Former Carolina Panthers player Russell Okung’s 2020 Bitcoin Paycheck Could Be Worth $21 Million

Okung’s decision to receive payment in cryptocurrency in 2020 has proven to be highly advantageous, as Bitcoin has recently exceeded $88,000.

In the event that retired Carolina Panthers player Russell Okung were to retain the 240 Bitcoin he acquired in lieu of half of his 2020 salary until today, he would have accumulated a total of more than $20.9 million. If.

It is probable that he is in a comfortable position: In May 2021, amid a decline in Bitcoin’s value, Okung reiterated his dedication to the cryptocurrency, tweeting, “Y’all don’t get it. I will never trade my Bitcoin.”

He has not publicly disclosed any modifications to his Bitcoin investment strategy since that time. Decrypt has contacted Okung regarding that matter.

Okung made headlines in December 2020 when he declared that he would receive half of his $13 million salary, which amounted to approximately $6.5 million, in Bitcoin.

At that time, Okung stated to CNBC, “Money is not merely a form of currency; it is a source of authority. The management of money from its inception to its distribution is a component of that influence. The initial step in rejecting the corrupt, manipulated economy in which we all live is to receive payment in bitcoin.”

The value of Bitcoin was a mere $27,000 at the time. Four years later, the cryptocurrency was trading at $87,803 as of late Monday, a 220% increase. This value places Okung’s Bitcoin wager at $21 million.

Elon Musk, the CEO of Tesla, announced in 2021 that his company would no longer take Bitcoin payments due to environmental concerns regarding its energy consumption. The Bitcoin enthusiast defended the crypto.

Okung initiated the “Stick to Space, Elon” campaign in response to Musk’s declaration. At the time, Okung stated to Decrypt, “Bitcoin is humanity’s most promising opportunity to achieve liberation. Elon’s evident misunderstanding of the true benefit to our species necessitated a correction of the public narrative.”

He continued, “In the greater scheme of things, no individual poses a threat to Bitcoin.” It is unavoidable, as Elon stated. His influence on Bitcoin is transient.

In June 2023, Okung announced his retirement from the sport of football. If he continues to possess bitcoin, he has the potential to become the most accomplished investor of all ex-athletes.

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