Russell Okung's Bold Move: Launching a Bitcoin-Paid Sports League

A Game-Changing Move in Sports

Former NFL lineman Russell Okung has taken a bold step in the sports world by launching Bitball, a sports league that pays athletes in bitcoin. This venture comes after Okung's gamble to convert half of his $13 million salary in 2020 into bitcoin, a decision met with skepticism from peers and financial advisors alike.

The Bitcoin Gamble Pays Off

Despite concerns from NFL executives and even his own mother, Okung's investment has proven fruitful, as bitcoin's value has surged past $90,000 following Donald J. Trump's recent presidential election victory. Okung cleverly navigated league bylaws to convert $6.5 million into bitcoin, which has now tripled in value.

Aiming for More Than Just Profit

In a recent interview, Okung expressed that he did not convert his salary to trade it for dollars, stating, "I did it to change my family’s future." He believes his actions are about raising awareness and challenging the traditional financial landscape surrounding digital assets.

Bitball: A New Frontier for Athletes

With Bitball, Okung aims to create a league that supports athletes financially, allowing them to earn bitcoin directly. The inaugural event, a 7-on-7 flag football game, is set to take place on December 10 at Al Nahyan Stadium in Abu Dhabi, featuring notable former players like Antonio Brown and Le’Veon Bell. Participants will receive their earnings in bitcoin immediately after the game.

A Vision for the Future

Okung envisions a future where athletes can earn bitcoin, fostering wealth within communities and preventing the loss of generational wealth. He hopes Bitball will encourage sports leagues to adopt more crypto-friendly payment methods, reflecting a shift in how athletes are compensated.

"Imagine 24 guys getting their first bitcoin in the same day," Okung remarked, highlighting the transformative potential of his new league.