Skip to main content

NFL Player for Kansas City Chiefs Sean Culkin to Convert 100% of Salary to Bitcoin

NFL Player for Kansas City Chiefs Sean Culkin to Convert 100% of Salary to Bitcoin

An NFL player for the Kansas City Chiefs, Sean Culkin, will convert all of his salary to bitcoin. A proponent of the cryptocurrency, Culkin said, “I believe we are in the beginning stage of bitcoin’s shift away from being extremely speculative, to a legitimate asset class viewed as a store of value.”

NFL Player Wants to Be 100% Paid in Bitcoin

Sean Culkin, a tight end for the Kansas City Chiefs, said he would take his 2021 salary in bitcoin. He is reportedly the first NFL player to convert all his salary to the cryptocurrency. Culkin tweeted Monday:

I fully believe bitcoin is the future of finance and I wanted to prove that I have real skin in the game — not just trying to make a quick buck. I will be converting my entire 2021 NFL salary to bitcoin.

The Kansas City Chiefs will pay Culkin’s salary in dollars, which will automatically be converted to bitcoin on a weekly basis through Strike by Zap, The Street reported, noting that his base salary is $920,000.

Culkin has been a bitcoin proponent. He tweeted on March 18: “My salary is league minimum. But if I’m buying bitcoin or better yet, paid in BTC. I’m one of the highest-paid players. Few understand.”

The KC Chiefs tight end was quoted by the news outlet as saying: “Considering my career — particularly its physical demands, and brevity – it makes the most sense to be paid in sound money that I believe protects its purchasing power over time.” He added:

From a macro standpoint, I believe we are in the beginning stage of bitcoin’s shift away from being extremely speculative, to a legitimate asset class viewed as a store of value.

Culkin has also put laser eyes on his Twitter profile. The meme has the underlying meaning that anyone donning the eyes is laser-focused on bitcoin’s price rising to $100,000. Politicians, celebrities, and investors have partaken and put laser eyes on their profile images.

A growing number of professional sports players are asking to be paid in bitcoin after Carolina Panthers offensive lineman Russell Okung announced that he received half of his $13-million salary in BTC. He had been asking to be paid in bitcoin since May 2019. To receive his salary in bitcoin, Okung also used Strike. Earlier this month, NBA Team Sacramento Kings said it will offer players the option of getting paid in bitcoin.

Do you think Culkin is doing the right thing to convert his entire NFL salary to bitcoin? Let us know in the comments section below.



from Bitcoin News https://ift.tt/3gBRA0R
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more