptocurrency Warnings
Last week several PayPal clients complained both online and to the media about receiving emails, which looked like official ones from the company, containing...
Telegram Pre-ICO Attracted $850 million
Pavel Durov, the creator of the Telegram messenger, reported on the progress of the ICO, which was announced earlier. As it turned out, investors invested...
South Africa Embraces Blockchain, Launches Ethereum-based Project
The ‘southest’ African nation is stepping into the crypto-friendly world as its central bank implements a novel proof-of-concept (PoC) initiative. This...
Bloomberg Intelligence Strategist: Bitcoin May Tumble to $900 Resembling Dot-Com Crash
Since mid-December, when a unit of bitcoin cost about $16,000-$20,000, its price has halved. Even though BTC managed to recover from February 6 correction,...
Buterin Donated $2.4 million To Anti-Aging Research
The SENS Research Foundation , a nonprofit research fund to combat aging, received a donation of $ 2.4 million from Ethereum founder Vitalik Buterin. All...
Russian Sberbank to Trade Cryptos Abroad Amid Strict Bitcoin Regulation
Russian presidential candidate Boris Titov, who also holds a position of a Business Ombudsman in Russia, believes that the proposed draft law on cyber...
Nasdaq Is Looking Into Crypto Futures That Are Distinct From Rivals, CEO Confirms
Not long ago, Morgan Stanley decided to follow the lead of Goldman Sachs in clearing bitcoin-based futures. Meanwhile, more than a month ago two large...
"Kaspersky Lab": A New Phishing Scheme On Facebook
For 2017, spammers and phishers used a variety of tricks to trick users and get their money. Schemes exploiting people's interest in rapid enrichment were...
Buterin Announces $1 mln Subsidies for Blockchain Research as Ether Surges to $900
Since the last month of spring 2017, ethereum’s price had been varying from $200 to $400 per unit. However, within the previous months “the little brother”...
Why Bitcoin Attracts Millennials
Last year the most influential banker, the president of the European Central Bank, Mario Draghi claimed that youth was struggling to get jobs in the EU....