8 athletes paid in cryptocurrency

new york, NY, USA – Now more than ever, professional athletes are strengthening themselves to become better business people with the goal of preparing themselves and their families better for life after the fight.

Smart investment decisions can make or break an athlete’s career after games, and when someone makes millions of dollars (not to mention someone in their early twenties or even late teens), it’s easy to make mistakes. Athletes, like the rest of us, look to the future in hopes of figuring out what the next economic shift will look like in hopes of not missing out on the boat. Many believe that the next economic shift will be cryptocurrency and blockchain technology. Just as companies like Cloudbet enter the cryptocurrency space with authority by allowing users to place bets solely in cryptocurrency, so many professional athletes do so by converting a portion of their salary or accepting payment sponsorships in cryptocurrency. Here are nine of the most notable athletes to switch to:

NFL

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Aaron Rodgers

Green Bay Packers quarterback and reigning NFL MVP Aaron Rodgers in partnership with the Cash App last November and accepted an undisclosed portion of his $ 33.5 million salary in bitcoins. “Bitcoin over the moon,” Rodgers said in a Twitter video announcing the partnership. “Bitcoin is a new concept and it can be scary,” Rodgers warned, adding that he would also give $ 1 million worth of bitcoin to his fans to make the cryptocurrency more accessible to his fans.

Odell Beckham Jr.

Just weeks after Rodgers announced his deal with Bitcoin, wide receiver and triple Pro Bowler Odell Beckham Jr. announced. a similar deal with the Cash App that took his new Los Angeles Rams salary (worth up to $ 4.25 million with incentives, all of which were later discounted when the Rams won the Super Bowl in February) in bitcoin. Beckham Jr. also announced a $ 1 million giveaway to BTC fans. “This is the start of a new era,” he said in his Twitter video. executive order. “I look forward to the future.”

Saquon Barkley

New York Giants Running back and former Offensive Player of the Year Saquon Barkley announced in July last year that he would convert 100% of his revenue from endorsements and marketing deals to bitcoin through the payment app Strike. Barkley pointed to rising inflation as the reason for the change. “We’re learning that you can not save wealth,” Barkley said on “The Best Business Show” when announcing his decision. He also said he was aware of his long injury history and the importance of investing smartly for him because of it: “When you’re out of football for a whole year, you realize this match could be taken.” Pro Bowler has signed sponsorship deals with major brands such as Nike, Pepsi and Toyota, worth over $ 10 million a year, according to to sports writer Joe Pompliano.

Trevor Lawrence

Back in April, cryptocurrency investment app Blockfolio signed then-ACC Athlete of the Year Trevor Lawrence to a multi-year approval agreement days before he was ranked No. 1 in the 2021 NFL Draft by the Jacksonville Jaguars. In what was then a new deal, all of Lawrence’s signature bonuses were deposited directly into his Blockfolio account in the form of a variety of cryptocurrencies such as bitcoin, ethereum and solana.

NBA

Klay Thompson and Andre Iguodala

It is only fitting that two of the athletes pushing blockchain technology forward play for a Bay Area-based team. Golden State Warriors Wings Thompson and Iguodala, key members of the Dubs dynasty over the past decade, also jumped on the Cash App bandwagon in January, accept part of their salary in bitcoin. Iguodala has made further progress in Silicon Valley since joining the Warriors in 2013 – one of the first companies he invested in was acquired by eBay in 2015.

Cade Cunningham

Like Trevor Lawrence, Detroit Pistons Guard Cade Cunningham was already aware and dived into crypto before playing a single match in the big league:[email protected]is. The Oklahoma State alum signed an agreement with cryptocurrency platform BlockFi last August, just weeks after being named No. 1 overall in the NBA Draft. As part of the deal, Cunningham received its BlockFi signing bonus directly in bitcoin.

MLB

Shohei Ohtani

Los Angeles Angels pitcher / designated hitter Shohei Ohtani has signed a deal with cryptocurrency exchange firm FTX, which called him “The Great Cryptohtani.” Ohtani became a global ambassador for the company and accepted payment in the form of cryptocurrency with FTX equity.

WWE

summer rae

In January, WWE pro wrestling superstar Summer Rae (real name Danielle Moinet) announced that she wanted part of her WWE Royal Rumble game converted to bitcoin, ethereum and litecoin, becoming one of the first known female athletes to accept part of his salary in cryptocurrency. . “It’s a great way for me to save and diversify my portfolio,” Rae said said of crypto on Fox Business in January.

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Press release distributed by The Express Wire

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