![]() "I will not be using speculative currency to buy Knicks tickets again. "But at the same time, if you start to harp on this stuff you're going to be immobilized, you're going to be frozen and not be able to function."Īnd while Taub lives in Miami now and is considering driving up to Atlanta to catch the Knicks next week, he had a blunt answer when asked if he'll consider paying with crypto again. "In hindsight, clearly it would be nice to have the money," he tells CNBC Make It. Though he wouldn't mind having the extra bitcoin in his wallet, he doesn't regret making the trade. Talking about it now, Taub can't help but laugh. "They got blown out," Taub says, adding that his beloved Knickerbockers "wore their ugliest jerseys." At bitcoin's all-time high price of $64,829 earlier this year, the bitcoin Taub traded for the seats was worth $49,840.Īnd to add insult to injury, the Knicks lost the Christmas Day game 123-94, with Kevin Durant dropping 29 points and Russell Westbrook adding 10 assists. The transaction has only gotten worse with age. In 2017 Taub tweeted that the tickets were "looking like they could become the most overpriced tix of all time" when he realized they were worth $5,000. It wasn't until years later that it dawned on him how lopsided a trade he had made. On top of that, as an employee of the e-commerce company Dwolla, Taub was early to bitcoin and had bought some when it worth just $4 per token. When you buy Pistons-Knicks game tickets from Vivid Seats, you can purchase with confidence thanks to our 100 Buyer Guarantee on all confirmed orders. Taub, now the CEO of social networking start-up Upstream, says that at the time, getting Christmas Day tickets and not needing to spend any cash made it feel like he was getting into Madison Square Garden for free. New York Knicks tickets from Vivid Seats, North Americas most trusted ticket marketplace, and be there in person for the big Knicks vs. As of Saturday morning, one bitcoin was worth $38,219, making the value of those tickets just shy of $30,000. When Taub bought his tickets with 0.7688 bitcoin, one token was worth about $730.
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