After proudly owning some Bitcoin (CRYPTO: BTC), former NHL participant Zach Boychuk mentioned he rapidly turned hooked on the cryptocurrency market. This led to investing in a number of altcoins and in the end the launch of his personal cryptocurrency, Boychuk told the hosts of Benzinga’s “Moon or Bust” present.
Regardless of having a monetary advisor that informed him to steer clear of crypto, Boychuk mentioned he started investing within the altcoin area over the past three weeks.
“I’m massive on Ethereum [and] have lot extra Ethereum than Bitcoin,” Boychuk mentioned.
When requested one of the widespread questions in crypto — which one might be larger sooner or later? — Boychuk sees Ethereum (CRYPTO: ETH) as being price greater than Bitcoin.
One in all Boychuk’s early wins was Baby Doge Coin, which he invested in early.
“I put $1,000 in it and now I’m over 60x.”
Boychuk, who informed Benzinga he’s making an attempt to be taught every part about crypto that he can, mentioned that it was “good to have one thing like that occur in your first few weeks.”
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Boychuk Launches ZachInu Coin: After selling a number of altcoins, Boychuk mentioned he was contacted by a developer to launch his personal coin and agreed.
Within the first day of buying and selling, the ZachInu coin had a market capitalization of $1.5 million and was trending on a number of crypto websites.
“For me, it’s extra of a meme undertaking,” Boychuk mentioned.
ZachInu is the primary athlete meme coin, in response to the corporate’s web site.
Plans for ZachInu embody rising its Twitter following, selling the coin on TikTok and internet hosting “ask-me-anything” occasions.
NFTs Are Subsequent For Boychuk: One other space Boychuk want to become involved in is non-fungible tokens.
Boychuk mentioned a number of athletes are engaged on NFTs, and he’s open to teaming up with others and plans on doing exclusives that would embody giveaways to coin holder and NFT homeowners.
NFTs is also airdropped to ZachInu coin holders sooner or later, he mentioned.
Athletes And Crypto: Cryptocurrency has develop into a well-liked matter for athletes, in response to Boychuk.
“Each locker room that I’m in, there’s 5 to 6 guys constantly checking it,” Boychuk mentioned.
Again in 2017, Boychuk noticed teammates speaking about Bitcoin and looking for Bitcoin ATMs, however he had no thought about Bitcoin and mentioned he stayed away.
Many athletes began with shares and are actually investing in cryptocurrency, Boychuk mentioned.
Whereas many NFL gamers are asking to be paid in Bitcoin, Boychuk mentioned he hasn’t seen the identical demand from NHL or hockey gamers.
About Boychuk: Drafted 14th total within the 2008 NHL Draft, Boychuk played in 127 NHL video games. Boychuk performed for the Carolina Hurricanes, Pittsburgh Penguins and Nashville Predators.
“I began taking part in hockey after I was two years outdated,” Boychuk mentioned.
Boychuk remains to be taking part in hockey skilled with the 2020-2021 season spent with the Berlin Polar Bears in Germany.
Benzinga’s “Moon or Bust” airs Monday, Wednesday and Friday at 2 p.m. ET.