Remember The NFL Player Who Took Salary In Bitcoin? How Much Would His Earnings Have Grown?
Portfolio Pulse from Chris Katje
NFL player Russell Okung became the first athlete in North American major sports to receive part of his salary in Bitcoin, converting 50% of his $13 million salary in 2020 through Zap's Strike product. Assuming the conversion rate was $27,370.72 per Bitcoin, Okung's Bitcoin salary would now be worth $16,149,663.21, based on a current price of $68,004.28 per Bitcoin. Okung, known for his passion for Bitcoin, continues to support it on social media.
March 15, 2024 | 6:25 pm
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Russell Okung converted 50% of his $13 million NFL salary to Bitcoin in 2020, which would now be worth $16,149,663.21 based on the current Bitcoin price.
The article highlights Russell Okung's significant investment in Bitcoin by converting half of his 2020 NFL salary into the cryptocurrency. Given the substantial appreciation in Bitcoin's value since then, this move has likely garnered attention and could influence others' perception of Bitcoin as a viable investment option, potentially impacting its demand and price in the short term.
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