What does Aaron Rodgers, other athletes paid in Bitcoin for cryptocurrency mean?

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Green Bay Packers quarterback Aaron Rodgers announced Monday that he will accept part of his salary in Bitcoin, joining several other professional athletes in accepting popular cryptocurrency as a form of payment.

“I am excited about the future of cryptocurrency and believe in Bitcoin a lot. So much so that I chose to take a large portion of my salary in Bitcoin, thanks to the help of Cash App,” said Rodgers said in a statement. “Cryptocurrency is a new concept for many and can be intimidating to understand.”

In addition to Rodgers, several other professional athletes have also announced partnerships with cryptocurrency trading apps.

Tampa Bay Buccaneers quarterback Tom Brady also recently announced that he has purchased a stake in popular cryptocurrency trading platform FTX.

New York Giants running back Saquon Barkley recently announced that he is accepting his approval payments in Bitcoin. “I take my marketing money in Bitcoin,” Barkley said in an interview on The Best Business Show, hosted by Anthony Pompliano.

Barkley uses the Strike cryptocurrency app to receive his approval money via Bitcoin. Strike founder and CEO Jack Mallers told Newsweek that anyone can use the app to receive their paycheck by direct deposit via Bitcoin, just like Barkley.

Mallers told Newsweek that he believes more athletes will invest in Bitcoin and see it as a form of payment that will help “give the common person confidence,” to do the same.

“I think it’s definitely a net benefit,” Mallers said of more professional athletes accepting their paychecks in Bitcoin. “Bitcoin is a cultural phenomenon, it’s very appealing. There is an overlap in their fan base.”

“I think [professional athletes] like to see themselves as cultural leaders. They have a significant impact on the way people dress, what people do on the weekends, everyone buys their swimsuits. I think it’s a way for them to connect with their fans and they see themselves as leaders and take a leadership position by saying “I believe in this technology,” ”Mallers added.

Mallers also told Newsweek that the increase in the number of professional athletes and celebrities investing in Bitcoin shows that Bitcoin is “a very attractive option,” as a method of saving money.

“Bitcoin, in a weird way, unites your favorite NFL player and your favorite musician and your favorite politician,” Mallers told Newsweek. “It transcends race, culture, borders, profession, wealth and class. Aaron Rodgers saves in the same as I do and it is very unique.”

In an interview with Newsweek, Glenn Goodman, author of The Crypto Trader and contributing cryptocurrency expert for the London School of Economics, said he believed there was a “big push in the industry to really heighten enthusiasm for Bitcoin and cryptocurrency ”.

“What’s good is that the more people buy cryptocurrencies, in general, whether it’s Bitcoin or any of the others, it’s good for the industry in the longer term,” said Goodman. “More people buying cryptocurrency brings more people into the industry, who then pay software developers with that money to make useful products and hopefully make the world a better place.”

Green Bay Packers quarterback Aaron Rodgers has announced that he will accept part of his paycheck in Bitcoin, joining several other professional athletes. Above is a visual representation of the digital cryptocurrency, Bitcoin, on October 23, 2017 in London, England. Dan Kitwood / Getty

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