If You Invested $1,000 In Bitcoin When NFL Star Saquon Barkley Took Endorsement Money In BTC, Here’s How Much You’d Have Today
Several professional athletes have announced taking salary or endorsement money in Bitcoin (CRYPTO: BTC) in recent years, including NFL superstar Saquon Barkley.
Here’s a look back at his decision and how much investors could have made following the NFL star running back.
What Happened: Barkley, who won a Super Bowl with the Philadelphia Eagles last season, made a surprising announcement on July 14, 2021, when he announced he would take 100% of his endorsement money in Bitcoin.
The endorsement money was converted to Bitcoin via Strike, a Bitcoin payments company.
“You see inflation. You see how high it is right now,” Barkley said at the time.
After missing time the previous season with an injury, Barkley discussed the dilemmas of having enough money in case his career was cut short.
“I’m gonna be taking my marketing money in Bitcoin,” Barkley announced on “The Best Business Show With Anthony Pompliano.”
When he entered the NFL, Barkley said his plan was to live off his marketing money and save his salary.
“This is the smart thing to do, the right thing to do.”
Strike CEO Jack Mallers joined the show and said he was proud of Barkley for taking the step to preserve his wealth for himself and his family.
“His cash is going to be worth half as less in five years,” Mallers said, citing inflation.
Mallers pointed out that the average NFL career is 3 1/2 years, providing financial uncertainties for athletes.
Barkley …
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