When it comes to Bitcoin, NFL players are cashing in. While some team owners and league officials have been critical of the cryptocurrency, players have been quick to embrace it as a way to make some extra cash.
In fact, a number of NFL players have even started investing in Bitcoin-related businesses.
One of the most notable examples is Denver Broncos linebacker Von Miller. In 2014, Miller partnered with a company called GAW Miners to launch a Bitcoin mining operation.
NOTE: This warning note is to inform you that NFL players are not officially paid in Bitcoin. While some individual players may be accepting Bitcoin as payment for certain transactions, this is not an official policy of the NFL. Therefore, it is important to be aware that any transactions made using Bitcoin as payment should be done so with caution and at your own risk. Additionally, it is important to remember that the value of Bitcoin can fluctuate rapidly, so it is advisable to exercise caution when making any financial decisions involving Bitcoin.
The venture proved to be quite profitable for Miller, as he reportedly made over $2 million in just a few months.
Other players who have invested in Bitcoin include Seattle Seahawks safety Earl Thomas and Miami Dolphins wide receiver Kenny Stills. Both Thomas and Stills have invested in the cryptocurrency exchange Coinbase.
So what exactly are NFL players getting paid in Bitcoin? While there are a few different ways that players can earn Bitcoin, one of the most common is through signing bonuses. For example, when Stills signed with the Dolphins in 2015, he was given a $100,000 signing bonus that was paid out in Bitcoin.
While Bitcoin may not be mainstream just yet, it appears that NFL players are ahead of the curve when it comes to cashing in on the cryptocurrency craze. With more and more players getting involved in Bitcoin, it seems likely that we will see even more widespread adoption of the digital currency within the NFL community in the near future.
10 Related Question Answers Found
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 is unique in that there are a finite number of them: 21 million.
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.
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 is unique in that there are a finite number of them: 21 million.
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.
When it comes to Bitcoin, taxes are a complex and confusing topic. There are a lot of different factors that can affect how much tax you owe on your Bitcoin profits, and it can be difficult to figure out exactly what you need to do. However, understanding the basics of how taxes work on Bitcoin can help you make sure that you’re paying what you owe, and not overpaying.
The current price of Bitcoin is $8,700. It has been on a steady decline since reaching its all-time high of $19,783 in December 2017. Despite this, Bitcoin remains the most well-known and valuable cryptocurrency in existence.
The Bitcoin pizza is worth $1,000,000. On May 22, 2010, someone bought two pizzas for 10,000 bitcoins. At the time, this was worth about $41.
Bitcoin Sending Fees are the fees charged when sending Bitcoins. These fees go to the miners who confirm transactions on the Bitcoin network. The amount of the fee varies depending on the size of the transaction and the speed at which it needs to be confirmed.
Bitcoin Gold is a fork of the Bitcoin blockchain that occurred on October 24, 2017. The new blockchain created a new cryptocurrency, Bitcoin Gold (BTG), that can be mined with GPUs. BTG is currently worth $174.62 USD.
Bitcoin network fee is a term used to describe the fee that a sender of a transaction must pay to the miners of the Bitcoin network in order to have their transaction included in a block. The amount of the fee is decided by the miners and is based on the size of the transaction in bytes. The fees are collected by the miners in order to incentivize them to continue verifying and validating transactions on the network.
