Dirty Laundry

Sean Culkin, an NFL tight end who is signed to a reserve/future contract with the Kansas City Chiefs, has pledged to convert his entire salary to Bitcoin. He would become the first NFL player to do so.

Culkin, who has previously played for the Los Angeles Chargers and the Baltimore Ravens, shared via Twitter, “I fully believe Bitcoin is the future of finance and I wanted to prove that I have real skin in the game — not just trying to make a quick buck. I will be converting my entire 2021 NFL salary to #Bitcoin.”

Culkin lists in his Twitter bio that he’s a University of Missouri alum with a Bachelor’s Degree in Finance. He also lists he’s currently an MBA Candidate via Indiana University’s Kelley School of Business.

ESPN.com further reports Culkin’s interest in the cryptocurrency with him saying, “I’ve always had a lot of interest in and a passion for finance and economics from my days at Mizzou. Even before that, my dad was big, really bullish on gold. Early on, I was always exposed to his philosophies on what made gold an intractable investment looking at it from a macro perspective. There’s a lot of overlap between gold and Bitcoin.”

Culkin adds, “I really spent all of my time in the offseason the past year just hearing about this growing space in crypto. It just seemed like it was getting bigger and bigger. Through education and learning and having a level of conviction over the course of time, I just felt like I wanted to be compensated from my services in football in Bitcoin.”

As for investing his entire $920,000 salary into Bitcoin, Culkin said, “It’s going to have some large pullbacks and dips and people are probably going to say I’m crazy, but I’m focusing on the long term. Long term, it’s a stored value. What makes Bitcoin so intractable is its scarcity. Over time, it’s deflationary by nature. If you look at history, it appreciates over time.”

Erica Banas is a rock/classic rock news blogger who's well versed in etiquette and extraordinarily nice.