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NBA Star Spencer Dinwiddie Starts Bitcoin GoFundMe Account, Says Fans Get to Choose His Next Team

May 18, 2020

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NBA star and outspoken crypto enthusiast Spencer Dinwiddie has organized a GoFundMe campaign that seeks to raise nearly $25 million worth of Bitcoin.

According to the GoFundMe page, Dinwiddie says he will allow his fans to determine which NBA team he signs a one-year contract with if the campaign raises enough money to buy 2,625.8 Bitcoin. His current contract with the Brooklyn Nets expires after the 2020 – 2021 NBA season. The Brooklyn Nets guard also says that if the campaign fails to hit the target, he will donate 100% of the funds to charity.

The campaign is Dinwiddie’s way of engaging with his fans, according to the NBA player’s statement to Shams Charania, a writer for The Athletic.

“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.”

Other than a small say on where Dinwiddie will play next, it is not clear what the fans will get by participating in the multi-million dollar campaign. The NBA player also did not state whether he plans to keep all the Bitcoin should the fundraiser hit its target.

At time of writing, the GoFundMe page has raised $1,010 from 94 donors.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Featured Image: Shutterstock/Billion Photos