Athletes like Tom Brady and Odell Beckham took crypto as compensation. As of now, that's backfiring. [MarketWatch]
Nike, Inc. (NKE)
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Source: MarketWatch
As cryptocurrency gained more popularity in recent years, several athletes got into the digital assets space by accepting some of their salary or endorsement income in crypto. And many of those crypto holdings are likely to be worth much less than when the athletes originally got involved. Here's a look at some high-profile athletes who at this point have likely lost out on a lot of money because they opted to get paid in crypto. Odell Beckham Jr. Super Bowl champion and ex-Los Angeles Rams wide receiver Odell Beckham Jr. made headlines in November 2021 after announcing he would be converting his NFL salary into bitcoin BTCUSD, As you might have guessed, Beckham's $750,000 salary is worth a lot less now. The Action Network reported that the deal was executed when a bitcoin cost $64,158. As of Wednesday afternoon, bitcoin prices were hovering just above $16,000, a 75% decline from the time of Beckham's deal. Based on Wednesday's bitcoin prices, and assuming that Beckham conv
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