A Significant Chunk of the Wages of Sports Stars Like Aaron Rodgers and Klay Thompson Have Been Received in Bitcoin; How Far in Is Crypto in Sports? – EssentiallySports

Cryptocurrency is all the rage right now. Many celebrities and athletes have supported its hype. In fact, celebrity athletes like Packers’ Aaron Rodgers and Golden State Warriors, Kyle Thompson, accepted a chunk of their salaries in digital coins. It looks like bitcoin is slowly making its way into sports.

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A-Rod and the four-time NBA champ, Thompson, both collaborated with CashApp to accept a part of their salaries. 36% of employees under the age of 30 are more interested in getting paid in bitcoin. Also, 31% of employees between the ages of 30 and 44 are also keen.

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I’m BACK and changing it up: excited to take part of my paycheck in bitcoin thanks to Cash App! I’m with bitcoin because I believe it’s the future of money 🌚 Plus I’m giving out $1M in btc with @andre right NOW. Just follow @CashApp + drop your $cashtag below w/ #PaidInBitcoin pic.twitter.com/bUYC6SxkMj

— klay thompson (@KlayThompson) January 10, 2022

Warriors star, Kyle Thompson, returned after 900 days to play his first game. He declared on Twitter that he will accept his salary in the digital coin. Along with that, he made a donation of $1 million in bitcoin to fans. He used CashApp to make the transaction.

The future is bright for Aaron Rodgers

In November 2021, the Green Bay Packers star QB tweeted, “I believe in Bitcoin & the future is bright.” Through his tweet, he explained and announced that he would accept an undisclosed amount of his $22.4 million salary in cryptocurrency, and also that he partnered with CashApp for the procedure to go through.

I believe in Bitcoin & the future is bright. That’s why I’m teaming up with Cash App to take a portion of my salary in bitcoin today.

To make Bitcoin more accessible to my fans I’m giving out a total of $1M in btc now too. Drop your $cashtag w/ #PaidInBitcoin & follow @CashApp pic.twitter.com/mstV7eal04

— Aaron Rodgers (@AaronRodgers12) November 1, 2021

At the time of the announcement, the elite shot caller was also going through the loss of last year’s playoffs. But that wasn’t the only problems Aaron Rodgers suffered.

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After the 2011 Super Bowl champ revealed his partnership with CashApp, the value of the digital currency increased to $69,000. However, like his team’s postseason performance, the value dropped under $38,000.

Although the details about how much of his $33.4 million in earnings is related to bitcoins, he isn’t the only athlete to accept part of his wages in digital coins.

LAS VEGAS, NEVADA – JUNE 01: Aaron Rodgers takes part in the Bleacher Report Hot Seat Press Conference prior to Capital One’s The Match VI – Brady & Rodgers v Allen & Mahomes at Wynn Golf Club on June 01, 2022 in Las Vegas, Nevada. (Photo by Carmen Mandato/Getty Images for The Match)

Former Los Angeles Rams wide receiver, Odell Beckham Jr, also announced that he will do the same as Rodgers. When Beckham tweeted his decision, the value of bitcoins increased to a $60,092. Therefore, the total value of his $750,000 paycheck would have dropped to $465,000.

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