Bitcoin

An NFL player has already made $ 8 million after investing half his salary in Bitcoin

American Football League (NFL) professional player Russell Okung has already made $ 8 million since he decided to dedicate 50% of his annual salary to Bitcoin (BTC).

Okung, a well-known Bitcoin enthusiast, earns an annual salary of $ 13 million as a tackle for the Carolina Panthers. In December 2020, he announced that half of his contract, i.e. $ 6.5 million, would be invested in the cryptocurrency.

At the time of the acquisition, Bitcoin had just passed an all-time high from 2017. Trade at $ 27,000.

An NFL player has already made $ 8 million after investing half his salary in Bitcoin
An NFL player has already made $ 8 million after investing half his salary in Bitcoin

Four months later, when Bitcoin hit a new high of $ 62,000 last weekend, the NFL player was able to make a profit of $ 8 million on top of the amount invested and accumulate $ 14.5 million in Bitcoin.

With that, his annual salary has risen from $ 13 million to $ 20.5 million, with the prospect of further appreciation this year. If Bitcoin hits $ 100,000 this year, as some analysts predict, the NFL player could more than double his salary.

One of the top players in the American football league, with a total salary of over $ 108 million, Okung has played for the Seattle Seahalwks, Denver Broncos, Los Angeles Chargers and the current North Carolina team.

The history of cryptocurrencies goes back a long way. In 2020 it announced that it would support a startup app that offers Bitcoin rewards. In addition, he has already called for his salaries to be switched to Bitcoin.

In 2019, he also hosted an event to promote the widespread adoption of Bitcoin in the United States. The event took place in Los Angeles when the tackle was still playing for the Chargers.

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