Odell Beckham Jr.’s $750K Bitcoin Bet Now Worth $1.47M – Here’s Why

NFL star Odell Beckham Jr. may be having the last laugh against critics of his decision to take his salary in Bitcoin. In 2021, Beckham made headlines when he announced that he would convert his entire base salary from the Los Angeles Rams into Bitcoin.

When Beckham opted to convert his 2021 base salary of $750,000 from the Los Angeles Rams to Bitcoin as part of an endorsement deal with the Block-owned (NYSE:XYZ) Cash App, critics were quick to argue that he was making a mistake. These critics only grew louder as a market crash ensued the following year, which saw Bitcoin lose nearly 80% of its value.

The Bold Move: Converting Salary to Bitcoin in 2021

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Back in 2021, Bitcoin was trading near $60,000 when Beckham entered into an endorsement deal with Cash App, a payment service owned by Block Inc. As part of the deal, Beckham opted to receive his $750,000 salary in Bitcoin, believing in the long-term potential of cryptocurrency.

Critics were skeptical. Many warned about the volatility of Bitcoin and the potential financial risks associated with converting an entire salary into a digital asset. Those fears seemed justified when Bitcoin plunged by nearly 80% during the 2022 crypto market crash, dipping below $20,000 at its lowest point.

For a while, Beckham’s decision looked like a financial misstep—at least on paper.

Photo by Getty Images

How Much Is Beckham’s Bitcoin Worth Today?

When Beckham converted his $750,000 salary into Bitcoin at around $60,000 per BTC, the investment was considered a gamble. Now, with Bitcoin trading at approximately $118,000, his original payout would be worth about $1.47 million—almost double his original salary.

Even after accounting for federal and state taxes of roughly 49.3% on the original $750,000, Beckham is estimated to have over $1.1 million left, nearly three times more than if he had taken the salary in cash.

Of course, this calculation assumes Beckham held onto his Bitcoin during the downturn and didn’t panic sell. If that’s the case, his patience has paid off handsomely.

Beckham Doubles Down on Bitcoin

Beckham has leveraged his high-profile crypto bet to continue promoting Cash App, which remains active in offering Bitcoin incentives. He recently shared on social media that referrals can still earn $20 BTC bonuses.

“People doubted me when I accepted my Cash App paycheck in Bitcoin,” Beckham said in June. “Jokes on you.”

His comments reflect the growing mainstream acceptance of Bitcoin and the renewed confidence in digital assets after the latest bull run.

Other NFL Stars Who Bet on Bitcoin

Beckham isn’t the only NFL player who embraced Bitcoin. Several others joined the crypto movement:

  • Russell Okung: The former Carolina Panthers offensive tackle made headlines in 2020 by converting half of his $13 million salary into Bitcoin. At current prices, Okung’s initial stake could be worth $22 million.

  • Saquon Barkley: In 2021, the New York Giants running back announced plans to convert all his income from marketing deals into Bitcoin. Based on current market prices, Barkley’s strategy has likely yielded a 260% return.

These moves highlight a trend among professional athletes seeking alternative ways to preserve wealth and hedge against inflation.

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Marcus Taylor

Betting Expert

Honestly, I respect what Odell did. Back then, a lot of people thought taking your salary in Bitcoin was crazy, but he believed in it and stayed patient. Now look at him—he turned $750K into almost $1.5 million. That’s a smart play if you ask me.

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