Why this NBA star believes crypto can replace traditional banking
The NBA star breaks down why he's betting big on cryptocurrency.
Tristan Thompson isn’t afraid to make bold moves—whether on the court or in the world of investments. The NBA star joined TheStreet to discuss why he's betting big on cryptocurrency.
Related: NBA star Tristan Thompson launches basketball analytics tool
Full Video Transcript Below:
TRISTAN THOMPSON: I'm so I'm definitely big into the crypto Web3 space. You know I went to token in Singapore. I have a crypto podcast called courtside crypto, which basically for me it's, whenever you talk to people that are in the crypto space, right? They use a lot of words that people don't understand or can't gravitate. For me, it's like being the bridge to gap, because at the end of the day, do I look at the crypto world is that I feel the cup is about 90% to 95% full, right? All those people in that space, they're all in the pot. But in our world, in the web, two world is what they call it the normies. I feel like it's to be conservative, maybe only 8% full of the cup, which means there's a 92% cup that needs to get full, right? Because the world is changing. You see, with them talking about building out a Bitcoin reserve here in America, right? Right now you can use your USDC to, to pay for, for regular things. I know I use my own USDC card to pay when I go to restaurants, right?
I mean, listen, I can use my I can tap to pay right now. And by McDonald's with my crypto right now. Right so for me, it's like, how can I take the web2 audience and integrate both worlds and combine them into one? And for me, with my pockets and my platform, I feel like I'm able to articulate and help people onboard and understand in a way that's very simple. My base. This is my base. My goal is how can I take the gentleman that works at the concession stands in the arena, instead of him going to a. No disrespect to none of these financial institutions instead of going to H&R Block and fidelity and give them your biweekly check to invest for you. How about you learn how to take more financial freedom? Because I feel like crypto is it's gaining back your financial freedom, where you can open a wallet, where you can do DeFi and yield and make 1% a day on your money. Right my whole goal is to help people create financial freedom and help their life grow.
