NBA star Tristan Thompson misses $32B in Bitcoin by taking $82M contract in cash

The NBA player and the personality of reality TV, Tristan Thompson, signed a contract of 82 million dollars NBA in 2015 … A dream agreement at the time. But now that he has become a bitcoiner, he dreams of an alternative story where this money was paid via BTC.

“What I know now, I would have definitely pushed to be paid in Bitcoin,” Thompson told Magazine.

“It would be so much, I will laugh and give kicks, being like” it is the best bet in the history of American sport “, explains the longtime fanatic of Crypto.

The day Thompson signed his $ 82 million contract with the Cleveland Cavaliers in October 2015, Bitcoin was negotiated at around $ 270. If this money had been paid in Bitcoin instead, it was worth around 31.75 billion dollars today. In fact, if he had even used a small percentage of his costs to buy Bitcoin, he would now be a billionaire.

Do not tell Thompson the exact figures. “I never looked at,” laughs the 34 -year -old player.

“I could be even more upset after calculating the figures.”

Thompson, who is also known worldwide for his many appearances on Follow the KardashiansSaid, missing even more bitcoin, the Bitcoin agreement stings even more because it was already interested in Bitcoin at the time.

“It was funny because during the same period, a good friend of my friends from Toronto, we had a basketball group conversation, and he was like” guys, buy Bitcoin. ” This is when Bitcoin was 200 or something.

Thompson is not sure that he could have managed the ups and the bottoms of Bitcoin

But Thompson is also honest enough to admit that he is not sure that he could have resisted Bitcoin volatility in the past ten years.

“Who knows if I took a Bitcoin contract and then, when we had the bear market and when we had covid-19 and everything fell, who knows?” He reflects.

“Do I have education and knowledge to resist this storm?” Obviously, now the things I know and the knowledge and power that I have acquired over the years, of course. ”

“I think everything has time,” says Thompson. However, Bitcoin never fell $ 270 after the agreement, so it would not have been worse. Nine months later, he had more than doubled at around $ 577, which means that his $ 82 million could have already transformed in more than $ 175 million [That’s enough rubbing salt in the wound – Ed]

Thompson, who still holds the CAVS record for most of the consecutive matches played at 447, has become more practical with Crypto in a professional manner.

He hosts his own crypto podcast entitled Crypto Courtside, he is a brand ambassador for the Paris Crypto Sportsbet.io platform, and now he is the main advisor to Traceyai, an AI agent built on a virtual protocol that teaches fans on basketball analyzes.

Thompson tries to launch Orange the NBA

In recent years, several American athletes have taken all or part of their salary in Bitcoin. Thompson “gives a lot of credit” to his friend Odell Beckham Jr., an NFL player signed with the Los Angeles Rams, for having chosen to receive his salary of $ 750,000 in Bitcoin in 2021.

The stars of the NBA Klay Thompson and Andre Iguodala also had part of their salary in Bitcoin.

Thompson says he did his part to Orange-Pill other NBA players and put them in Bitcoin.

“What I always say to my team’s guys, and maybe I decrease a lot, but I always say to the guys from my team that goes up in the crypto, the first thing you want to do is go to the OG, which is bitcoin,” he said.

“Because the way bitcoin works is a leak; everything must follow. He is a chef’s hunter,” he adds.

Thomson admits that he is obsessed with crypto. “I’m like a guy in the trenches,” says Thompson.

“I’m on crypto twitter as disparaging and looking at everything,” he said, laughing.

Why Thompson will never create “celeb same”

Thompson compares his prospects on the crypto now to many as when he was recovered for the first time in the NBA by Cleveland horsemen in 2011, at only 20 years old.

“The way I enter space is no different from that of being a recruit in the NBA; For me, it is a question of being part of the ecosystem, ”explains Thompson.

Given his profile and his love for crypto, the launch of a memecoin celebrity may seem to be the next obvious movement, but it is completely against.

“I would never like to launch a Tristan Thompson token,” he says. “It always comes with a feeling like a dark cloud.”

Thompson is well aware that there are grsions in the cryptography industry that would like to take advantage of his name.

“Whenever someone meets me, I already know if he just tries to make a token or drop a meme,” he laughs.

“One thing my mother has always taught me is that fast money is not good money.”

“I think that, unfortunately, too many athletes or celebrities have entered this space and extracted and removed instead of learning and becoming a ship or becoming an asset to help the space to grow,” explains Thompson.

In addition, Thompson does not need money. He may not be a billionaire Bitcoin, but he is fine. “Not arrogantly, but I made a lot of money, and I did very well for me in my player career and off the field,” explains Thompson.

That said, it is everything to negotiate even and admits that it was fairly frustrated at not having jumped on the coin of the same president Trump of the American president Donald Trump when he launched in January.

Thompson explains that he dined with his colleague player of the NBA Anthony Edwards when Trump’s play launched, and unfortunately he missed the notification.

“The game I give you the most kicks is that many of these tokens were locked. As 80% were locked, so even if people go out, like the first waste, the graphics will always be quite healthy, “he says.

Get down

The most engaging can be read in the blockchain. Delivered once a week.

Ciaran Lyons

Ciaran Lyons is an Australian journalist Crypto. He is also a standing actor and was presenter of radio and television on Triple J, SBS and the project.