Odell Beckham Jr. Loses Majority Of His Salary After Bitcoin Dip

BYAlexander Cole36.4K Views
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Odell Beckham Jr.
OBJ is a cautionary tale for the volatility of Bitcoin.

Odell Beckham Jr. was picked up by the Los Angeles Rams earlier this season as the Cleveland Browns decided to drop him from the team. This was a decision that benefitted everyone involved, as the Browns got rid of a player who didn't want to be there, all while the Rams got themselves a bonafide weapon who has so far, been instrumental to their playoff run which will have them in the NFC Championship Game this weekend.

When OBJ signed on the dotted line, he opted to take his entire salary into Bitcoin. When he did this, Bitcoin was in the midst of breaking new all-time highs, and was worth $64,000 per coin. This seemed like it could be a good investment, however, a local top came quickly and ultimately shattered the price of Bitcoin.

Odell Beckham Jr. Loses Majority Of His Salary After Bitcoin Dip
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Now, the cryptocurrency is worth around $35,000, which is not good for Beckham's earnings. As reported by Darren Rovell, OBJ's entire salary is now worth $413K as opposed to $750K. Not to mention, once you factor in taxes, he has only made around $35K, which is enough money for just one Bitcoin. Simply put, OBJ has not benefitted from this decision. Of course, Beckham could simply decide to hold on to his Bitcoin, and perhaps in a year from now, it will go back up. Regardless, nothing is guaranteed, especially in crypto.


With Bitcoin's volatility becoming a huge factor right now, we could see fewer and fewer athletes going the OBJ and Aaron Rodgers route. Let us know what you think of this predicament, in the comments section below.


About The Author
Alexander Cole is the current editor-in-chief of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. It was here where he began to hone his craft, putting his journalism degree from Concordia University in Montreal, Quebec, to good use. Since that time, he has documented some of the biggest stories in the hip-hop world. From the Kendrick Lamar and Drake beef to the disturbing allegations against Diddy, Alex has helped HotNewHipHop navigate large-scale stories as they happen. In 2021, he went to the Bahamas for the Big 3's Championship Game. It was here where he got to interview legendary figures like Ice Cube, Clyde Drexler, and Stephen Jackson. He has also interviewed other superstar athletes such as Antonio Brown, Damian Lillard, and Paul Pierce. This is in addition to conversations with social media provocateurs like Jake Paul, and younger respected artists like Kaycyy, Lil Tecca, and Jeleel!
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