THELOGICALINDIAN - An NFL amateur for the Kansas City Chiefs Sean Culkin has abutting the ranks of players and athletes ambitious to accept their salaries in Bitcoin and added cryptocurrencies
Why NFL Players Aim To Score Big With Bitcoin
The National Football League (NFL) bound end declared that he would be converting his absolute 2021 bacon into bitcoin. He said this in a alternation of tweets on Monday. He tweeted:
“I absolutely accept Bitcoin is the approaching of accounts and I capital to prove that I accept absolute bark in the bold — not aloof aggravating to accomplish a quick buck. I will be converting my absolute NFL bacon to #Bitcoin,”
The Kansas City Chiefs will pay Culkin’s bacon in dollars, which will automatically be adapted to bitcoin on a account abject through Strike by Zap, The Street reported, acquainted that his abject bacon is $920,000. He tweeted on March 18: “My bacon is alliance minimum. But if I’m affairs bitcoin or bigger yet, paid in BTC. I’m one of the highest-paid players. Few understand.”
In a cilia beforehand in the year, Culkin likened the accident of affairs Bitcoin to allotment independence.
“Sure, I’d selfishly adulation to acquaintance the accolade for bold the accident of affairs BTC now. But the way I see it, in the accident it doesn’t appear in this lifetime, my kids will be financially set. Talk about generational wealth!” He said in February.
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Culkin’s move to about-face his bacon to BTC is a arresting move to assure the brevity that comes with career NFL players. He believes that if he’s paid in the avant-garde cryptocurrency, he will be able to assure his purchasing ability overtime.
“Considering my career — decidedly its concrete demands, and brevity – it makes the best faculty to be paid in complete money that I accept protects its purchasing ability over time,” he said in a statement. He added:
“From a macro standpoint, I accept we are in the alpha date of bitcoin’s about-face abroad from actuality acutely speculative, to a accepted asset chic beheld as a abundance of value.”
How Cash Salary Gets Instantly Converted To Crypto
The Chiefs will pay his bacon in dollars, which will automatically be adapted to bitcoin on a annual abject through Strike by Zap. That’s an appliance that enables users to accomplish bitcoin payments via coffer annual or debit card. Culkin’s abject bacon is $920,000.
Culkin has additionally afflicted his Twitter contour account to the laser eyes, a meme in the crypto association acceptation laser-focused on Bitcoin’s amount hitting $100,000 soon.
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A growing cardinal of able sports players are allurement to be paid in bitcoin afterwards Carolina Panthers abhorrent lineman Russell Okung announced that he accustomed bisected of his $13-million bacon in BTC. He had been allurement to be paid in bitcoin back May 2019. NBA Team Sacramento Kings said, beforehand this month, it will action players the advantage of accepting paid in bitcoin. Trevor Lawrence, the presumptive top aces in the accessible NFL draft, additionally signed an endorsement accord with FTX-owned crypto portfolio tacking platform, Blockfolio
Culkin may be right. But if he’s wrong, his bacon could abate in amount quickly. Bitcoin plunged 14% aloof from April 19 to April 24. However, it has regained about 7% aural the aftermost 24 hours.
