When you go to work, you obviously want to be fairly compensated for the time that you spend helping your employer. Or, if you are in business for yourself, you want to make sure that you are compensated fairly for the products and services that you provide.

There are not a lot of people who have the option to decide how they are paid. One NFL player, Russell Okung, decided that he was going to be paid this year in Bitcoin. For those who are looking at a USDC Exchange, what does this mean for the future? 

Bitcoin Has Become Popular

Without a doubt, Bitcoin has become incredibly popular during the past few years. About 10 years ago, it may have been possible to purchase a Bitcoin for less than a dollar, depending on the exact timing of the purchase. Now, a single Bitcoin is worth thousands of dollars.

Therefore, anyone who was able to jump into the cryptocurrency market back then has enjoyed tremendous returns on their investment. 

On the other hand, there is something very interesting about paying an entire salary in Bitcoin. A lot of people are wondering what exactly this will mean for the future. Does this mean that other people are going to be able to get paid in Bitcoin as well? 

Paying a Salary in Bitcoin: What Does it Mean?

Even though the Carolina Panthers certainly had their struggles on the field this year, it seems like some of their players are making interesting moves off of it. One of their offensive lineman, Russel Okung, decided that he was going to take half of his salary this year in the form of Bitcoin. His base salary this year was 13 million dollars, meaning that 6.5 million dollars of his salary were actually paid in Bitcoin.

Russell Okung actually has a startup that converts payroll direct deposits into cryptocurrency. Presumably, this is how he decided that he was going to get paid in Bitcoin. Given the tremendous value of Bitcoin right now and the pace with which it has grown, there is a good chance that this was a wise decision for him.

Depending on when exactly he decided to take his Bitcoin portion of his salary, it is possible that his salary may have grown many multiples already. Even though he had a generous salary this year already, it is possible that he could have made even more money as a result of his decision.

This begs the question, are other people going to be able to get paid in Bitcoin? Will they be able to enjoy the same privileges? The answers to these questions remain to be seen. 

Bitcoin Will Only Grow

Ultimately, there are still a lot of question marks and surrounding the cryptocurrency market. For example, some people are wondering if they will ever actually be able to pay for something using cryptocurrency. On the other hand, for now, cryptocurrency options, such as Bitcoin, are still exceptional investment tools.

Even though the value of Bitcoin has shot up during the past few years, a lot of people are wondering if this rise is going to continue. For example, there are some concerns that government regulations may play a role in the Bitcoin Market in the future.

At the same time, this might actually be good for the value of Bitcoin. It might make the market more attractive to institutional investors, such as large companies. It will be interesting to see what happens next for crypto.