• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

The Cold Wire

  • Home
  • Sports News
  • NFL
    • Arizona Cardinals
    • Atlanta Falcons
    • Baltimore Ravens
    • Buffalo Bills
    • Carolina Panthers
    • Chicago Bears
    • Cincinnati Bengals
    • Cleveland Browns
    • Dallas Cowboys
    • Denver Broncos
    • Detroit Lions
    • Green Bay Packers
    • Houston Texans
    • Indianapolis Colts
    • Jacksonville Jaguars
    • Kansas City Chiefs
    • Las Vegas Raiders
    • Los Angeles Chargers
    • Los Angeles Rams
    • Miami Dolphins
    • Minnesota Vikings
    • New England Patriots
    • New Orleans Saints
    • New York Giants
    • New York Jets
    • Philadelphia Eagles
    • Pittsburgh Steelers
    • San Francisco 49ers
    • Seattle Seahawks
    • Tampa Bay Buccaneers
    • Tennessee Titans
    • Washington Commanders
  • MLB
    • Arizona Diamondbacks
    • Atlanta Braves
    • Baltimore Orioles
    • Boston Red Sox
    • Chicago Cubs
    • Chicago White Sox
    • Cincinnati Reds
    • Cleveland Guardians
    • Colorado Rockies
    • Detroit Tigers
    • Houston Astros
    • Kansas City Royals
    • Los Angeles Angels
    • Los Angeles Dodgers
    • Miami Marlins
    • Milwaukee Brewers
    • Minnesota Twins
    • New York Mets
    • New York Yankees
    • Oakland Athletics
    • Philadelphia Phillies
    • Pittsburgh Pirates
    • San Diego Padres
    • San Francisco Giants
    • Seattle Mariners
    • St. Louis Cardinals
    • Tampa Bay Rays
    • Texas Rangers
    • Toronto Blue Jays
    • Washington Nationals
  • NBA
    • Atlanta Hawks
    • Boston Celtics
    • Brooklyn Nets
    • Charlotte Hornets
    • Chicago Bulls
    • Cleveland Cavaliers
    • Dallas Mavericks
    • Denver Nuggets
    • Detroit Pistons
    • Golden State Warriors
    • Houston Rockets
    • Indiana Pacers
    • Los Angeles Clippers
    • Los Angeles Lakers
    • Memphis Grizzlies
    • Miami Heat
    • Milwaukee Bucks
    • Minnesota Timberwolves
    • New Orleans Pelicans
    • New York Knicks
    • Oklahoma City Thunder
    • Orlando Magic
    • Philadelphia 76ers
    • Phoenix Suns
    • Portland Trailblazers
    • Sacramento Kings
    • San Antonio Spurs
    • Toronto Raptors
    • Utah Jazz
    • Washington Wizards
  • Entertainment
  • About

The Cold Wire

A go to source for trending sports news covering the NFL, MLB, NBA, college football, entertainment, and much more.

