Last Sunday, Golden State Warriors superstar Klay Thompson of “Splash Brother” returned to the basketball court for the first time since injuring ACL at the 2019 NBA Finals. He lost 17 points on his emotional season debut. But his biggest score could have happened the day after the match.
“I’m back and changing it: I’m excited to join my salary with Bitcoin thanks to the Cash App!” Tweet.. “I have Bitcoin because I believe it is the future of money.”
Andre Igoudala, teammate and final MVP of Thompson and Warriors, announced a partnership with Cash App to receive a portion of Bitcoin’s (BTC-USD) salary and $ 1 million in Bitcoin for fans and followers. We carried out a present.
Last November 11, Odell Beckham Jr. signed a $ 4 million worth of deal with the Los Angeles Rams. Two weeks later, Star Wide Receiver Announced on Twitter He partnered with Cash App to receive the full amount of his new salary in Bitcoin.
The 29-year-old All-Pro Wideout has long been considered one of the league’s most popular players and had the seventh-selling jersey in the NFL in 2020.
Paid in crypto
Beckham Jr. is the latest in a herd of professional athletes and celebrities to enter the world of cryptocurrencies. In other football news, Trevor Lawrence, the first overall pick in 2021, has signed an approval deal with crypto investment app Blockfolio. This will cause him to pay a portion of the crypto assets.
Russell Okung, an aggressive lineman at Pro Bowl, became the first professional athlete in a major US sport paid in Bitcoin (via the crypto wallet app Zapp) in December 2020. It became a hot topic in the community. Okung converted half of his $ 13 million salary to Bitcoin at Zapp.
In April, Sacramento Kings owner Vivek Ranadivé announced that the team would soon allow all players and staff to accept Bitcoin salaries.
Prominent athletes like Aaron Rodgers have recently spoken more about crypto assets, partly because of lucrative back-door deals. Super Bowl champion and NFL active MVP Rogers also announced earlier last month that it would partner with Cash App to accept undisclosed salaries in Bitcoin. Considered by many to be the best NFL quarterback ever, Tom Brady bought a stake in cryptocurrency company FTX (FTT1-USD) earlier this summer.
The growing involvement of celebrities in cryptography reflects the growing popularity of cryptocurrencies among the general public. The historic run of Bitcoin in 2021 has resulted in cryptocurrencies reaching a record high of over $ 68,000 per coin in early November. In July, a study conducted by the University of Chicago research group NORC found that 13% of Americans traded some cryptography over the past year, more than half of what they invested in the stock market.
Cryptographic volatility is a consistent concern for potential investors. Bitcoin, the largest cryptocurrency by market capitalization, jumped from just under $ 30,000 per bitcoin at the beginning of the year to over $ 63,000 in April and again to about $ 30,000 in July.
So far, 2022 is off to the worst start since the launch of cryptocurrencies. Bitcoin and other cryptocurrencies are in a downward spiral as overall risky assets plunge in response to the increasingly hawkish Federal Reserve stance.
Ihsaan Fanusie is a writer for Yahoo Finance. Follow him on Twitter @IFanusie..
Follow Yahoo Finance twitter, Instagram, YouTube, Facebook, Flipboard, When LinkedIn
