As time has confirmed, with huge dangers come huge rewards, and typically these dangers might not pay out as they need to; with the latest crypto crash, NFL gamers that opted for a part of their contracts to be paid in crypto may lose a major amount of cash.
NFL gamers like Trevor Lawrence took the danger of driving the “crypto wave” and requested for his or her salaries and signing bonuses in Bitcoin and different cryptocurrencies as a type of investing and profiting in the long term, being conscious of the ever-changing values of digital currencies.
Action Network made an evaluation making an allowance for final week’s crypto crash and there’s a lot to say in regards to the numbers.
Speaking of Lawrence once more, the Jaguar’s quarterback may have misplaced ten million {dollars}
When he signed final 12 months, he was the primary total choose of the 12 months’s draft, and he made a cope with Blockfolio so they may convert his signing bonus which amounted to $22,630,055 to crypto, and now that bonus is value about $9.3 M.
Russel Okung from the Carolina Panthers
Another case can be Russell Okung that used to play OT for the Carolina Panthers, he grabbed the eye of the media when he transformed about $6.5 million into bitcoin, this resembled half his wage, and after the newest bitcoin outcomes, he has misplaced about $2.7 million.
Saquon Barkley from the New York Giants
A 3rd instance can be that of Saquon Barkley, who made a $10 million funding and misplaced $5.9 million, now he solely has $4.1 million, which is a 59% loss in a couple of weeks.
Action Network has made the disclaimer that the quantities depicted will not be solely correct since particular data has not been disclosed since it’s delicate monetary knowledge.
Big dangers huge rewards?
Having mentioned that, historical past might show speculators incorrect, nonetheless, till now the crypto market could be very risky and in relation to financials, there is no such thing as a certain factor.
