LOS ANGELES: Odell Beckham Jr., the Los Angeles Rams reciever, took a victory lap on X Thursday after the price of bitcoin skyrocketed over the past few weeks, mocking the naysayers who questioned his decision to take his full $750,000 salary in the cryptocurrency when he signed with the team in 2021.
“Soooo who said taking my Rams salary in bitcoin was dumb again?” he posted, along with a chart showing recent gains.
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Bitcoin was trading down $1,259.91, 1.39 percent, to $89,262.69 as of 10:38 a.m. PDT Thursday. BTC has been surging since Donald Trump’s election win, and is up 102 percent on the year.
It is unclear how much of his investment he held during the past three years. The Rams Wire noted that Beckham Jr. signed on with the team when the coin was selling for about $65,000. He must have a strong stomach and continued to hold on when it hit $17,770 in December 2022.
The Rams Wire wrote: “Now at all-time highs, Beckham has presumably made about 50% on his investment in the volatile coin, turning $750,000 into more than $1 million.”
Ryan Lee, chief analyst at Bitget Research, told The Coin Telegrah that November is traditionally the strongest month for bitcoin.
“If history repeats itself and Bitcoin prices grow as projected, a 14.7% from the current price level will push the coin well above the $100,000 target for the month. The post-halving cycle trend is also very positive when projecting the future of Bitcoin,” he told the outlet.