Surfing superstar Kelly Slater revealed launching his own cryptocurrency, claims it will not a fly-by-night coin

By Selena On Jul 20, 2021

It seems that the movement of self-made tokens of celebrities has not stopped. Recently, Kelly Slater, who is known as the greatest surfer of all time, revealed that he would consider launching his own cryptocurrency. Don’t know if this token can create any value in the future but as AZCoin News reported, Youtuber million subscribers TechLead was accused of scam after he launched a token called Million. Hope it doesn’t happen the same way this time.

Pro-surfer Kelly Slater

Kelly Slater shares plan to launch his own cryptocurrency

In a recent interview with The Gentleman’s Journal, Kelly Slater revealed that he is considering launching his own cryptocurrency. This token will be used to track the value of his wood recycling company.

Contrary to TechLead’s story, surfing superstar claims it won’t be just a “fly-by-night” coin:

“We’ll see if there’s something we can do that’s a positive one, and not a fly-by-night coin where people are just trying to make a quick buck overnight.”

Slater has jokingly dismissed the idea of calling his cryptocurrency “Woodcoin,” saying he will have to come up with better ideas. Although the surfing legend admits that he is not a crypto expert, he regularly discusses blockchain and is curious about Bitcoin and Ethereum.

“At the same time, it seems like there are people coming in who aren’t in it for its purpose…it seems to me there’s some manipulation going on with it and I’m afraid that’s what happens with stocks and companies in that way,” he is concerned about people manipulating cryptocurrency prices.

It can be hoped that Slater will make a difference as he himself does not like manipulation and evil attitude towards the cryptocurrency market. The evidence is that in May, he expressed a critical attitude to the behavior of Tesla CEO Elon Musk.

Slater blasted the Tesla owner on his Instagram Story, claiming Musk’s involvement has been bad for crypto:

Kelly Slater criticizes Elon Musk’s crypto practices

“Elon Musk and Tesla Motors proudly bought $1.5B worth of Bitcoin for around $34K in Feb. Elon comes out this week and says BTC mining is bad for the environment and they dump their Bitcoin for an estimated $804M in profits (but he’s still pushing dogecoin, a useless s***coin),” Slater wrote.

“So a guy who owns an energy company doesn’t understand this stuff before he buys it? Has no problem taking the profits. Does he have an issue with kids mining cobalt in the Democratic Republic of Congo to build batteries?

Instead of focusing on Bitcoin, Slater stated that Musk needs to focus on more pressing environmental problems:

“He could probably address and potentially help solve the real energy issues (68% of the energy produced in the US, for instance, is wasted … seems like a bigger issue to me which would solve any BTC problem).”

“I think Elon’s board and backers hate crypto and what it’s doing for the average investor and pressured him to put out a statement which they knew would inevitably tank bitcoin. I hope the SEC is taking a good look at this (and all of them who might be buying the dip today and this week in their private accounts)”, he concluded. “Interesting times. But Elon is bad for crypto.”

Despite contributing to the massive cryptocurrency rally with his social media influence and Tesla’s dollars, Musk turned into a villain for the Bitcoin community overnight after he announced that the e-car maker would no longer accept Bitcoin for payments due to its CO2 footprint, as AZCoin News reported.

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