Regardless of the rising tidal wave of professional sports activities figures who’re entering into cryptocurrency, Shaquille O’Neal doesn’t plan to be one in every of them simply but.
The retired NBA legend explained to CNBC in a recent interview why he’s personally cautious of investing in cryptocurrency.
“I don’t perceive it,” mentioned O’Neal. “So I’ll most likely steer clear of it till I get a full understanding of what it’s.
“Each time someone tells me a kind of nice [cryptocurrency success] tales, I prefer it,” the four-time NBA champion added. “However from my expertise, it’s too good to be true.”
Cryptocurrency and NFTs (non-fungible tokens) have lately exploded in reputation with the sports activities world. Within the NBA particularly, both teams in addition to individual players have begun embracing them.
As for O’Neal, he’s identified for the savvy investments that he has made since retiring from the NBA in 2011. O’Neal owns a number of eating places (together with 5 Guys, Auntie Anne’s and Papa John’s franchises) as nicely quite a lot of gyms and automotive washes. He’s additionally concerned with e-sports organizations and even was once a minority proprietor for the Sacramento Kings. It feels like O’Neal is prepared to stay with extra conventional investments like these over cryptocurrency, no less than for now.