Crypto's ties to sports raise ethical questions

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Sports fans who view their favorite players as role models might think twice before taking their financial advice, too.

“In retrospect, it was an unwise business association that put Curry and Brady together with bad company,” Mark Pritchard, a professor at Central Washington who has studied the intersection of ethics and sports, said in an email to The Associated Press. “Not sure how much due diligence was paid to the decision, but it does call to mind a Warren Buffet quote: ‘Be fearful when others are greedy and greedy when others are fearful.

Separately, dozens of athletes have endorsed crypto, and in doing so, have led some of their fans to follow suit — and others to The debate has become even more complex over the past five years, with the intersection between crypto, digitized artwork offered in the form of non-fungible tokens , legalized sports wagering and e-gaming, along with the ever-expanding virtual-reality Metaverse — all growing more popular among large factions of sports stars and fans alike.

One key moment came in 2020 when a few players, including Carolina Panthers Pro Bowl lineman Russell Okung, announced they would take all or some of their multimillion-dollar salaries in crypto.“So many purchase Bitcoin to become cash rich,” Okung tweeted not long after the announcement. “I bought it to be free from cash.” Not long after, Bitcoin.com proudly stated that the increases in the price of Bitcoin had essentially doubled the $6.

 

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If you take financial advice from commercials god help you

If your kid’s role model is a pro athlete then that’s a sign you should spend more time w/ them

Crypto is nothing but a Ponzi scheme. Some people do get paid but the majority lose as it’s not backed by anything

It was Jezebel

Shut up. You are worthless with this nonsense

As well as political advice!

Imagine anyone taking financial advice from a pro athlete

As opposed to every other endorser, or actor in a commercial?

should i sell all my dogecoin, tom brady?

To be fair, no one thought that SBF was gonna commit fraud.

Breaking News: Guys who get repeatedly bashed in the head for money make bad financial decisions

He was in commercial. For a fraud. The dnc yook 44 million. Reprt that! Oh yes it dont fit your narrative. Frauds antother bought and dnc controlled faux 'news,' outlet..pff

I take my finical advice from my accountant and actual financial experts. If you think athletes offer the best financial advice, you deserve what’s coming to you

300 million from Brady?

If you’re taking financial advice from your favorite players, you deserve to lose your money. Natural financial selection.

And not gambling ties?

If you do take financial advice from athletes etc, you deserve everything you get.

Or jack’s.

?

What % of pro athletes ultimately go bankrupt?

Attaching your name to a project doesn’t equal “advice”. Anyone thinking that they can sue are mistaken.

Anyone taking financial advice from an athlete deserves to lose their money.

Maybe, I dunno maybe, just take advice from a financial advisor who’s in “the biz…

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