Anybody talking about how Cade Cunningham the NBAs #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? Thats nuts
I cant believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.
Well, crypto companies are going big for their advertisement and partnerships with the sports business, which kinda good thing for us all in crypto space as it gives Bitcoin and Cryptocurrency an exposure for a possible additional adoption.
This is gonna be a win-win situation for the Rookie as he were able to make "pretty decent amount of Bitcoin" (I'm quite sure it's a big amount). He can just hold it and come back when Bitcoin hits a 6 digit figure.
I've seen a few athletes in different sports who were receiving crypto as their bonuses and as a few percentage of their salary.
It will make crypto more popular and of course, the betting sites as well because when we talk about sports, sports betting is always linked to the mind of the gamblers. More players getting into crypto will make the organization aware and they'll eventually adopt as well to compete with the new trend.
It's very good news and I believe it will have a long-term positive effect on both players and crypto itself.