NFL star Odell Beckham Jr. may be having the last laugh against critics of his decision to take his salary in Bitcoin.
When Beckham opted to convert his 2021 base salary of $750,000 from the Los Angeles Rams to Bitcoin as part of an endorsement deal with the Block-owned (NYSE:XYZ) Cash App, critics were quick to argue that he was making a mistake. These critics only grew louder as a market crash ensued the following year, which saw Bitcoin lose nearly 80% of its value.
“Sooooo Bitcoin is at an ALL TIME high today...safe to say we still happy with our decision,” he said on X on July 14 as the asset surged to record highs above $120,000.Even if you are not earning $750,000 and you are not rich enough to put all your salary into investment yet, accepting bitcoin for your salary sounds a good deal. Some people are worried about the fluctuations in the market but as long as the employer gives you the equivalent amount of btc in usd, I think there should be no problems, am I not right? The good thing is if you are planning to put your salary in bitcoin to invest, you do not need to convert it into bitcoin since it was given to you in bitcoin already.
It could only have that two possible ways on which the situation or price would be able to go through on which it would be that going up and down on which we know that these kind of decisions doesnt end up on being that easy on a certain individual but since we are talking about some athlete on here on which have decided on taking up Bitcoins instead of fiat and then there's no shocking about seeing those salary being paid in Bitcoin form. People would be always have something to say in regardless about into the outcome of someones decision in life but actually it would be just that giving out that possible options whether you have chosen or just simply decline. If you do have those hopes that it would be having that potential then you can always decide to opt in and doesnt matter on what others been saying.
Now that the price is indeed on all time high then that decision you had made is actually racking up some profits now and for those who had been able to missed out those opportunity to make money then they are that on huge regret as of the moment as they are that considering on whats the current prices.