Russell Okung Becomes First NFL Player to Be Paid in Bitcoin

[the bossman]

shoutout to s2f , we know the truth

I've seen some calls on Bitcoin potentially hitting 100 to 500k. He got long money, and Bitcoin isn't going anywhere, so I'm going to go on to say, he's straight.

If you know you know

 

[boskey]

Dude is one of those “free thinking” idiots

 

[ConPHIdential]

Those who been in the game long enough know to just buy and hold. Seems like dude already has mode enough money in the league where he can pull this off.

 

[Kenny West]

Okung

@heisenburrr get in here

 

[BlackBall]

 

[KING WILL]

A small otc company I'm invested in released a pr today saying it purchased $2Mill in Bitcoin. I'm on the fence about it. But reading the article, this seems to be the new wave for some companies.


Like bigger companies are purchasing 100's of Million dollars of bitcoin. 1 company most recent purchase gave them a billion dollars worth of bitcoin.



I think b4 2021 is over, well be hearing about this more and more.

 

[KING WILL]

With that said, I do wonder what the benefits are in doing it this way vs simply buying the bitcoin on your own.

Maybe he doesn't have to pay taxes on it??? Technically hes not "cashing" half of his check.


Maybe this is like that employer the Neveda yrs back that paid his employees in gold so they could avoid being taxed on it..

 

[Tribal Outkast]

 

[Neo. The Only. The One.]

This is a smart/dumb move.

I actually think having some money tied up in bitcoin is smart, but "half" of it is flat out stupid as volatile as the currency is.

I couldn't ever watch my 6 million turn into 500k in a week's time even at the chance it could be 9 million in 5 years.

Be suicidal brehs

 

[Hoshi_Toshi]

Panthers’ Russell Okung Becomes First NFL Player to Be Paid in Bitcoin,” the headline proclaimed — and soon, ones just like it started sprouting up across the web, with sports publications, tech publications, and mainstream media outlets alike jumping to tell how the Carolina Panthers offensive lineman finally fulfilled his spoken desire to get paid in cryptocurrency.

Unfortunately, the headline isn’t true. “Not accurate,” an NFL spokesperson tells me, adding that “his people are converting some of the money into bitcoin” after he gets paid in US dollars, just like every other NFL player.


Okung’s own team, the Carolina Panthers, also confirmed to The Verge that teams pay their players in US dollars.

By that standard, anyone can get their salary “paid in bitcoin” anytime they want: just go buy some bitcoin with your salary after it arrives, which is probably what the company that Okung is pumping — Zap — is hoping you’ll do when you see he’s repping it online

No, NFL player Russell Okung is not being paid in Bitcoin

 

[Cynic]

Nah breh every dollar of that 13 mill counts. Those dudes bills are in a whole different lane. Its no lie when its said that most athletes are living check to check. I've seen it personally and couldnt believe it.

Most doesn't mean all of them.

BTC has potential to perform better than fiat.

 

[ahomeplateslugger]

good move. bitcoin is going to be looked at as one of the best investments a couple of years from now.

 

[heisenburrr]

I dont understand... why would you want to get paid in a form of currency that is volatile quickly gaining and losing value every time somebody sneezes??

Am I missing something brehs?

Maybe because it's the best performing asset in the world for the last decade

 

[heisenburrr]

Breh my bestfriend is an NFL star. Alot of my former college teammates are playing and have played in the NFL. Those salaries are nothing to play around with because once its over, its a very high percentage that you will never see checks like that again. Add to the fact most players dont want to downgrade their lifestyles either. All it takes is a bad injury, very bad investment, bad marriage, lawsuit, etc and everything you worked for is in jeapordy. I hope Okung succeeds but thats some risky ass shyt he is doing. Im not his accountant or financial advisor so maybe they gave him solid advice. Im just giving my opinion

Okung's been stacking for couple of years already. He's a smart mofo who's already had massive ROI. I wouldnt worry about him

 

[feelosofer]

Those who been in the game long enough know to just buy and hold. Seems like dude already has mode enough money in the league where he can pull this off.

This. Russel Okung has made over 100 million as a player in NFL, he knows how to handle his money.