According to Anthony Pompliano’s interview on ‘The Best Business Show’, Saquon Barkley is using his marketing money to transfer it into bitcoin ( BTC ). Barkley also interviewed Jack Mallers, the CEO of Strike. The NFL running back stated that Mallers helped him learn about the technology. In order to convert to Bitcoin, the football player stated that he would be depositing directly his marketing money to his Strike account.
Barkley is expected to make around $8 million ($10 million) each year from his marketing endorsements. According to NJ.com data, the NFL player has endorsement agreements with Toyota, Pepsi Campbell Soup Company and Nike. Barkley explained to Pompliano that he had studied the effects of inflation on the economy. He believes that bitcoin is the best option because it reduces wealth accumulation.
“We are seeing inflation, and we’re discovering that wealth cannot be saved. Barkley stated that this is why he will be investing his marketing money in bitcoin. Barkley said that he can’t create wealth with the sport he plays, despite seeing the Lebrons and the KDs and the Bradys. The NFL running back explained that if you aren’t playing football for a year, it is possible to lose your rights.
Giants’ Running Back follows a great number of professional athletes turning to Bitcoin
Barkley isn’t the only NFL player to have converted funds into bitcoin ( Bitcoin). Russell Okung, the Carolina Panthers’ offensive lineman, also converted half of his salary in bitcoin. Okung was the highest-paid NFL player at the time when bitcoin was reaching all-time highs. As a result of the numerous announcements made this year, other professional athletes are also considering cryptocurrencies to get paid.
The Southampton Football Club, England’s Premier League soccer club, has now the option of bonuses being paid in BTC. In June, Landon Cassill (American professional stock car racing driver) told the public that he would be receiving crypto for the rest of the NASCAR season.
No. No. 1 NFL Draft Pick Trevor Lawrence claimed that he converted all of his signing bonus to cryptocurrency according to reports. Sean Culkin, a Kansas City Chiefs NFL football player, also stated that he would convert his entire salary to bitcoin in this year. The Sacramento Kings, an American professional basketball team, explained that it will allow everyone within its organization to have their salary in bitcoin.
Saquon Barkley won the NFL’s Offensive Player of the Year award in his first season. He has also done commercials for Hulu, a multimedia streaming company. Barkley and Baker Mayfield, the Cleveland Browns’ quarterback, appeared together in a Hulu commercial last year.
Barkley stated that he is aware that his NFL career may be affected by circumstances beyond his control, such as an injury. However, bitcoin can help him protect his wealth from erosion caused by other circumstances that he cannot control like inflation.