NFL Star Odell Beckham Jr. to Receive his $4.5M Salary in Bitcoin (BTC)

NFL Star Odell Beckham Jr. to Receive his $4.5M Salary in Bitcoin (BTC)

Odell Beckham Jr. has inked a partnership deal with Square CashApp to receive his entire $4.25 million salary for the 2021-2022 NFL season with the Los Angeles Rams in bitcoin (BTC). As part of the partnership deal, Beckham will also be giving away $1 million worth of bitcoin (BTC) to his fans on Twitter.

Odell Beckham Jr. Embraces Bitcoin (BTC)

Odell Beckham Jr., a three-time National Football League (NFL) Pro Bowl receiver that joined the Los Angeles Rams this November, has become the latest sports superstar to join the cryptocurrency bandwagon.

Per sources close to the matter,  the 29-year-old American football player who signed a one-year deal worth $4.25 million with the Los Angeles Rams, has opted to receive his entire pay in BTC, thanks to a partnership with CashApp.

As part of the partnership deal, the award-winning athlete whose net worth currently stands at $25 million, according to MARCA,  will be giving away $1 million in bitcoin (BTC) to his fans and followers via Twitter.

“It’s a NEW ERA & to kick that off I’m hyped to announce that I’m taking my new salary in bitcoin thanks to @CashApp. To ALL My FANS out there, no matter where u r: THANK YOU! I’m giving back a total of $1M in BTC rn too. Drop your $cashtag w. #OBJBTC & follow @CashApp NOW,” he tweeted.

Mixed Reactions

While cryptocurrency proponents like Anthony Pompliano, a successful tech entrepreneur and bitcoin podcaster, MicroStrategy’s Michael Saylor and others, have touted Beckham’s bitcoin adoption move as a forward-thinking one, some observers have condemned it.

Despite the super volatile nature of bitcoin and other cryptocurrencies, blockchain-based digital currencies have proven to be better financial investment instruments and a solid hedge against hyperinflation over the years and this has contributed to the massive adoption of these assets across various sectors of the global economy.

In the past year alone, the price of bitcoin (BTC) has risen by more than 210 percent, the world’s second-largest crypto, ether (ETH) has surged by over 587 percent and other altcoins, including Cardano’s ADA (1,063 percent), have also increased significantly in value, according to Google Finance.

So far, a good number of celebrities, sports icons, captains of industries, notable politicians, and even ordinary individuals have embraced crypto. With more amenable regulations across nations, these innovative assets will gain mainstream adoption sooner than later.

Ogwu Osaemezu Emmanuel

Ogwu Osaemezu Emmanuel is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Emmanuel believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.