‘Soooo Who Said Taking My Rams Salary In Bitcoin Was Dumb Again?’ Odell Beckham Jr.’s $750,000 Crypto Payday Now Soars Past $1 Million
Forum TalkCommunity Forum / Forum Talk 1 month ago 66 Views 0 comments
In 2021, NFL star Odell Beckham Jr. famously took his salary from the Los Angeles Rams in bitcoin, a move that some celebrated as forward thinking and others criticized as risky. Converting his original $750,000 salary through a deal with Cash App, Beckham was part of a wave of athletes experimenting with cryptocurrency as compensation. He converted his salary at bitcoin’s peak of $64,158 in 2021.
Odell Beckham Jr. (Photo via Instagram, https://www.instagram.com/p/Cv0ZunqRa2N/?img_index=5)
Then the crypto market cooled.
But it seems Beckham isn’t one to panic and he waited out the downslide, even though Beckham’s investment plummeted in value, sinking as low as $401,500 during the “crypto winter” of 2022, MarketWatch reported.
Now Bitcoin’s back on the upswing, fueled by market optimism and pro-crypto policies promised by President-elect Donald Trump. For now, Beckham’s gamble is finally paid off. As of November 13, Bitcoin is trading around $93,000, putting Beckham’s initial investment at approximately $1,052,000 — if he held onto his investment.
Who Stupid Now?
Beckham hasn’t confirmed whether he held onto all of his initial bitcoin or cashed out, but he did post on X on Nov. 13, “Soooo who said taking my Rams salary in bitcoin was dumb again?”...
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