Basketball Star Ben Simmons Is Making Bench Fashion a Thing

NBA superstar, Ben Simmons, isn’t having the best season of his career. In fact, he hasn’t played in almost a year due to a grave back injury. To make things worse, Simmons is yet to play a game with his new team, the Brooklyn Nets.

Basketball Star Ben Simmons Is Making Bench Fashion a ThingWhile his basketball career is on a halt, his off-court presence as a fashion influencer has never been better. Simmons is known to favor the typical “NBA style” vibe – designer clothes mixed with more casual garments.

Simmons Has Upped His Fashion Game Since Joining the Nets

When he played for the Philadelphia 76ers, Ben Simmons could often be seen in the pre-game tunnel wearing everything from luxurious Givenchy clothing to simple streetwear from Kith. But since his trade to Brooklyn, the three-time NBA All-Star has seriously improved his fashion game.

During a recent event, Simmons perhaps reached his fashion max by pairing a green lambskin leather jacket with matching shorts. The head-turning outfit is from Prada and was complemented with a white Supreme T-shirt and covetable white Nike x Sacai sneakers.

But this isn’t the only time that the NBA star looked dashing while supporting his teammates from the bench. During the season, Ben Simmons has been seen wearing Dior knitwear and footwear, a Louis Vuitton jersey-style sweater with matching Jordans, and a myriad of Prada garments and high-end Nikes.

Ben Simmons Is a True, True Sneakerhead

An interesting fact about Simmons is that he loves to color-match his footwear with his clothing, which is the tell-tale sign of a genuine sneakerhead. One can easily assume that the NBA All-Star has more top-tier looks up his sleeves, which he will most likely showcase as the season goes on.

Simmons is clearly making a statement that basketball players can look good while sitting on the bench next to their teammates. He is slowly, but surely, making bench fashion a thing!

Bitcoin Falls 50% From Record Highs, “Crypto Winter” Is Coming

a Bitcoin up close
Bitcoin Falls 50% From Record Highs, “Crypto Winter” Is Coming

As crypto investors reel from the precipitous decline in the value of bitcoin and other digital currencies, some believe the worst is yet to come.

Bitcoin, the largest virtual currency in the world, fell below $33,000, its lowest level since July. It has subsequently returned beyond the $36,000 barrier but is still roughly 50% off its November record high of about $69,000.

Over $1 Trillion Losses in Value!

Meanwhile, the whole cryptocurrency market has lost more than $1 trillion in value since bitcoin’s all-time high, as popular tokens like ether and Solana have fallen drastically in tandem with the No. 1 digital currency. Since November’s peak, ether’s value has more than halved, while Solana’s value has fallen by more than 65 percent.

A visual concept of a crypto winter
Bitcoin Falls 50% From Record Highs, “Crypto Winter” Is Coming

This has some crypto investors discussing the likelihood of a “crypto winter,” a term that refers to major bear markets in the market’s brief history. The most recent instance of this occurred in late 2017 and early 2018 when bitcoin fell by up to 80% from all-time highs.

Crypto Winter Is Coming…

David Marcus, the former head of cryptocurrency at Meta, the parent company of Facebook, appeared to accept that a crypto winter has already arrived. “It is during crypto winters that the best entrepreneurs develop the best enterprises,” he wrote in a tweet. This is once again the moment to prioritize solving genuine problems above pumping tokens.”

Nadya Ivanova, chief operating officer of BNP Paribas-affiliated technology research group L’Atelier, believes a crypto winter has not yet arrived — but the market is “currently in a cooling off stage.” That may not be such a bad thing, she suggests.

Crypto’s demise has coincided with a sell-off in global stocks. According to experts, the engagement of huge institutional funds has resulted in greater integration of digital assets with traditional markets.

Since the start of the year, the S&P 500 has lost 8%, while the tech-heavy Nasdaq has lost more than 12%. Additionally, the correlation between bitcoin’s performance and the S&P 500 has been increasing recently.

SP500 vs BTC Correlation (30 day moving average)
Bitcoin Falls 50% From Record Highs, “Crypto Winter” Is Coming

Traders are concerned that prospective interest rate hikes and aggressive monetary tightening by the Federal Reserve may deplete market liquidity. The US central bank is considering such moves in response to rising inflation, and some analysts believe they could signal the end of an era of ultra-low interest rates and sky-high valuations — particularly in high-growth sectors like technology, which benefits from lower rates because businesses frequently borrow money to invest in their operations.