Odell Beckham Jr. is having the time of his life. Starting from the bottom with the Cleveland Browns, the previous season and then climbing all the way to the top with a Super Bowl win with the Los Angeles Rams. It was truly a sensational campaign for OBJ to look back too.
He even added a new member to his family, as he welcomed son Zydn into the world with girlfriend Lauren Wood just a few days after the Super Bowl. However, OBJ might still regret one thing. Taking his salary in Bitcoin. Beckham agreed to a $750,000 salary from the Rams on 12th Nov, which he announced to take in Bitcoin, that was worth $64,293 at that time.
ADVERTISEMENT
Article continues below this ad
However, by the end of January, the price of Bitcoin dropped to $35,400. Which implied that the receiver was left with $412,953 in his deal. But after deducting Federal and CA State Tax of 50.3 percent, Odell netted just $35,703 from the contract.
It was truly an alarming situation for the athletes who had committed to this practice. But NBA star Andre Iguodala, during his appearance at the Point Forward Podcast, gave a helpful suggestion to the Super Bowl champion.
Andre Iguodala has a Warren Buffett strategy for Odell Beckham Jr.
“I see Bitcoin going up to 100,000,” Iguodala said. “It just might not happen until December, you know, I’m saying. As of right now, it just took a dip. So timing is everything as well, you know, as Warren Buffett says when everybody’s satisfied and you know… the markets up; SELL! When everybody’s scared, there’s fear. That’s when you buy.”
ADVERTISEMENT
Article continues below this ad
“Klay and I will start taking our Bitcoin salary through Cash App when it’s in a down market,” he added. “Like, we didn’t time it up like this it just happen like this. Whereas OBJ, when his announcement was made, Bitcoin was at all-time high. It was at 65,000. And then you know, it’s just at a correction right now with the market.”
ADVERTISEMENT
Article continues below this ad
Billionaire investor Warren Buffett remains the most quoted personality when it comes to the stock market and cryptocurrency arena. Iguodala had one crucial lesson to discuss as well. The strategy he follows helps him multiply his wealth to a great extent.
Watch This Story: Aaron Rodgers Tweets Clarification on New Packers Contract