Trevor Lawrence Reportedly Lost $22 Million Due To Cryptocurrency Crash, Bitcoin, Salary, Jacksonville Jaguars, Odell Beckham Jr, Full Salary Paid In Bitcoin, Latest Updates

A number of sports stars have been caught up in the recent cryptocurrency crash, with star quarterback Trevor Lawrence reportedly losing A$22 million.

A graph based on figures provided by CoinJournal has surfaced on social media and shows a list of athletes who had suffered significant losses by accepting part or all of their salary in the form of virtual currency.

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Fellow NFL stars Saquon Barkley and Odell Beckham Jr were named alongside Lawrence, as was four-time NBA champion Andre Iguodala.

However, there is speculation as to whether Lawrence actually lost that exact amount of money.

Trevor Lawrence could have lost big due to the recent cryptocurrency crash. (Photo by Douglas P. DeFelice/Getty Images)Source: Getty Images


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In April last year, Lawrence partnered with Blockfolio, a crypto tracking app.

The deal would see the Jacksonville Jaguars star receive his entire $34 million signing bonus paid in crypto.

But with the value plummeting lately, that $34 million is now worth $12 million.

Still, that doesn’t quite mean Lawrence sat back and watched his bonus dwindle quickly.

When the 22-year-old signed his sponsorship deal with Blockfolio in April last year, Bitcoin was valued at 77,000.

He could have withdrawn his money when Bitcoin was at its peak in October, when it was valued at $94,000 and making a significant profit.

But if he stuck with it, he certainly suffered a big loss.

Among the group of players listed by CoinJournal, there was only one player who put his entire salary into cryptocurrency: Beckham Jr.

When he signed with the Los Angeles Rams in November last year, Beckham Jr received a base salary of $1 million and later announced that he would receive the salary package in the form of Bitcoin.

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