Why NBA legend Shaquille O’Neal hasn’t invested in crypto » Scammer News
Since retiring from the NBA in 2011, Shaquille O’Neal has reportedly amassed a net worth of more than $400 million. But the Basketball Hall of Famer says he’s steering clear of one popular investing strategy: cryptocurrencies.
“I don’t understand it,” O’Neal tells CNBC Make It. “So I will probably stay away from it until I get a full understanding of what it is.”
The former Los Angeles Lakers star says he’s not knocking others for trying it. In recent months, a slew of professionals athletes have ventured into cryptocurrency, from seven-time Super Bowl champion Tom Brady and New York Giants running back Saquon Barkley to three-time NBA champion Stephen Curry.
But, O’Neal notes, he’s wary of all the overnight success stories he’s seen surrounding digital currencies. “Every time somebody tells me one of those great stories. I like it. But from my experience, it is too good to be true,” he says.