NFL star Saquon Barkley has become the last celebrity to say he has embraced Bitcoin. Recently, many celebrities continue to know Bitcoin. The New York Giants star announced on “The Best Business Show” that he will accept Bitcoin payments for all future marketing and all deals. Barkely says he wanted to switch to BTC because of high inflation rates.
Saquon Barkley said:
You see inflation rates and now you also see how high they are. You also learn that you cannot save your wealth with this inflation. So I will get my marketing money in Bitcoin.
Barkely also emphasized that he will use the crypto application Strike for all future Bitcoin payments. Barkley says that aside from just investing in inflation-beating assets, he is also very keen on generating field Bitcoin (BTC).
NFL Star already has impressive sponsors. These brands include some popular brands such as Nike, Dunkin Donuts, Toyota, Pepsi, Visa and Hulu. Saquon Barkley generates an enormous $10 million in revenue each year in marketing and endorsement revenue.
Since last year, interest in Bitcoin has been quite high among NFL stars. In 2020, Russell Okung of the Carolina Panthers announced that he would convert half of his $13 million salary to Bitcoin. Top NFL drafter Trevor Lawrence has signed a major contract with popular crypto app Blockfolio. Trevor Lawrence agreed to receive payments in Bitcoin (TC), Ethereum (ETH), and Solana (SOL) after the contract.
Bitcoin is the best investment tool against inflation
After the Federal Reserve offered stimulus packages to the economy last year, the fear of inflation started to come to the fore. Offering around 200% compounded returns over the past decade, Bitcoin remains the best investment against inflation. Not just popular stars, many organizations continued to buy Bitcoin to hedge against rising inflation.
The Consumer Price Index (CPI) for June 2021 increased by 5.4%, reaching the highest level in 13 years.
Fed Chairman Jerome Powell said in a speech to the US Congress earlier this week:
The challenge we face is how we respond to this inflation, which is more important than what we expect or what anyone expects. If the inflation rate is temporary, it would not be right to react to it. As this situation drags on, we will have to continue to reassess the longer-term risks that will affect inflation expectations. We are following this too.