The NBA world has extended its interests way beyond just basketball. The salaries of NBA players have increased exponentially over the years and rightly so. Subsequently, the players have invested a lot of their personal income in businesses, creating other income sources. Luka Doncic’s teammate is one of the players who are interested but wary of dipping his feet into unknown. The Dallas Mavericks star has taken lessons from the mistakes of Stephen Curry and Tom Brady.

Spencer Dinwiddie recently came on a podcast to explain his side of dealing with the Cryptocurrency market. The Mavericks star wasn’t so keen on giving any financial advice on the internet.

Spencer Dinwiddie refrains from giving financial advice on the internet

The Mavericks star must be enjoying his time in the league. Especially with his teammate Luka Doncic helping the team with their journey in the league. However, he’s quite careful about his money going into the wrong ventures.

In a recent Outta Pocket podcast, Dinwiddie sat down with the crew to discuss various things in life, including cryptocurrency. When asked about his thought on the strong cryptocurrencies of the time, the Mavericks star took his foot off the gas.

Trending

Billionaire Michael Jordan’s $20 Million Venture’s Identical Logo to Puma Gets Defended by Dwyane Wade: “I’m Not Even Getting Paid”

May 03, 2024 06:07 AM EDT

Ty Lue Doesn’t Want To Coach Lakers & LeBron James As Billionaire Steve Ballmer’s Charm Traps 47YO Veteran

May 04, 2024 06:42 AM EDT

Ties With $2.67 Trillion Worth Co. Reunites Ex-LSU Teammates Hailey Van Lith and Flau’jae Johnson to Bolster Their Financial Value

May 03, 2024 01:47 PM EDT

Billionaire Michael Jordan’s Drink With Derek Jeter Was Enough for Yankees Legend to Invest in $11.69 Billion Worth Industry

May 03, 2024 01:00 PM EDT

Brittney Griner Blasts WNBA for Ruining Angel Reese and Kamilla Cardoso’s Debut: “In No World Does It Make Sense…”

May 04, 2024 01:10 PM EDT

Get instantly notified of the hottest NBA stories via Google! Click on Follow Us and Tap the Blue Star.

Follow Us

“D*mn. See here’s the thing, I got a whole show called ‘not financial advice’ because you can get sued for sh*t like this,” said Dinwiddie. He continued to explain how if someone really had to invest, Bitcoin would be the safest option. 

Moreover, Dinwiddie mentioned that the current market conditions have forced him to focus on being “cash heavy”. There is ample reason for the Mavericks star to be worried about this as many current and former NBA stars have suffered in the FTX crypto crash.

23 Years Into Tom Brady’s NFL Career, 34-Year-Old Stephen Curry Unveiled His Personal Advice on Longevity: “What’s It Going To Take Me…”

The crash took the whole NBA world by storm, and even a few teams were affected following the 

FTX crypto crash took the whole NBA by storm

The FTX crypto crash was detrimental to a lot of people. Even established individuals like Stephen Curry, Shaquille O’Neal, and Tom Brady lost a lot of money. All of them were part of the company with equity holdings.

Watch This Story: “Ayesha and Stephen Curry’s ‘Eat. Learn. Play’, LeBron James’ ‘I Promise’ and other NBA stars biggest charities”

The crash also affected the Miami Heat as well. The team signed a multi-million dollar contract with the company for naming rights of their arena. A contract that had to be nullified in light of recent events.