Odell Beckham Jr. Loses Most Of His Salary After Bitcoin Dips

Odell Beckham may be regretting choosing bitcoin for his salary.

When OBJ signed on the dotted line with Rams, he opted to take his entire salary into Bitcoin. When he did this, Bitcoin was in the midst of breaking new all-time highs, and was worth $64,000 per coin. This seemed like it could be a good investment, however, a local top came quickly and ultimately shattered the price of Bitcoin.

As reported by Darren Rovell, OBJ’s entire salary is now worth $413K as opposed to $750K. Not to mention, once you factor in taxes, he has only made around $35K, which is enough money for just one Bitcoin.

See below:

Twitter reacted to the news:

Rovell and another reporter did argue over his take on OBJ’s salary:

OBJ isn’t exactly hurting for money,  so  he can hang on to the bitcoin for several years until he’s ready to cash out.

But we’ll see if athletes continue to get paid in Bitcoin with its current volatility.

The juice might not be worth the squeeze.


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