‘Who Said It Was Dumb?’ Odell Beckham Jr. Has the Last Laugh as Bitcoin Salary Bet Pays Off

• Odell Bekcham Jr. took his $750,000 salary in Bitcoin in November 2021.
• The NFL star was criticized for making a mistake throughout crypto’s winter.
• Beckham Jr. is now taking a victory lap on social media after Bitcoin hit all-time highs.

NFL star Odell Beckham Jr. is currently laughing his way to the bank after his bet of taking his $750,000 salary in Bitcoin three years ago is finally paying off.

The Miami Dolphins player is taking a victory lap on social media to respond to critics who belittled his choice in November 2021.

A Bitcoin Bet

Three years ago, Beckham Jr. took his $750,000 salary in Bitcoin through a deal with Block Inc.’s Cash App.

The decision led to widespread skepticism from fans and commentators, who noted Bitcoin’s volatile nature at the time.

Shortly after the deal, it looked like the doubters were correct. At the beginning of 2022, Bitcoin collapsed to $16,000, leading to Beckham Jr.’s salary significantly shrinking in value.

Analysts also pointed out the tax implications of Beckham Jr.’s choice. Because the NFL player’s income taxes were likely based on Bitcoin’s initial value in U.S. dollars, he still faced high tax obligations even as the market value of his holdings declined.

However, the NFL player decided to remain strong in his holdings despite becoming the face of recklessness.

Beckham Jr.’s Last Laugh

Bitcoin hit a new all-time high of $93,000 on Nov. 13. as cryptocurrency investors continued to celebrate Donald Trump’s election victory.

The world’s largest cryptocurrency has grown around a third since Trump’s victory, pushed on by the President-elect’s most prominent supporter’s ties to the industry.

Now, Beckham Jr. has taken to social media to celebrate his bet, which is finally paying off.

“Who said taking my Rams salary in Bitcoin was dumb again?” he posted on X on Wednesday.

Although it is not confirmed whether the NFL player held on to all of his holdings, his reaction indicates he is reaping the benefits of standing strong throughout Bitcoin’s lull.

In 2021, crypto enthusiasts viewed Beckham Jr.’s decision as bold and forward-thinking.

Now, as the NFL star finally reaps Bitcoin’s benefits, some skeptics will likely be looking to switch teams.