Before the high of the digital coin in November, Rodgers said he was taking part of his salary in it. It plummeted after that.
Larry Radloff/Icon Sportswire via Getty ImagesGreen Bay Packers quarterback Rodgers said on November 1 that he was taking an undisclosed amount of his salary in the virtual currency. The Super Bowl champion has more troubles now that his legacy is under pressure.
The value of the digital coin peaked at more than $69,000 after Rodgers proclaimed his love. His team's performance in the playoffs fell below $38,000, a 45% decline.
It's not clear how much of his $32 million of earnings this season are linked to the digital currency, but he isn't alone. The Los Angeles Rams wide receiver said he was taking his new salary in the virtual currency. The full value of Beckham's $750,000 salary would have been reduced by 37% if the price of Bitcoin had reached $60,092 on November 22.
Forbes estimates that at least eight North America-based professional athletes have placed a part of their salary, bonus or endorsement earnings into some form ofcryptocurrencies. Los Angeles Angels pitcher Shohei Ohtani, Jacksonville Jaguars quarterback Trevor Lawrence and Detroit Pistons guard Cade Cunningham are among those. Tom Brady and Stephen Curry are just two of the stars who have gotten involved without necessarily investing.
Timing is everything. The majority of athletes have seen their initial investments decline, but some may still be in the black. Russell Okung, a former offensive lineman in the National Football League, put half of his $13 million salary into the digital currency. New York Giants running back Saquon Barkley, who has publicly said he plans to take all future endorsement money in Bitcoin, would be up 14% from the date of the announcement.
The data is provided by Messari.io.
All Rights Reserved © 2024
