First NFL player to convert all his salary into Bitcoin for 2021

Sean Culkin, a tight end for the Kansas City Chiefs in the NFL, will have his 2021 salary in Bitcoin.

Kansas City Chiefs player Sean Culkin is the first National Football League athlete whose entire annual salary is paid in bitcoin. Offensive tackle Russell Okung, who famously followed his “I'm getting paid in Bitcoin” statement, is still receiving half of his $ 13 million salaries in fiat.

Culkin himself made the announcement via Twitter, claiming that he “wholeheartedly” believes that the largest cryptocurrency is the future of finance.

Culkin will be stacking bi-weekly sats via Zap's Strike, the same fiat-to-bitcoin salary conversion service that Okung uses. The Chiefs are aware of Culkin's deal, but his reserve contract is still in dollars. Culkin said:

“Given my career - especially the physical demands and the shortness of time - it makes the most sense to be paid in healthy money that I believe will protect its purchasing power over time. From a macro perspective, I believe we are in the early stages of shifting Bitcoin away from extremely speculative value to a legitimate asset class viewed as a store of value. "

Culkin put his money in Bitcoin, which he calls the new gold standard, but with digital technology. Bitcoin can go up or down in value (like gold, silver, oil, stocks, and bonds), but it's cross-border like gold used to be.

Culkin isn't the only one venturing into the crypto world. Trevor Lawrence, the alleged top pick in this week's NFL draft, signed an endorsement deal with FTX's proprietary investment app Blockfolio and was paid in an undisclosed cryptocurrency, the New York Times reported.

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