A sportsman with BTC is better than a sportsman with fiat money.

about 3 years ago

Investing in BTC has become quite a feat in recent days, it is no longer rare to hear that any company or celebrity decides to invest in bitcoin or support cryptocurrencies, and many of these people who decided to join the decentralized finance 3 months ago, now stan good results as is the case of Russell Okung, a profecinal player of the NLF, which since he decided in December that half of his annual salary was paid in bitcoin, and although criticized, that decision has seen how those 6. 5 million dollars have grown by more than 100%, reaching net earnings of more than 8 million dollars.

This is because okung decided and even demanded that 50% of his 13 million dollar contract be paid in bitcoin, and when this happened in December 2020, bitcoin was around $27K, but now 3 months later bitcoin is at $54,361 at the time of writing this article, and even though it has lost almost 8 thousand dollars from its highest price okung still has more than double what he invested.

Doing a quick calculation from the time bitcoin reached its all-time high last weekend of $61,712 . Russell's investment of $6.5 million quickly escalated to $14.5 million which would be more than 100% net profit.

Now, russell okung's annual salary at the moment is $20 million a year, but as bitcoin is likely to follow an upward path and increase in value, russell's salary will continue to steadily increase in value. For example, if bitcoin reaches the $100K that many experts and crypto twitter users argue and the conditions are in place for that to happen, okung's salary would reach a new appreciation of more than $30 million, which would make him the richest bitcoiner athlete ever.

But without a doubt, this will have a good repercussion on the industry, as this Okung pattern will repeat itself over and over again, so we will have hundreds of athletes from different sports demanding that their contracts be settled in bitcoin or another cryptocurrency, as they will also want to see their money gain value every month much faster than if it was in the bank. Also, we will see how cryptocurrency investment will now be given even more impetus, as it is becoming a serious and important analytical topic.

So there is still more to come.