  • Home
  • Sports News
  • NFL
    • Arizona Cardinals
    • Atlanta Falcons
    • Baltimore Ravens
    • Buffalo Bills
    • Carolina Panthers
    • Chicago Bears
    • Cincinnati Bengals
    • Cleveland Browns
    • Dallas Cowboys
    • Denver Broncos
    • Detroit Lions
    • Green Bay Packers
    • Houston Texans
    • Indianapolis Colts
    • Jacksonville Jaguars
    • Kansas City Chiefs
    • Las Vegas Raiders
    • Los Angeles Chargers
    • Los Angeles Rams
    • Miami Dolphins
    • Minnesota Vikings
    • New England Patriots
    • New Orleans Saints
    • New York Giants
    • New York Jets
    • Philadelphia Eagles
    • Pittsburgh Steelers
    • San Francisco 49ers
    • Seattle Seahawks
    • Tampa Bay Buccaneers
    • Tennessee Titans
    • Washington Commanders
  • MLB
    • Arizona Diamondbacks
    • Atlanta Braves
    • Baltimore Orioles
    • Boston Red Sox
    • Chicago Cubs
    • Chicago White Sox
    • Cincinnati Reds
    • Cleveland Guardians
    • Colorado Rockies
    • Detroit Tigers
    • Houston Astros
    • Kansas City Royals
    • Los Angeles Angels
    • Los Angeles Dodgers
    • Miami Marlins
    • Milwaukee Brewers
    • Minnesota Twins
    • New York Mets
    • New York Yankees
    • Oakland Athletics
    • Philadelphia Phillies
    • Pittsburgh Pirates
    • San Diego Padres
    • San Francisco Giants
    • Seattle Mariners
    • St. Louis Cardinals
    • Tampa Bay Rays
    • Texas Rangers
    • Toronto Blue Jays
    • Washington Nationals
  • NBA
    • Atlanta Hawks
    • Boston Celtics
    • Brooklyn Nets
    • Charlotte Hornets
    • Chicago Bulls
    • Cleveland Cavaliers
    • Dallas Mavericks
    • Denver Nuggets
    • Detroit Pistons
    • Golden State Warriors
    • Houston Rockets
    • Indiana Pacers
    • Los Angeles Clippers
    • Los Angeles Lakers
    • Memphis Grizzlies
    • Miami Heat
    • Milwaukee Bucks
    • Minnesota Timberwolves
    • New Orleans Pelicans
    • New York Knicks
    • Oklahoma City Thunder
    • Orlando Magic
    • Philadelphia 76ers
    • Phoenix Suns
    • Portland Trailblazers
    • Sacramento Kings
    • San Antonio Spurs
    • Toronto Raptors
    • Utah Jazz
    • Washington Wizards
  • Entertainment
  • About
You are here: Home / Sports / NFL / Trevor Lawrence Is Losing A Fortune Because Of Bitcoin

Trevor Lawrence Is Losing A Fortune Because Of Bitcoin

Avatar photo
June 22, 2022
By Lawrence Fernandez
@lawandfer
Leave a Comment
Follow Lawrence Fernandez on Google News Follow Us

Trevor Lawrence #16 of the NFL Jacksonville Jaguars reacts after the game against the Houston Texans at NRG Stadium on September 12, 2021 in Houston, Texas.
(Photo by Carmen Mandato/Getty Images)

 

Editor’s Note: After publishing this article, more information came to light. Trevor Lawrence received a signing bonus in crypto from an investment app. So his $24 million NFL signing bonus was not included, as was indicated by reports. Read on if you want to see our initial shock at the initial story that was widely reported.

Some NFL players embraced cryptocurrencies like Bitcoin with much enthusiasm that they asked for a portion of their salary to be converted into digital currency.

Unfortunately, prices have gone down with Bitcoin’s price falling drastically in the past few months.

It’s nowhere near the high prices that attracted more people to stockpile their online money.

Sadly, those who opted for Bitcoin in their contracts must be feeling the pinch, as shared by NFL insider Dov Kleiman.

A number of NFL players lost a lot of money on bitcoin, including Odell Beckham and Saquon Barkley. (@DavidFurones_)

The biggest though? #Jaguars QB Trevor Lawrence.pic.twitter.com/NBafAt8yom

— Dov Kleiman (@NFL_DovKleiman) June 22, 2022

He shared a list of sports stars who suffered the biggest salary losses and five of them are NFL players.

New York Giants running back Saquon Barkley asked for $10 million worth of Bitcoin in his contract back in July 2021.

Unfortunately, that value has gone down by 33.4 percent to $6.6 million since.

Odell Beckham Jr.’s $750,000 worth of Bitcoin has also taken a nosedive to $434,976.

Meanwhile, Russell Okung lost 60.9 percent of his Bitcoin value from $6.5 million to $2.54 million.

There’s also Sean Culkin who lost 61.6 percent from $920,000 to $353,099.

 

Trevor Lawrence Is The Biggest Loser

But those numbers are nothing compared to what Jacksonville Jaguars quarterback Trevor Lawrence lost.

On May 2, 2021, he had $24 million worth of Bitcoin, Ethereum, and Solana.

Since then, the value has gone down by 62.7 percent to $8.96 million.

It’s still a big amount compared to what the other players still have.

Unfortunately, there’s no indication of the prices either getting stabilized or going up.

