Say a little prayer for Bitcoin people this morning as they are waking up to a volatile market that is eating all cryptocurrencies alive.
Russell Okung has long been a top offensive tackle in the NFL, and made waves when he asked for half of his $13 million salary to be converted into Bitcoin. It’s the first time a player has been paid in cryptocurrency.
In the past three months, the value of Bitcoin has continued to increase. Wednesday has not been kind to him.
Okung took to Twitter and reacted to Bitcoin plunging as low as $30,202 per coin from a high of nearly $44,000 in the past 24 hours, according to data from Coindesk.
“Money is more than currency; it’s power,” said Okung in a statement. “The way money is handled from creation to dissemination is part of that power. Getting paid in bitcoin is the first step of opting out of the corrupt, manipulated economy we all inhabit.”
“When we are all paid in bitcoin, no one can tell us what to do with the value we create … In a post-fiat world, you won’t have to worry about your labor and time being stolen.
Okung is not selling. I mean, he definitely has the means to take a big hit.