Cryptos

Athletes have started to take compensation in Bitcoin. – Entmetrics

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The crypto has become more mainstream over time and continues to adapt even when in the bear market. Despite the crypto movement losing momentum, individual athletes have recently accepted crypto as a form of payment.

In July itself, Luana Pinheiro, a UFC fighter from Brazil, collaborated with Bitwafe and converted part of her salary into crypto. The crypto payroll service provider was thrilled.

Even the New York Yankees have a similar operation going on right now. They have partnered with NYDIG, which is based in New York itself. They give players compensation in the form of bitcoin and have seen positive reactions from all sides.

Both of these developments came after the NFL’s Alex Barret and WWE’s Summer Rae also accepted bitcoin as compensation. With the rise of cryptocurrencies, Defi tech has been accepted by many institutions. People are seeing the benefits of DeFi.

But it didn’t happen without a hitch. Many people say that these athletes promote risky investments. With the crypto world in turmoil right now, it’s safe to assume that this is a very volatile investment. BTC hit an all-time high in August 2021, but for now it’s at $22,000.

Athletes have reaped the benefits of BTC though, their BTC earnings since January have seen a big increase in value. And most sports organizations say BTC clearing is here to stay.

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