The cryptocurrency market remains volatile and it can wipe huge sums of fortune away instantly.

While you have to commend that they are staying with the trends, it would still be better to take the money and not the cryptocurrency.

Advocates for Bitcoin and the likes continue to portray digital currencies as the future.

If that’s the case, the future isn’t looking bright for Lawrence, Okung, Beckham, and others.

They have no other option but to embrace what the market dictates, for better or worse.

    Get ALL the latest NFL news straight to your inbox! Subscribe to the Cold Wire NFL newsletter here!    

Filed Under: Jacksonville Jaguars Rumors And News (Updated Daily), NFL Tagged With: Jacksonville Jaguars

Avatar photo

About Lawrence Fernandez

Lawrence Andrew Fernandez is a sports journalist from the Philippines. A journalism graduate, he chose sports writing to stay close to the action. Aside from the NFL, he also follows the NBA and MLB. He also delves into mobile games during his free time.

Suggest a correction

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow The Cold Wire!

More Jacksonville Jaguars News

Chad Ochocinco watches pre-game warm-ups prior to the game between the Miami Dolphins and the Cincinnati Bengals at Paycor Stadium on September 29, 2022 in Cincinnati, Ohio.

Former NFL WR Hints At Interest In Joining Jaguars Coaching Staff

3 days ago

Trevor Lawrence #16 of the Jacksonville Jaguars reacts after his team's 38-10 win against the Los Angeles Chargers at SoFi Stadium on September 25, 2022 in Inglewood, California.

NFL Insider Proves Why Trevor Lawrence Is A Future Star

4 days ago

Trevor Lawrence #16 of the Jacksonville Jaguars warms up prior to the AFC Divisional Playoff game against the Kansas City Chiefs at Arrowhead Stadium on January 21, 2023 in Kansas City, Missouri.

Trevor Lawrence Had An Unbelievable Streak End On Saturday

6 days ago

Trevor Lawrence #16 of the Jacksonville Jaguars walks off the field after being defeated by the Kansas City Chiefs in the AFC Divisional Playoff game at Arrowhead Stadium on January 21, 2023 in Kansas City, Missouri. The Kansas City Chiefs defeated the Jacksonville Jaguars with a score of 27 to 20.

Trevor Lawrence Had A Leadership Moment After Playoff Loss

6 days ago

Foyesade Oluokun #23 of the Jacksonville Jaguars celebrates with teammates during the second half of the game against the Los Angeles Chargers in the AFC Wild Card playoff game at TIAA Bank Field on January 14, 2023 in Jacksonville, Florida.

Jaguars Made Playoff History With Saturday's Win

2 weeks ago

Marvin Jones Jr. #11 of the Jacksonville Jaguars reacts after a win over the Baltimore Ravens at TIAA Bank Field on November 27, 2022 in Jacksonville, Florida.

Marvin Jones Takes Shot At Urban Meyer After Making Playoffs

3 weeks ago

Trevor Lawrence #16 of the Jacksonville Jaguars hi fives fans after defeating Tennessee Titans 36-22 at Nissan Stadium on December 11, 2022 in Nashville, Tennessee.

The Jaguars Remain Focused On A Great Fan Experience

3 weeks ago

Trevor Lawrence #16 of the Jacksonville Jaguars jogs off the field after the Jaguars defeated the New York Jets to win the game at MetLife Stadium on December 22, 2022 in East Rutherford, New Jersey.

Fans React To Jaguars Win On Thursday Night Football

1 month ago

Trevor Lawrence #16 of the Jacksonville Jaguars jogs off the field after the Jaguars defeated the New York Jets to win the game at MetLife Stadium on December 22, 2022 in East Rutherford, New Jersey.

Trevor Lawrence Has A Message For Jaguars Fans

1 month ago

Trevor Lawrence #16 of the Jacksonville Jaguars looks at a phone after the Jaguars defeated the New York Jets to win the game at MetLife Stadium on December 22, 2022 in East Rutherford, New Jersey.

Trevor Lawrence Is Emerging As A Star In The NFL

1 month ago

A detailed view of a NFL football is seen at M&T Bank Stadium on September 18, 2022 in Baltimore, Maryland.

