Kansas City Chiefs tight end Sean Culkin covert entire salary to Bitcoin. He becomes the first NFL player to do so. He converts his entire salary to Bitcoin using the mobile payment app Strike.
Sean Culkin 27, signed a reserve/future contract in February for Chiefs and will receive $920,000 if he makes the roster. He is vying to become the primary backup to six-time pro bowl tight end Travis Kelce. As of Monday afternoon, one bitcoin was worth a little more than $53,000. If he were to convert his paycheck into Bitcoin today – the price will be different when Culkin actually converts his check- he would own about 17.3 bitcoin.
Culkin has recorded two receptions for 36 years in 19 career games with Los Angles charges and Baltimore Raveens. But he said the upcoming season would be his first for converting his paycheck to Bitcoin.
“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,” Culkin Wrote Monday on Twitter.
Former Carolina Panthers offensive tackle Russell Okung converted half of his $13 million salaries from 2020 into Bitcoin.
“To be honest, I don’t really view it as an extremely high-risk play,” Culkin said, according to the Kanas city stars. “I zoomed out to the bigger picture. You see an asset that grew to a trillion-dollar market cap in 12 years, which I don’t think has been done in any other asset, the fact that it’s had three, four five corrections of 50 plus percent here, we are all-time highs. When I started to break away from viewing volatility as risk, it didn’t seem a very risky to me.”
A few weeks back, Microstrategy also announced that it would pay its board of directors in Bitcoin. And now, the NFL player Sean Culkin announced that he would convert his entire salary to Bitcoin. This shows that people started using cryptocurrency as an asset and a store of value like Gold. People are investing in it and receiving a salary in it, with the notation that the value of the same will increase with time.
