This NFL player is the first to convert his entire salary into bitcoin
Kansas City Chiefs tight end Sean Culkin announced on Monday that he will take the entirety of his 2021 base salary 맥스카지노 reportedly around $920,000 맥스카지노 in bitcoin.
"I fully believe Bitcoin is the future of finance," Culkin said in a social media post. "I wanted to prove that I have real skin in the game 맥스카지노 not just trying to make a quick buck."
Culkin 맥스카지노 who signed with the Chiefs in early February and played his college football at Mizzou 맥스카지노 is the first NFL player to be paid entirely in bitcoin, according to .
Offensive tackle Russell Okung, who famously followed through on his declaration to "pay me in bitcoin," still takes half of his $13 million salary in fiat, .
Culkin will start stacking biweekly sats via Zap맥스카지노s Strike, the same fiat-to-bitcoin salary conversion service Okung uses. The Chiefs are aware of Culkin맥스카지노s arrangement, but he said his reserve contract is still denominated in dollars.
"Taking 100% of one맥스카지노s income in BTC might not be a wise financial decision for everyone," Culkin . But he said his financial expenses, risk parameters and long-term conviction in bitcoin made it the right move for him.
"Professional athletes today operate as independent businesses and are more sophisticated investors than they맥스카지노ve ever been before," Zap CEO Jack Mallers said in a statement.
"We맥스카지노re excited to help facilitate the growing intersection between sports and finance by converting his entire NFL salary to bitcoin."