My People Do Not Believe in Crypto

NBA legend Charles Barkley said that his financial advisors do not recommend involving with cryptocurrencies. However, he did not specify why they have such a negative opinion on digital assets.

Barkley’s Advisors Say No to Crypto

In a recent interview for CNBC, the former professional basketball player Charles Barkley revealed that the people who run his financial operations are not keen on virtual currencies. As he said, one of the advisors even insisted on being fired if he ever recommends dealing with digital assets:

“My people do not believe in crypto. I got a couple of financial guys. One of them said: ‘If I ever put you in crypto, you should fire me on the spot.’”

The 58-year-old American, who was named one of the 50 Greatest Players in NBA History, did not explain why the analysts consider digital assets as a no-go area. Nonetheless, he agreed that Bitcoin, Ethereum, and the other virtual currencies are gaining global popularity:

“And listen, I know that [crypto] is all over the place, to be honest with you, but my people don’t believe in [it].”

Charles Barkley, also known as “Sir Charles,” opined that people should not rush to new opportunities. He revealed that the most important money lesson he’s learned throughout his 13-year basketball career is “learn to say no and don’t feel bad about it.”

Other Sportsmen Love Digital Assets

While the basketball legend seems unfavorable about digital assets, numerous players and teams in the US have shown their support towards Bitcoin and some altcoins over the past few months.

For example, at the beginning of April, the NBA giant – the Sacramento Kings – informed that everyone in the organization could soon start receiving their salaries in BTC instead of dollars. The team’s CEO, Chairman, and Governor – Vivek Ranadivé – asserted:

“I’m going to announce in the next few days that I’m going to offer everyone in the Kings organization, they can get paid as much of their salary in bitcoin as they want, including the players.”

The National Football League also has its cryptocurrency supporters. In late June, the legendary quarterback – Tom Brady – together with his wife – Gisele Bündchen – took an equity stake in FTX as part of a long-term partnership. As a result, the couple will receive some payments in virtual assets.

In his turn, the rising star of American football – Saquon Barkley – highlighted Bitcoin as the right choice for a store of value, especially when inflation starts to shake the economy. He even vowed to receive all his future endorsement money exclusively in the primary cryptocurrency.

Featured Image Courtesy of TheSportsRush