From first downs to crypto: A former NFL player gets into digital assets

When things don't spell arsenic planned successful your career, uncovering opportunities successful different fields is the mode to spell according to Lewis Neal, a former  National Football League (NFL) antiaircraft tackle.

Speaking to Cointelegraph astatine the Blockchain Economy Dubai Summit 2022, Neal shared the communicative of however helium went from playing nonrecreational shot to exploring the concern world, yet starring him to Bitcoin (BTC) and crypto wallets.

Lewis Neal with Cointelegraph newsman Ezra Reguerra. Photo by: Roland Guirdonan

Neal explained that his expectations were precocious erstwhile helium started football. Like galore aspiring nonrecreational sports guys, helium thought that helium would beryllium the prima of the show. However, things didn't crook retired arsenic helium hoped. He said:

“I thought I was going to get a batch of playing time. But during that year, I was a backup. [...] So, I had to make different accomplishment that tin beryllium life-changing for my household and myself. So, that's what drove maine to get into the fiscal industry.”

By then, the erstwhile shot subordinate went to commercialized currencies, futures and commodities earlier helium yet recovered retired astir crypto. "As you trade, you get exposed to different plus classes. And that's precisely however I got exposed to Bitcoin and different plus classes successful the crypto space," helium said. Eventually, helium became the CEO of a crypto wallet task called Kryptic.

Related: Houston Texans becomes archetypal NFL squad to merchantability crippled suite with crypto

Given his acquisition arsenic a forex trader, Cointelegraph asked Neal to stock his thoughts connected the recent autumn of fiat currencies similar the euro and the pound. According to Neal, contempt Bitcoin’s dependable performance, it whitethorn inactive autumn arsenic the United States dollar gains ground. He explained:

“The marketplace is going to travel the system astatine the extremity of the day, adjacent if it's Bitcoin. So, conscionable due to the fact that Bitcoin is dependable doesn't mean it can't fall, right? Because if you look astatine the dollar, the U.S. dollar is gaining spot against each large currency.”

When asked astir Web3 technologies similar nonfungible tokens being utilized by sports professionals to prosecute with fans, Neal said that it’s important to simplify things and empower the athletes by making the idiosyncratic acquisition simpler. “I've been successful the locker room, a batch of them don't adjacent cognize however to download a wallet and bargain a cryptocurrency,” Neal said.

Neal underscored that athletes should beryllium capable to bash it themselves truthful that they tin person implicit power implicit their marque and not person 3rd parties bash it for them: “We person to marque it casual for it to go wide adopted by athletes.”