Saquon Barkley announced on Wednesday that he plans to convert all of his income from marketing deals and endorsements to bitcoin using payments app Strike.
“We’re seeing inflation and we’re learning you can’t save wealth. That’s why I am going to be taking my marketing money in bitcoin,” Barkley, 24, told Anthony Pompliano on the “The Best Business Show.”
His endorsement money is worth “more than $10 million annually,” according to Joe Pompliano.
As inflation continues to rise, the New York Giants running back sees the decision to convert his endorsement earnings to bitcoin as “the smart thing to do” in order to preserve his wealth. He does not feel he can create generational wealth for his family on his salary alone.
“When you see the KDs, the Lebrons and Bradys of the world and you want to create generational wealth, you can’t do that with the sport that I play and the position that I play and coming off of injuries,” Barkley said.
In 2020, Barkley suffered an ACL tear and missed most of the season. “When you sit out of football for a whole year, you realize that this game could be taken away from you,” he says.