certify
Home arrow Article arrow Article Detail

NFL player will receive an entire salary in Bitcoin

Profile Image

Shivangi Mujumdar Follow

INDIA

May, 03 2021

May, 03 2021

likes | comments 0

Article Image

According to?www.newsweek.com, the report says as of 26-April-2021 that Kansas City's Sean Culkin has become the leading NFL Player to Get Full Salary in Bitcoin. 

 

The player Sean Culkin will take the whole of his 2021 base salary (i.e., $920,000) in Bitcoin very happily. 

 

The fifth-year tight finish is the first National Football League performer to be paid completely in bitcoin. Aggressive tackle Russell Okung, who superbly monitored through on his statement to “pay me in bitcoin,” still proceeds half of his $13 million salaries in fiat. 

 

The Chiefs are conscious of Culkin’s preparation but his reserve agreement is still denominated in dollars, he specified. 

 

Sean, who's currently an NFL tight end, hopes to parlay his pass-catching capacity into new-world gold. 

 

Supported points you must know: 

 

Culkin, who's inflating his fifth NFL period and a fresh signee with the Kansas City Chiefs, has a bettor's chance at winning a Super Bowl ring in 2021 time. 

 

Yet Culkin hopes that occurs, he's betting a portion of his future with 100 per cent of his 2021 pay. 

 

Culkin will convert the first NFL player to have his complete salary in Bitcoin, business is the gold standard of this generation. He will be salaried a base salary of $920,000, salaried to him by the Chiefs in biweekly instalments. The currency will then directly convert into Bitcoin through an app called Zap. 

 

Taking 100% of one’s income in BTC might not be a sensible financial decision for everybody, Culkin confessed. But he said his financial expenses, risk limits and long-term conviction in bitcoin made it the right change for him. 

 

Culkin said he became alert of bitcoin in summer 2016 but it wasn’t till March 2020 that he initiated seriously considering it as an investment. One year later, Culkin is scheduled to swap his fiat income flow for bitcoin alone. 

He said he’s unfazed by the actual real option of market dips. Assault will repeatedly convert his cash paychecks to bitcoin no matter the worth. 


likes | comments 0

Profile Image

Shivangi Mujumdar

CBW - External Analyst

INDIA

Comments
Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.