NBA Draft Prospect Jonay Porter is Also a Crypto Fanatic

NBA Draft Prospect Jonay Porter is Also a Crypto Fanatic

One of the NBAs latest prospects is Jontay Porter. The 18-year-old has high hopes for the future. Firstly, of course, hes wanting to be picked in Junes draft. Secondly, hed love to help his team, the Missouri Tigers, win the NCAA Tournament that theyre competing in. Finally, hes hoping for a big rebound off the court in the cryptocurrency market.

An Enterprising Young Mind

In a recent interview with the Kansas City Star, the young NBA hopeful spoke of his interest in cryptocurrency and how he himself was invested in Bitcoin, Litecoin, Ethereum, Ripple, and Tron. He told the publication about how he approached putting together his diverse crypto portfolio:

I did my own research, obviously; thats what you should always do if youre investing Im obviously not going to put all of my money in cryptocurrency.

He started by buying $300 worth of Bitcoin. This was followed by smaller purchases of more crypto assets using his student-athlete allowance.

Unfortunately, the Tigers leading rebounder was forced to cash out some of his investment. He explained to the Star how he had been bought a used SUV by his parents. Owing them the money back and with no way to pay it yet, he was forced to sell half of his crypto assets. He was, however, careful to keep some skin in the game as hes optimistic of a rebound in the markets:

I was kind of sad, because [the market] was about to bounce back. But my mom needed it right away.

Missouri Tigers assistant coach and father of the budding basketball star turned investor, Michael Porter Sr., told the publication about his sons inquisitive mind. He said, hes always been a thinker. Meanwhile, Lisa Porter, the teenage athletes mother added:

He had the gumption to just do it All my other kids would really debate over it.

From a young age, Jontay had an inquisitive mind and sought ways to turn that into financial gain. In the Sixth Grade, he started dismantling, repairing, and jail-breaking his iPhones. This transformed into something of a business. Hed advertise his repair services for cracked screens and the like on CraigsList. He always made sure to undercut the local businesses offering the same services in his town.

Of course, Jontay Porter isnt the first athlete to embrace cryptocurrency. The US Winter Olympic luge team famously declared that theyd accept Bitcoin donations for their medal challenge this year. Unfortunately, Olympic rules prohibited the team from wearing any Bitcoin branding on their official uniforms. This is a real shame too as the event was held in crypto-loving South Korea and had the whole worlds eyes upon it.

All of us at here NewsBTC are hoping that Jontay Porter is successful in his bid to make the big time as an NBA star. Hell certainly become one of the higher-profile proponents of Bitcoin if he does. Hopefully, he wont be shy about plugging his investment interests in his post-match press conferences too!

16.03.2018 / 14:19 13
Thailand Delivers First Draft Of Digital Asset Regulations Thailand Delivers First Draft Of
Thailand could be just two votes away from confirming cryptocurrency and ICO regulations. Thailands government issued drafts of cryptocurrency and
Poll Suggests Young Romanians Want to Pay with Crypto Poll Suggests Young Romanians Want to
More than half of Romanians living in cities know about cryptos, and 60 percent of people under 40 believe they are the future of payments. Half of
Forget Air Miles, This Credit Card Firm to Give Customers Cryptocurrency Forget Air Miles, This Credit Card Firm
Want to get into cryptocurrency but the volatility and exchange fees put you off? This startup might have the ideal solution a credit card that
Google Searches for Bitcoin Drop to Five Month Low Google Searches for Bitcoin Drop to
Google searches using the keyword Bitcoin are down since the manic run of buying in late December. This marks the lowest interest based on Google
NFL Star Richard Sherman: Invest in Cryptocurrencies Responsibly NFL Star Richard Sherman: Invest in
NFL Star cornerback and infamous trash talker Richard Sherman went on Business Insider to put crypto-haters in their place. Have you lost money in
Russia Eyes Summer Deadline for New Cryptocurrency Laws Russia Eyes Summer Deadline for New
Russia is reportedly hoping to pass long-discussed new cryptocurrency legislation by this summer. Published today, a report from Russia's Parliament
Comments (0)
Add a comment
Comment on