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NBA star’s $38 million bitcoin gamble

Spencer Dinwiddie and bitcoin go together like peanut butter and jelly.The Brooklyn Nets guard, who signed a three-year, $US34 million deal in 2019, and then subsequently went about trying to convert that into a “digital investment vehicle” is up to his crypto shenanigans again.This time, Dinwiddie is auctioning off his next free agency move.Dinwiddie, who…

Spencer Dinwiddie and bitcoin go together like peanut butter and jelly.

The Brooklyn Nets guard, who signed a three-year, $US34 million deal in 2019, and then subsequently went about trying to convert that into a “digital investment vehicle” is up to his crypto shenanigans again.

This time, Dinwiddie is auctioning off his next free agency move.

Dinwiddie, who was asked whether he’d delete his Twitter account for 100 bitcoin, said it would take 1000, before raising the stakes.

“I’ll double down,” Dinwiddie tweeted. “Y’all crowdfund 2625.8 btc I’ll sign a minimum contract for my next deal with the team that y’all vote for.

“I’ll give y’all a month to make it happen lol.”

According to Dinwiddie, who has a player option after the 2021 season, if fans can reach the $US24,632,630 ($AU38 million) target on GoFundMe, he’ll sign a one-year deal with the organisation of their choosing.

“I’m simply creating this GoFundMe as my commitment to my previous tweets,” he wrote on his personal fundraiser.

“As of now 2625.8 BTC is roughly equivalent to $24,632,630 USD. If we hit the target then I will allow the fan base to determine my next team decision and sign a one-year contract at that destination.

“If we do not hit the target goal then I will be donating 100% of this campaign to charity. Fan engagement comes in all shapes and sizes, let’s have fun folks!”

Dinwiddie also released a statement via The Athletic’s Shams Charania: “Shoe companies and endorsers influence team decisions all the time. My/our biggest endorsers will always be the fans, so I want to have some fun with this while we’re all under quarantine.

“I hope no owners/team personnel participate so there’s no impropriety on this one of a kind endorsement deal.”

Dinwiddie was averaging 20.6 points, 3.5 rebounds, and 6.8 assists per game before the 2019-20 NBA season was put on hold.

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