Former NBA star Wilson Chandler is currently playing in the Chinese Basketball Association, but his past investment in the cryptocurrency bitcoin has him gloating about the rapid growth that’s boosted his personal finances.
The reason for Chandler’s boasting stems from the fact that the value on Saturday reached over $33,000 for one bitcoin.
That meteoric rise continues what had been tripling in value during 2020, an incredible move upward for a currency that has only been around since 2009.
At least part of the allure of bitcoin is based on the feeling that it serves as a safe haven during times of economic turmoil, something that was clearly evident throughout 2020.
The value of bitcoin first began to rise in 2013, though it’s uncertain exactly when Chandler began his investing in the cryptocurrency.
Chandler is currently enthusiastic about his investment, though the cryptocurrency’s volatility could conceivably result in a steep plunge at some point in the future.
While the 33-year-old Chandler keeps an eye on his investments, he’ll continue to play for the Zhengjiang Guangsha Lions. Whether or not his efforts on the court eventually lead him back to the NBA is unknown, but for now, his finances appear to be in good shape.
The New York Knicks advanced to the second round of the playoffs by beating the…
The Houston Rockets were knocked out in the first round of the playoffs in the…
If the Milwaukee Bucks could go back in time and not fire Adrian Griffin for…
Some members of the Houston Rockets regret trading for Kevin Durant last offseason, sources told…
The Milwaukee Bucks are expected to pursue a trade for Los Angeles Clippers star Kawhi…
Las Vegas Raiders defensive end Maxx Crosby only cares about winning. The five-time Pro Bowler…