Tom Brady says he is a “massive fan” of cryptocurrencies

Tampa Bay Buccaneers’ Tom Brady celebrates after winning Super Bowl LV on February 7, 2021.

Brian Snyder | Reuters

Seven-time Super Bowl champion Tom Brady said he was a “big believer” in cryptocurrencies and confirmed that he has bought digital coins.

“I don’t think it’s going anywhere,” Brady said Thursday on the CoinDesk Consensus 2021 forum. “I am still learning so much. It is definitely something I will be part of for a long time.”

“How we pay for things today is very different from how we paid for things when I was a kid,” said Brady. “Ultimately, it’s about transactions and how they happen between people in a 3 to 4 foot space … it’s no longer about exchanging dollar bills, it’s about sharing technology.”

“The world is changing, we all just have to understand that it’s constantly changing and you can either be ahead of the curve or behind it and I choose to be ahead of it,” he said. “As someone who wants to be on top of things, I will help create and adopt the trend and realize that the world is going there.”

Brady didn’t say which coins he bought, but he did signal an interest in Bitcoin. For example, earlier this month he changed his Twitter profile picture to “laser eyes,” which many Bitcoin enthusiasts do to show their support.

“I’ve been following this community on Twitter for a while, someone really asked me to change my profile picture and use the laser eyes,” he said. “In my opinion, it was a vote of confidence to really get into the conversation, as I’m such a fan of crypto and where things are going in the world.”

Brady doesn’t think NFL players will be paying with Bitcoin anytime soon. “Ultimately, that can’t technically happen. What they pay for is in dollars.” But he said it was “absolutely” a good vehicle for investing money.

“I definitely think there will be more solutions as this is more widely adopted,” he added.

Earlier this year, Brady announced an NFT platform called Autograph that will auction off digital content linked to the blockchain when it launches sometime this spring.

Interest in cryptocurrencies has increased over the past year as athletes, celebrities and business people invest in various digital coins believing that cryptocurrencies are a portfolio diversifier. The price of a single bitcoin, the world’s most valuable cryptocurrency, has increased more than 280% year-on-year, according to CoinDesk.

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