Crypto Community Advises NBA Star Steph Curry First Steps in Crypto
Star point guard for the Golden State Warriors, Steph Curry, tweeted earlier today that he is “just getting started” in crypto and looking for advice. Just getting started in the crypto game...y'all got any advice?? — St...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Star point guard for the Golden State Warriors, Steph Curry, tweeted earlier today that he is “just getting started” in crypto and looking for advice.
Just getting started in the crypto game...y'all got any advice??
— Stephen Curry (@StephenCurry30) September 7, 2021
“Just getting started in the crypto game...y’all got any advice?” Curry asked. Just last month, Curry also bought a Bored Ape NFT.
Following his tweet, several high-profile names in the crypto industry came to Curry’s aid.
Crypto enthusiasts offer Curry adviceOne of the biggest names who responded to Curry was Michael Saylor, founder and CEO of software company Microstrategy.
“Steph, I spent more than a thousand hours considering this question and chose Bitcoin. So far, I have purchased more than $3 billion in Bitcoin because I think it’s the future of digital property,” Saylor tweeted in response.
The Microstrategy CEO added that Curry was free to message him for further help.
Steph, I spent more than a thousand hours considering this question and chose bitcoin. So far, I have purchased more than $3 billion in BTC because I think it's the future of digital property. I have posted tons of free #bitcoin education on https://t.co/kZl3k7Tm4h (or DM me).
— Michael Saylor (@michael_saylor) September 7, 2021
Saylor is one of the most well-known Bitcoin advocates in crypto. Under his watch, Microstrategy amassed just under $5 billion worth of Bitcoin by February of this year, and it didn't stop there.
In April, the company announced that its board of directors was being paid in Bitcoin. In July, the company also announced it would sell $400 million in corporate bonds to buy even more Bitcoin.
Other big crypto names that came to Curry’s aid included Crypto Cobain—another popular crypto commentator on social media—and Alex Gladstein, chief strategy officer at the Human Rights Foundation and outspoken Bitcoin booster.
Frances Coppola, a finance columnist and staunch crypto critic, replied to the NBA star’s request with just one word: “Don’t.”
Don't.
— (((Frances 'Cassandra' Coppola))) (@Frances_Coppola) September 7, 2021
Golden State Warriors and cryptoCurry’s employers—the Golden State Warriors—are already involved in crypto.
The NBA franchise launched officially licensed digital collectibles this spring that commemorated the team’s NBA championships and most memorable moments.
“The digital collectibles excitement is palpable. We see NFTs and digitization of our business as a mainstay to engage our fans around the world,” said the Warriors’ chief revenue officer Brandon Schneider.
Golden State Warriors Release NFT CollectionThe collection included 25 editions of the franchise’s first NBA championship in 1947, and 50 editions of the team’s 2018 championship.
The auction took place on OpenSea, and ended on Saturday, May 1. A portion of all proceeds from the auction went to the Warriors Community Foundation—a charity that has granted over $20 million for educational initiatives in the Bay Area for the last nine years.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Marathon’s Utah Landfill Gas Pilot Shows Bitcoin Mining’s Energy Story Is Getting More Practical
Marathon Digital has launched a small Bitcoin mining pilot in Utah powered by landfill methane gas, and while the project is not h...
Tesla books $112 million crypto paper loss as digital assets fall to $674 million
The crypto market slump wiped $112 million from Tesla’s pretax second-quarter results. The unrealized loss reduced earnings for co...
State Department to Debut Freedom Tech Program with Bitcoin Policy Institute, Palantir as Founding Partners
Bitcoin Magazine State Department to Debut Freedom Tech Program with Bitcoin Policy Institute, Palantir as Founding Partners The U...
Bitcoin Policy Institute, Palantir and Anduril join US State Department’s Freedom Tech Excellence Program
The Bitcoin Policy Institute, Palantir and Anduril are partners in the U.S. State Department's Freedom Tech Excellence Program.
Bitcoin Miners Are Becoming AI Landlords. But Which Leases Are a Positive Investment Signal?
The best story in bitcoin mining hasn’t had anything to do with bitcoin in a long time. Years ago, this business (which long lived...
Hester Peirce Warns Crypto Vaults And Lending Strategies May Still Trigger Securities Rules
SEC Commissioner Hester Peirce has issued a new statement on crypto vaults and lending strategies, and the message is more nuanced...