Ricky Williams is a former NFL star, and now he's looking to the stars for investment advice. It's not unusual for professional athletes to turn to financial services after earning millions of dollars in their career and looking for ways to manage it. For Williams,…
Ricky Williams is a former NFL star, and now he’s looking to the stars for investment advice.
It’s not unusual for professional athletes to turn to financial services after earning millions of dollars in their career and looking for ways to manage it. For Williams, a former Heisman Trophy winner, the future is in astrology, and when he looked up, the stars aligned for him to buy cryptocurrencies. Williams told CNBC:
“When I look at things, I tend to look at astrology to get insight. The insight that got me interested in Bitcoin was the planet Uranus is about to enter into Taurus.”
In astrology, a new moon is synonymous with new beginnings, and for Williams, that means entering the cryptocurrency market. This month, astrologists have much to celebrate with the moon rising in Taurus, a sign of positive things to come. But in a rare occurrence, Uranus, which Williams describes using familiar cryptocurrency features like “revolution” and “innovation”, happens to be moving away from Aries and inching closer to Taurus, which like cryptocurrency prices is reflective of some volatility.
“We’re going to totally change the way we view and understand” the financial system, he told CNBC.
It gets deeper (so to speak). Pluto, which is now identified as a dwarf planet, is in retrograde with Capricorn, which Williams believes is a sure sign to re-examine financial “structures like banks.”
“I think as people are starting to become disillusioned with our institutions, that things like blockchain and cryptocurrency, it’s the perfect time for them to catch fire and really change the way we do things. So, you know, I had to get a little piece of that action.”
Williams is not the only NFL-er to have caught cryptocurrency fever. Richard Sherman, who helped lead the Seattle Seahawks to a Super Bowl win in 2014, is the spokesperson for cryptocurrency trading platform Cobinhood, which boasts no trading fees, though he reportedly dissuaded his grandmother from investing.
Williams is a former Heisman Trophy winner who spent 12 years with the National Football League (NFL) and one year with the Canadian Football League. He was the best in college, where he attended the University of Texas. But his NFL contract in the late nineties — though worth a potential $68 million — wouldn’t reflect that, given lofty milestones to earn that peak and a disenchanted Williams, and it is still looked to among future players as an example of how not to negotiate.
So when it comes to cryptocurrencies, Williams is playing it safe, pouring no more than $50,000 in to start. He told CNBC he “didn’t want to go crazy.” His cautious approach is understandable, considering he pocketed a reported $14 million out of that potential $68 million and he also lost millions in pay including athlete endorsements for failing drug tests.
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Last modified: January 24, 2020 11:08 PM UTC