Way to go Russell Okung
Russell Okung announced in December he was converting half of his $13M salary into Bitcoin.
— Joe Pompliano (@JoePompliano) March 13, 2021
Bitcoin was $27,000.
Now, with the price at $61,000, @RussellOkung turned his $13M annual salary into over $21M.
This increase makes Okung one of the 30 highest-paid NFL players today. pic.twitter.com/xXX970Ng8H
You're only given a little spark of madness. You mustn't lose it. — Robin Williams
I'm still not sure if this deserves accolades or snickers...
Maybe this digital currency really is here to stay.
Pro athletes have a long and storied history of being savvy with their financial decisions.
@"BarrNone55" said: Pro athletes have a long and storied history of being savvy with their financial decisions.Not sure whether to like or laugh about that.
I just don't need of another type of investment at this point, to do any real research. The crypto currency markets just do not feel right to me, watched a story about investing in digital art and NFT's, I am really wary of it.
@"PurpleCrush" said: I still have no idea how Bitcoin works.Me either, not a clue
I am just giving the guy credit. He didn't hurt anyone. He is not in any kind of trouble. And when he did it a lot of people were like what the actual fuck. He came out ahead so good for him.
the only cryptos worth anything are tokens tied to actual assets. minerals, real estate, energy certificates, etc.
the rest is purely speculative
Good for Okung, but essentially this is a report on his investments...especially if he still has that money in Bitcoin, not yet converted from something which might decrease in value tomorrow.
As for this:
"This increase makes Okung one of the 30 highest-paid NFL players today."Did it change what the Panthers pay him? No. For all I know, Christian Ponder invested the entirety of his rookie contract in Netflix stock, and by Okung's logic Ponder was "paid" $373 million for his 4 years here.
@"BarrNone55" said:The NFL gave us our win with the sports betting. They said that was enough, lets put a lock on players making more money. Clowns· 33mDaniel KaplanNFL has put a hold on teams’ cryptocurrency, NFT deals for now as league assesses digital markets, my story via @TheAthletic https://theathletic.com/news/nfl-to-te
Bitcoin is almost double the original value when signing his contract. Smart move
@"Hawkvike25" said:The NFL is trying to figure out how they can control this situation. If a player suddenly makes more money, that isn't fair to the NFL, they need their piece of the pie.@"BarrNone55" said:The NFL gave us our win with the sports betting. They said that was enough, lets put a lock on players making more money. Clowns· 33mDaniel KaplanNFL has put a hold on teams’ cryptocurrency, NFT deals for now as league assesses digital markets, my story via @TheAthletic https://theathletic.com/news/nfl-to-te/sarcasm
@"BarrNone55" said:Meaning until the league figures out a way to profit from it themselves...they won't allow an association with it.· 33mDaniel KaplanNFL has put a hold on teams’ cryptocurrency, NFT deals for now as league assesses digital markets, my story via @TheAthletic https://theathletic.com/news/nfl-to-te
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