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Business of Sports: NFL Business Podcast

Chiefs TE Sean Culkin On Why He's Taking his NFL Salary in Bitcoin

Business of Sports: NFL Business Podcast

NFL Business

Sports News, News

4.8607 Ratings

🗓️ 27 April 2021

⏱️ 45 minutes

🧾️ Download transcript

Summary

Kansas City Chiefs Tight End Sean Culkin talks with Andrew Brandt on this week's podccast about his decision to take his 2021 NFL salary in Bitcoin. Specifically he talks about: - His background in finance. (9:50) - Sound Money. (17:13) - Comparing cryptocurrencies to gold. (18:17) - How his salary will be converted from USD to Bitcoin. (20:18) - Why Sean believes Bitcoin is not a bubble. (24:12) - Tax implications for selling Bitcoin. (26:14) - Why Sean doesn't plan to ever sell his Bitcoin. (27:38) - Investing in other cryptocurrencies & NFTs. (34:57) - The Chiefs 2021 outlook. (41:00) linktr.ee/BusinessOfSports Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey there, boys and girls. Welcome to another edition of the Business of Sports with Andrew Brandt.

0:04.0

You know, we're in draft week. I'll give you a rant to my famous Aaron Rogers story I tell every year.

0:08.9

But what a show we have today. It just came out over the weekend of the first NFL player that's going to accept his entire salary in Bitcoin this year has been announced.

0:20.3

He was embargoed until today, and it came out.

0:23.4

His name is Sean Colkin of the Kansas City Chiefs, accepting his entire salary in Bitcoin.

0:29.5

I thought it was a fascinating story as we're on the cusp of something very different.

0:34.3

And the same day, Trevor Lawrence, cryptocurrency endorsement with

0:39.0

block polio, a lot going on in the space that a lot of people like me aren't too invested in,

0:44.4

but I'm learning. I'm learning. And what better way to learn than have on on the first day it's

0:49.6

announced the first player in NFL history takes entire salary in Bitcoin.

0:55.0

That's coming up.

0:56.5

What a show we have today?

0:58.0

First, a word from our sponsor, Draft Kings.

1:00.6

For some of the NFL drafts, the most exciting day of the seasons,

1:03.7

for others a chance to build on last year's success.

1:06.6

Whether your team is the first pick or the laugh,

1:08.7

Draft Kings is bringing the excitement of the draft to you,

1:12.8

now you can get $50,000 up for grabs.

1:16.2

So their pools are easy to play.

1:19.1

Just download the Draft Kings app.

1:20.6

Go to pools, choose from a wide variety of free contest for an opportunity to win cash prizes.

1:26.6

It's hosting a draft night specific pool,

...

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