Sean Culkin becomes the first NFL player to convert his full annual salary into Bitcoin
The Kansas City Stars reported that Sean Culkin, a Kansas City Chiefs player, has become the first player in the American Football League, and his full annual salary will be paid in Bitcoin.
Culkin announced the news via Twitter, claiming that he “fully” believes that the largest cryptocurrency represents the future of finance.
I fully believe that Bitcoin is the future of the financial industry, and I want to prove that I have a real skin in the game, not just trying to make money quickly. I will convert all NFL salary in 2021into Bitcoin.
In December of last year, Russell Okung became the first NFL player to start using Bitcoin to earn a salary, but his 13-point salary of $13 million was split between 50-50 between cryptocurrency and fiat currency.
Given the impressive operation of Bitcoin in 2021, Okung has already made considerable profits from the focus of Plan B, encouraging other professional football players to follow his lead.
Like Okung, Culkin earns an annual salary of $920,000 through cryptocurrency startup Zap twice a week. His contract is still priced in U.S. dollars, which is why it must be converted to sats.
On Monday, Blockfolio, a portfolio tracking application owned by cryptocurrency exchange FTX, also revealed an endorsement agreement with Clemson quarterback Trevor Lawrence.
“The strictest tax”
Culkin, who recently has an impressive background in the financial sector, has always been a staunch supporter of Bitcoin. In a Twitter post in February, he outlined his views on cryptocurrencies, opposed printing money, and described inflation as the “strictest tax”:
For the sake of brevity, Bitcoin is a fixed supply, designed to preserve your wealth for a long time.
The 27-year-old football star claimed that inflation caused the fall of the Roman Empire.