As expected, former Clemson QB Trevor Lawrence was selected by the Jacksonville Jaguars No. 1 overall in the NFL Draft last night.
What most of us didn’t expect was that the Tennessee wonder boy would use his signing bonus to invest in cryptocurrency. Lawrence has partnered with Blockfolio, a crypto investment app, to invest his estimated $22,630,055 signing bonus in bitcoin, ether, and yes, dogecoin.
Big picture: Lawrence joins a couple other NFL players who are dabbling in bitcoin.
- In 2020, offensive tackle Russell Okung became the first NFL player to get paid in bitcoin when he diverted half his salary to the crypto.
- Like any Chiefs fan at 8am on gameday, tight end Sean Culkin was ready to go even harder and decided to convert his entire 2021 salary to bitcoin.
Looking ahead…it’s unclear what the multiyear partnership between Lawrence and Blockfolio means for the world of crypto or sports endorsements, but we’re guessing he’s got bigger dreams than a Wheaties box.