Two NBA Players to Get Paid in Bitcoin

Benzinga 2022-01-11

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NBA Players Klay Thompson and Andre Iguodala have opted to take a portion of their next salary in Bitcoin. In a January 11 announcement on Twitter, Thompson told his 1.6 million followers that he was taking a part of his paycheck in Bitcoin because he believes “it’s the future of money.” The Golden State Warriors player also said that he would be giving out $1 million in Bitcoin to fans, along with his teammate and three-time NBA champion Andre Iguodala. Thompson and Iguodala partnered with Square’s Cash App to facilitate payment to fans. The two Golden State Warriors players join a list of athletes who have embraced Bitcoin payment, which was first started by NFL athlete Russel Okung in May 2019. In November 20221, NFL player Odell Beckham, Jr. opted to take his entire annual salary in Bitcoin and donate $1 million in Bitcoin to his fans through Cash App. As of this morning, the leading digital asset was trading at more than $41,000, having lost over 11% of its value in the last week. The overall crypto market is now valued at $1.95 trillion, down significantly from its all-time high of $3 trillion in November 2021.

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