This Is The Reason Why Naomi Osaka Is Interested In Dogecoin

Japanese tennis player Naomi Osaka is interested in investing in Dogecoin. (photo: doc. between)

JAKARTA – The growing interest in the cryptocurrency market has caught the attention of tennis star Naomi Osaka. What made the Japanese tennis player in Cryptocurrency originally started as a joke.

“I actually just talked to my agent about cryptocurrencies”, Osaka told Bloomberg last week. “I know that online, things just get bigger. I remember reading about Dogecoin that something new and exciting was about to emerge”.

Osaka is a savvy businesswoman who last year overtook Serena Williams as the world's highest-paid female athlete, earning most of her income from the tennis court. She has deals with Nike, Sweetgreen, Barbie and Nissan, and other manufacturers.

She cited the limited time that professional athletes have to make money as a boost to his interest in finance.

"As athletes, our careers weren't very long, so I really like being really smart with it", said Osaka. "I love it when my agent tells me there's an opportunity".

“My boyfriend really likes getting up in the morning and checking his things. I'm not personally the one to do that, but I can see the appeal", continued Osaka.

Superagent Leigh Steinberg, who represents NFL quarterbacks Patrick Mahomes and Tua Tagovailoa, recently detailed the difficulty of limited income windows for some professional athletes in an interview with MarketWatch.

Naomi Osaka said she had spoken to her agent about investing in cryptocurrencies, but did not specify whether or not she had bought.

Osaka, who is competing at the US Open this week, is the second-highest-paid tennis player in the world. She only lost to Roger Federer tennis player from Switzerland.

Similar to bitcoin BTCUSD, and ethereum ETHUSD, Dogecoin is a peer-to-peer open-source cryptocurrency. Dogecoin trades under the ticker symbol "DOGE" and features the Shiba Inu face from the popular Doge meme as its logo.

The cryptocurrency cult following has been taken to new heights over the past two years, garnering interest from business moguls such as Tesla owner Elon Musk and billionaire Mark Cuban.

Dogecoin DOGEUSD, has gained 8.270% over the past 12 months but is back down 8.8% over the past three months.

Not all investors are cryptocurrency bulls, as one billionaire John Paulson predicts cryptocurrencies will “go to zero.” Even Dogecoin founder Billy Markus said earlier this year that the rise of crypto is “not something I can understand”.