According to CoinDesk, former Premier League soccer player George Boyd has transitioned from traditional investments to becoming a bitcoin ambassador for Jacobi Asset Management. Boyd, who made over 100 appearances in the Premier League and played in an FA Cup Final, initially dismissed bitcoin when it was valued at $1,800. Following conventional advice, he invested in real estate and stocks. However, his perspective shifted as he learned more about bitcoin, leading him to view it as a superior savings tool compared to property or stocks.
Boyd's journey into bitcoin began in 2020 during the Covid pandemic. Initially skeptical, he gradually understood the impact of the current monetary system on inflation and the limitations of traditional investment strategies. Boyd now advocates for bitcoin as a means of generating generational wealth, emphasizing its role as a store of value. He highlights the importance of distinguishing bitcoin from other cryptocurrencies and the benefits of self-custody. Boyd also critiques the conventional financial advice given to soccer players, advocating for bitcoin as a sustainable wealth creation tool.
Boyd's stance is not unique among sports personalities. NFL players like Russell Okung and Odell Beckham Jr., as well as Premier League's Kieran Gibbs, have also shown support for bitcoin. Peter Lane, co-founder of Jacobi Asset Management, notes that athletes have a unique earning window, with high earning potential but a limited timeframe. Retiring in their 30s, athletes need investments that can sustain them for potentially long retirements. Lane believes bitcoin is well-positioned to offer such long-term financial security. Boyd's shift to bitcoin reflects a broader trend among athletes seeking to secure their financial futures through innovative investment strategies.
