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:

The amount of people applauding players changing their salary into Bitcoin as if they were heroes has been comical.

Rams WR Odell Beckham Jr., at least in the moment, provides a cautionary tale. pic.twitter.com/uW0QDdJrYy

— Darren Rovell (@darrenrovell) January 23, 2022

Twitter reacted to the news:

Uncle Sam don’t fuck around 😂😂 https://t.co/g7PrzergEQ

— Nelson. 🅱️✝️Ⓜ️📶 (@syrenels) January 24, 2022

Sic semper crypto nerds https://t.co/B5q8QvGJUV

— Spinnywiggles (@spinnywiggles) January 24, 2022

You say 'cautionary tale', I say an inspiring story of light in the darkness and water in the desert of this day. https://t.co/XXHPtHvw4L

— Coffeemancer Vanvidum (@Vanvidum) January 24, 2022

Thoughts and prayers. https://t.co/bvxOKYc7oS

— Grady Booch (@Grady_Booch) January 24, 2022

Fucking hilarious. https://t.co/m1Pqt1o5zb

— Chris “That one guy” Murphy (@PNWEngOfDoom) January 24, 2022

(Oh, and his body can literally snap like a twig, too.) https://t.co/HJBYSuehwZ

— War is no fun anymore. (@KraftTea) January 24, 2022

Ouchie Wowie. @landoncassill you doing ok bro? https://t.co/tIifzrqMBJ

— Denny Hamlin (@dennyhamlin) January 24, 2022

lmfao https://t.co/bEfRAnVymK

— Robert Evans (The Only Robert Evans) (@IwriteOK) January 24, 2022

Volatility is great if you want to speculate on something, less great if you want to use it to buy things. https://t.co/3mS4Yr7RFa

— Matt Boyd (@3PSboyd) January 24, 2022

People should understand that these celebrities are often getting paid–REAL MONEY–to promote Bitcoin by making these announcements. And usually cash out as quickly as possible. All the while laughing at their fans who were influenced to be the lowest tier of the Ponzi scheme. https://t.co/5K13aR2cPI

— Cheryl Lynn Eaton (@cheryllynneaton) January 24, 2022

I’m currently *barely* making more than OBJ this year thanks to this blunder.

Amazing. I guess I’m an NFL caliber teacher! https://t.co/bbgI92oDJJ

— Chaz Hill (@ChazHill22) January 24, 2022

Remember, buy the dip… https://t.co/OBxHS9ds6G

— Chet Faliszek (@chetfaliszek) January 24, 2022

This is why I don’t take Crypto scam seriously
Stop fn around with it people
It’s a borderline pyramid scheme https://t.co/vCgLljtZgV

— NR_Garrett (@NR_Garrett) January 24, 2022

bunch of crypto bros attacked me for saying this earlier in the year 😭 https://t.co/efmJ8fxm1n

— The #QuadFather™️🇮🇹 (@AGold_89) January 24, 2022

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

I know this fits your narrative, but it's simply not true.

1. The deal was announced on Nov 22nd, not Nov 12th.

2. NFL players get paid weekly, not 100% upfront.

3. Cash App paid him 7-figures in marketing money — that's more than his entire contract with the Rams.

— Joe Pompliano (@JoePompliano) January 23, 2022

1. The deal was done on the 12th.

2. The aggregate payment has been completed. It doesn’t matter when he got paid.

3. There’s no accepting of any responsibility here. Like you calling everyone a “legend” for doing anything in Bitcoin.

— Darren Rovell (@darrenrovell) January 23, 2022

Why? Why does it deserve to have that expectation. I’ll hang up and listen. And previous short history is not eligible as an answer.

— Darren Rovell (@darrenrovell) January 23, 2022

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.

Welcome to the game outside the game! Follow us on our Sideaction Twitter handle, Instagram, and Facebook for the latest on sports and pop culture news across the web!