Bitcoin and Brady: How the NFL Star’s Crypto Bet Paid Off
USATue Nov 12 2024
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Tom Brady, the legendary NFL quarterback, made headlines by converting part of his $6. 5 million salary into Bitcoin. This move, inspired by Russell Okung, who was the first NFL player to receive half of his salary in Bitcoin, turned out to be a smart financial decision. In just a few years, Brady's Bitcoin investment grew from $6. 5 million to a whopping $20 million. This success story highlights the potential of cryptocurrency and how it can be a game-changer in the financial world.
However, not all of Brady's crypto ventures were successful. He lost a significant amount when the cryptocurrency exchange FTX, which he promoted, collapsed. Despite this setback, Brady remained optimistic about the future of digital currencies. He even made money by selling NFTs on the online platform Autograph.
Brady's journey into the world of cryptocurrency has influenced other NFL players. Rob Gronkowski and Saquon Barkley, inspired by Brady's success, also started exploring the potential of Bitcoin and other cryptocurrencies. Gronkowski made $1. 6 million by selling his NFT collection, while Barkley decided to convert his marketing money into Bitcoin after a career-threatening injury.
As more NFL players and fans invest in cryptocurrencies, the general perception of digital money is changing. While not everyone has seen the same level of success, many are happy with the growth of their investments. The story of Tom Brady and Bitcoin serves as a reminder of the importance of staying ahead of financial trends and the potential of cryptocurrencies.
https://localnews.ai/article/bitcoin-and-brady-how-the-nfl-stars-crypto-bet-paid-off-4feb03d0
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