NFL Analyst Says 1 NFL Team Could Be Really Dangerous In Playoffs

1 month ago

Trevor Lawrence #16 of the Jacksonville Jaguars hands off the ball to Travis Etienne Jr. #1 during the second quarter of the game against the Dallas Cowboys at TIAA Bank Field on December 18, 2022 in Jacksonville, Florida.

Graphic Shows Massive Shift In Jaguars' Chance To Win AFC South

1 month ago

Rayshawn Jenkins #2 of the Jacksonville Jaguars returns a pick six during overtime to defeat the Dallas Cowboys at TIAA Bank Field on December 18, 2022 in Jacksonville, Florida.

Rayshawn Jenkins Had A Game For The Ages On Sunday

1 month ago

Trevor Lawrence #16 of the Jacksonville Jaguars warms up on the field before the game against the New York Jets at MetLife Stadium on December 26, 2021 in East Rutherford, New Jersey.

Trevor Lawrence Is Showing Tremendous Leadership In Year 2

1 month ago

Trevor Lawrence #16 of the Jacksonville Jaguars reacts after his team's 38-10 win against the Los Angeles Chargers at SoFi Stadium on September 25, 2022 in Inglewood, California.

Jaguars HC Comments On Trevor Lawrence Taking Command

2 months ago

Trevor Lawrence #16 of the Jacksonville Jaguars hi fives fans after defeating Tennessee Titans 36-22 at Nissan Stadium on December 11, 2022 in Nashville, Tennessee.

Trevor Lawrence Takes Home An Elite Week 14 Honor

2 months ago

Trevor Lawrence #16 of the Jacksonville Jaguars warms up prior to the game against the Denver Broncos at TIAA Bank Field on September 19, 2021 in Jacksonville, Florida.

Jaguars HC Reveals Trevor Lawrence Injury Update

2 months ago

Travis Etienne Jr. #1 of the Jacksonville Jaguars carries the ball during the third quarter of the game against the Kansas City Chiefs at Arrowhead Stadium on November 13, 2022 in Kansas City, Missouri.

Travis Etienne Is Ready To Help The Jaguars

2 months ago

A Jacksonville Jaguars helmet as seen during Jacksonville Jaguars Mandatory Minicamp at TIAA Bank Field on June 15, 2021 in Jacksonville, Florida.

The Jaguars Get Great News On A Key Player

2 months ago

Trevor Lawrence #16 of the Jacksonville Jaguars throws a touchdown pa against the Indianapolis Colts during the fourth quarter at Lucas Oil Stadium on October 16, 2022 in Indianapolis, Indiana.

Trevor Lawrence Made Unfortunate History Sunday

3 months ago

Trevor Lawrence #16 of the Jacksonville Jaguars reacts after his team's 38-10 win against the Los Angeles Chargers at SoFi Stadium on September 25, 2022 in Inglewood, California.

Trevor Lawrence Takes Home Major Week 3 Honor

4 months ago

A detailed view of a Jacksonville Jaguars helmet during the game between the Indianapolis Colts and the Jacksonville Jaguars on December 29, 2019 at TIAA Bank Field in Jacksonville, Fl.

The Jaguars Should Be AFC South Favorites

4 months ago

Trevor Lawrence #16 of the Jacksonville Jaguars walks off the field after a 24-0 win over the Indianapolis Colts at TIAA Bank Field on September 18, 2022 in Jacksonville, Florida.

Trevor Lawrence Is Set For His Toughest Test

4 months ago

A Jacksonville Jaguars helmet as seen during Jacksonville Jaguars Mandatory Minicamp at TIAA Bank Field on June 15, 2021 in Jacksonville, Florida.

The Jaguars Are In A Great Spot To Add Top Talent

5 months ago

Primary Sidebar

Search The Cold Wire

Footer

Privacy Policy

Terms and Conditions

Editorial Guidelines

Contact Us

Sitemap

Advertise

Follow us on

Copyright © 2023  ColdWireMedia · ALL RIGHTS RESERVED ·TheColdWire.com

Suggest a Correction

Trevor Lawrence Is Losing A Fortune Because Of Bitcoin

1000 characters remaining