When will NBA teams start paying Bitcoin to their players?

[cheezcarls]

I know this is crazy for non-Bitcoiners, but for me, it's a possibility.

I came across an article from Bitcoinist about NFL players preferring to get paid in Bitcoin than fiat money. They're joining the revolution.

Source: https://bitcoinist.com/pay-in-bitcoin-nfl-players-join-russell-okung/

In the NBA, the Sacramento Kings are the first NBA team to accept Bitcoin payments via BitPay, and Golden State Warriors' sponsor, Rakuten, bought a crypto exchange.

I wonder when NBA players will start doing their own revolution by forcing their respective teams to pay them in Bitcoin?

I would love to see this coming, but what are your thoughts on this one guys. Any feedback will be appreciated.

Cheers!

[chaoscoinz]

I know this is crazy for non-Bitcoiners, but for me, it's a possibility.

I came across an article from Bitcoinist about NFL players preferring to get paid in Bitcoin than fiat money. They're joining the revolution.

Source: https://bitcoinist.com/pay-in-bitcoin-nfl-players-join-russell-okung/

In the NBA, the Sacramento Kings are the first NBA team to accept Bitcoin payments via BitPay, and Golden State Warriors' sponsor, Rakuten, bought a crypto exchange.

I wonder when NBA players will start doing their own revolution by forcing their respective teams to pay them in Bitcoin?

I would love to see this coming, but what are your thoughts on this one guys. Any feedback will be appreciated.

Cheers!

Good to see awareness being raised these days, but anybody can recieve Bitcoin through Bitpay and other services that can convert your hard earnings into digital gold.Cheers, this feels like the year we hit the straight and narrow, I hope there's no more artificial pumps the rest if the year.

[spadormie]

I'm hoping for this because this could lead us to massive adoption. We could have a massive adoption from this because of the payments for players of the NBA is worth a lot. Imagine paying LeBron James in bitcoin? A $156M in bitcoin would probably be BTC17,760.18 that is converted via coingecko. But that's not it, pay other stars and other players and NBA should have BTC1m in order to pay them all. But by that, the supply might ran out.

[eternalgloom]

How could anyone know this without having access to insider information?
No offense, but this is such a random question, I kinda wonder why you want to speculate on something as random as this

[Ailmand]

I know this is crazy for non-Bitcoiners, but for me, it's a possibility.

I came across an article from Bitcoinist about NFL players preferring to get paid in Bitcoin than fiat money. They're joining the revolution.

Source: https://bitcoinist.com/pay-in-bitcoin-nfl-players-join-russell-okung/

In the NBA, the Sacramento Kings are the first NBA team to accept Bitcoin payments via BitPay, and Golden State Warriors' sponsor, Rakuten, bought a crypto exchange.

I wonder when NBA players will start doing their own revolution by forcing their respective teams to pay them in Bitcoin?

I would love to see this coming, but what are your thoughts on this one guys. Any feedback will be appreciated.

Cheers!

Well, this is something to wait for. If NBA stars gets paid via bitcoin and they will start using or holding it this can boost the market and raise awareness. I think this will come soon, most people will have an option to get their salary payment in BTC or fiat. This will be convenient for both parties since it only takes a click and seconds for the payment to go thru and without using banks which will cut fees.

[blitzy]

Unlikely with the current confusion regarding taxes with bicoin, though it would be possible for a player to declare he's moving all of his payments over to bitcoin which would garner about as much media attention especially if it's a well known player.

[traderethereum]

Although it is possible, we don't know when they will use bitcoin to paying their players, but I don't think that they will do that with shortly.
I think many of them still don't know bitcoin and they still prefer to receive money in fiat so then the money can be transfer to their account.
And once they accept bitcoin as the payment like the other teams, that will be a new revolution in the sports and that will spread to their fans.

[xvids]

Well it is good to see that those Big players are also joining crypto and wants to be part of this,
And it is good for us since they would surely be one of the reason why the price of crypto would rise soon.
So let's just hope that more and more athletes not just in BasketBall but also in other sports would be interested to join too.

[ene1980]

I know this is crazy for non-Bitcoiners, but for me, it's a possibility.
In the NBA, the Sacramento Kings are the first NBA team to accept Bitcoin payments via BitPay, and Golden State Warriors' sponsor, Rakuten, bought a crypto exchange.
I wonder when NBA players will start doing their own revolution by forcing their respective teams to pay them in Bitcoin?
I would love to see this coming, but what are your thoughts on this one guys. Any feedback will be appreciated.

It is not a realistic possibility from my perspective as the players are earning millions and i really do not think that they will be happy to settle their salary in bitcoin as it is really volatile to accept it as a salary, no one will force anyone to pay them using bitcoin or any other form of payment, but they might take smaller payments in bitcoin and not the entire salary. I support bitcoin but that does not mean that i will be happy getting my salary in bitcoin  .

