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Celebrities Are Betting on Bitcoin

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Crypto is going mainstream, and even celebrities see the merits of using digital currency instead of cash. Big names in sports and Hollywood are endorsing Bitcoin and Ethereum, among other coins, as indicative of a growing digital world. Rather than just buying and selling cryptocurrency, though, some superstars have decided to start receiving their paychecks in cryptocurrency. 


From politicians to athletes, here is a list of famous people getting paid in crypto. 


Politicians


Miami Mayor Francis Suarez is leading his city into the digital future both in policy and practice. In November 2021, the mayor pledged to take his next paycheck 100% in Bitcoin(link). Mayor Suarez also promised to make it possible for city employees to get paid in cryptocurrency and allow city fees and taxes to be paid with digital currency. 


The recently sworn-in Mayor of New York City, Eric Adams, is also opting to receive Bitcoin in lieu of cash for his paycheck (link). In response to Mayor Suarez, Mayor Adams announced on Twitter he would be collecting Bitcoin for three of his paychecks tweeting, “In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!”


Mayor Eric Adams’ Tweet



Artists


Rapper and producer 50 cent was ahead of the game when he decided to accept Bitcoin for his 5th studio album (link). Back in 2014, 50 cent released his album, Animal Ambition, on Shopify. Through the platform, fans could buy the project using Bitcoin. With this endeavor, 50 cent became one of the first major artists to welcome cryptocurrency for their work. 50 cent famously took stock in Vitamin Water to promote the product before the company was eventually sold to Coca-Cola for $4.1 billion. 


Athletes


Superbowl-winning NFL quarterback Aaron Rodgers made his enthusiasm for crypto known when he announced in late 2021 that he’d be receiving some of his NFL salary in Bitcoin (link). The Green Bay Packer posted to his Twitter, “I believe in Bitcoin & the future is bright.” In a video attached to the Tweet, Rodgers said he would be taking part of his NFL salary in Bitcoin for the very first time. Rodgers recently re-signed with the Packers. His new contract is estimated to be worth approximately $150 million. 


Star NFL wide receiver Odell Beckham Jr. also took to Twitter to announce his move to convert his pay into Bitcoin (link). In November 2021, Beckham Jr. announced on Twitter that he would be taking all of his remaining checks for the year in Bitcoin sharing his excitement for the “New Era” of digital goods.  


NBA guard Klay Thompson is following the lead of Rodgers and Beckham Jr. Thompson will receive $1 million of his 2021-22 basketball salary in Bitcoin. “I’m with bitcoin because I believe it’s the future of money,” he said. Thompson is only one among his Golden State Warrior teammates in the crypto scene. Warrior Stephen Curry partnered with Under Armour to release a series of basketball shoe NFTs and teammate Andre Igoudala is also receiving some of his 2021-22 NBA salary in Bitcoin. 


In the future, it wouldn’t be surprising if more celebrities and non-celebrities alike started taking their pay in Bitcoin. Cryptocurrency continues to grow in popularity, with enthusiasts citing the deflationary nature of coins like Bitcoin as a plus. Bitcoin Depot currently offers the option for employees to get paid in Bitcoin, joining an increasing number of companies offering this alternative. 


Right now, you can stop by any of our Bitcoin ATMs to buy your own digital currency just like you would at a cash ATM. With over 7000+ locations (link) across the U.S. and Canada, it’s easy to find a Bitcoin Depot ATM to use wherever you are. If you’re new to crypto, check out our user guide and videos (link) to learn more. You can also download our mobile app on the App Store or Google Play to send, receive, and store crypto through your mobile device.


Follow us on Twitter @Bitcoin_Depot (link) or Instagram @Bitcoindepot (link) for the latest news and updates about the crypto industry. 



May 19, 2022