Cleveland Cavaliers veteran big man Tristan Thompson couldn’t contain his excitement as Bitcoin soared past $85,000. Taking to social media on Monday, Thompson shared his joy over the cryptocurrency’s remarkable climb, which has coincided with major market movements following Donald Trump’s presidential election victory over Kamala Harris last week.
Bitcoin’s historic surge was boosted by the post-election market optimism, with the Wall Street Journal reporting that Trump’s win had significant ripple effects. The Dow Jones Industrial Average closed above 44,000 for the first time, as investors welcomed the potential for eased regulations and increased economic activity. “Donald Trump’s seismic election victory kept reverberating through markets,” the Wall Street Journal wrote, “sending bitcoin prices surging above $87,000.”
Thompson’s public celebration suggests he may have a personal investment in Bitcoin, aligning his financial interests with the broader market rally. The cryptocurrency’s massive gains have thrilled investors worldwide, but analysts caution that market volatility could still pose risks as economic policies evolve.
While Thompson’s focus on financial markets has drawn attention, the 11-year NBA veteran is also part of something special on the basketball court. The Cleveland Cavaliers are off to a sensational start this season, boasting an 11-0 record—the best in the league and the only undefeated team. Despite his limited role this season, Thompson’s experience continues to be an asset for the young Cavaliers squad.
In just five games this year, Thompson has averaged 2.0 points and 1.0 rebound in 5.2 minutes per contest, shooting an efficient 71.4 percent from the field. With Evan Mobley and Jarrett Allen anchoring the frontcourt, the Cavs hope to keep their core players healthy and minimize the need for heavy minutes from their veteran leader. Last season, Thompson appeared in 49 games, providing critical mentorship while averaging 11.2 minutes per game.
The Cavaliers narrowly escaped defeat on Saturday night, rallying to beat the Brooklyn Nets 105-100 at home. As they prepare to face the Chicago Bulls on Monday night at 8 p.m. EST, Thompson and the team look to extend their perfect start.
Thompson’s passion for both basketball and Bitcoin illustrates the intersection of sports and financial markets, where success can be unpredictable but thrilling. As the season and market trends unfold, the veteran forward’s investments and contributions to the Cavaliers will be watched closely. With market conditions ever-changing, experts advise balancing optimism with a measured approach, reminding investors to be mindful of the risks even amid historic highs.
