Okung, an offensive tackle for the Seattle Seahawks, is one of the few prominent athletes to openly invest in Bitcoin. He first invested in the cryptocurrency in early 2017 and has been a vocal advocate for its adoption since then.
In May 2019, Okung made headlines when he announced that he was converting his entire $13 million annual salary into Bitcoin. This move made Okung one of the first professional athletes to be paid entirely in cryptocurrency.
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While the exact amount of Okung’s Bitcoin holdings is unknown, it’s safe to say that his investment has paid off handsomely. Bitcoin’s price has surged over the past year, and it is currently trading at around $11,000.
This means that Okung’s Bitcoin holdings are now worth over $100 million.
Okung’s decision to convert his salary into Bitcoin was a bold move that has paid off handsomely. His investment has given him a massive windfall and has put him at the forefront of the cryptocurrency revolution.
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When Russell Okung, an offensive tackle for the Los Angeles Chargers, signed a four-year, $53 million contract extension in 2017, he made headlines for something other than his football skills. Okung became the first NFL player to be paid in part with cryptocurrency, specifically bitcoin. At the time, each bitcoin was worth approximately $2,400.
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Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto in 2009.
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