[tomahawk9]

In the NBA, the Sacramento Kings are the first NBA team to accept Bitcoin payments via BitPay

I didn't know this so I had to look it up to see if it's true...and it is: http://www.espn.com/nba/story/_/id/10303116/sacramento-kings-become-first-pro-sports-team-accept-bitcoin

I wonder when NBA players will start doing their own revolution by forcing their respective teams to pay them in Bitcoin?

That wouldn't the right to do. They should just follow what the NFL players are doing, simply voice your opinion regarding payment in BTC.

Also, big thanks to these NFL players for giving Bitcoin some free publicity, especially now during a bull run 

[harizen]

Not necessary to create a thread a like this honestly.

You can share your thoughts at NBA discussion thread since after all, we are in a crypto forum so that's not an off-topic question there.

Back then, I remembered we had a conversation there about the same concern. Aware of Mark Cuban? One of the popular team owners in the NBA (Dallas Mavericks, my fave team). Search for Mark Cuba with a term "crypto" at your favorite search engine and you can look at some details you will find at search results. Not a direct involvement about your concern but still a crypto related thing and one step towards NBA accepting crypto.

P.S Search also for NBA team's overall salary space cap and you will realized something.

[BitBustah]

If this actually happened this would drive demand up and bitcoin would rise significantly.  This will ever happen though, its far too volatile for agents to let their players get paid in btc.

Mavericks aren't actually accepting crypto, they are using a 3rd party processor so they are just receiving cash.

[davis196]

I know this is crazy for non-Bitcoiners, but for me, it's a possibility.

I came across an article from Bitcoinist about NFL players preferring to get paid in Bitcoin than fiat money. They're joining the revolution.

Source: https://bitcoinist.com/pay-in-bitcoin-nfl-players-join-russell-okung/

In the NBA, the Sacramento Kings are the first NBA team to accept Bitcoin payments via BitPay, and Golden State Warriors' sponsor, Rakuten, bought a crypto exchange.

I wonder when NBA players will start doing their own revolution by forcing their respective teams to pay them in Bitcoin?

I would love to see this coming, but what are your thoughts on this one guys. Any feedback will be appreciated.

Cheers!

This is good news.I am not a big basketball fan, but most of the NBA players have really high salaries and if they join the crypto world as traders and investors,it will have a huge impact for sure.

[omone1]

I believe it's going to be a matter of time before bitcoin acceptance as a means of salary and allowance payment to professional sport men and women  become a well sort after deal. Who doesn't like a currency that grows in value without paying tax on the growth or even have to undergo rigorous brain work of when to make a fixed deposit and liquidate same. Bitcoin is a perfect solution for all these almost low interest paid of fixed deposit in the bank.

[Genemind]

This would bring a big impact on Bitcoin. NBA players would be huge influencers and even their supporters would surely switch and choose Bitcoin as a mode of payment.
Famous people who are purchasing or investing in crypto would also bring a massive adoption.

[rdbase]

I first heard about a similar story happening in one of the professioanl european soccer leagues where they were going to start paying their players in bitcoin. But never followed up on it. Cant even remember the name of the team to be honest. But they were definitely being paid in a cryptocurrency for their salaries.
Didnt know it was offered to the NFL but for the NBA I imagine they are saying accepting bitcoin payments for merch at their stores and not paying they players in bitcoins. Because their salaries are astronomical and with the instability of cryptocurrency they wouldnt take a paycut on any given day.
Even a $100 difference in bitcoins price would mean a couple of $10k difference when they are getting paid in the millions.

[BitBustah]

I know this is crazy for non-Bitcoiners, but for me, it's a possibility.

I came across an article from Bitcoinist about NFL players preferring to get paid in Bitcoin than fiat money. They're joining the revolution.

Source: https://bitcoinist.com/pay-in-bitcoin-nfl-players-join-russell-okung/

In the NBA, the Sacramento Kings are the first NBA team to accept Bitcoin payments via BitPay, and Golden State Warriors' sponsor, Rakuten, bought a crypto exchange.

I wonder when NBA players will start doing their own revolution by forcing their respective teams to pay them in Bitcoin?

I would love to see this coming, but what are your thoughts on this one guys. Any feedback will be appreciated.

Cheers!

This is good news.I am not a big basketball fan, but most of the NBA players have really high salaries and if they join the crypto world as traders and investors,it will have a huge impact for sure.

I do love basketball but it kind of makes me sick to think about how much money to make and all they do is throw a ball into a hoop while people are slaving away in factories all day and don't even have enough to sruvive.

[Twinkledoe]

I'm hoping for this because this could lead us to massive adoption. We could have a massive adoption from this because of the payments for players of the NBA is worth a lot. Imagine paying LeBron James in bitcoin? A $156M in bitcoin would probably be BTC17,760.18 that is converted via coingecko. But that's not it, pay other stars and other players and NBA should have BTC1m in order to pay them all. But by that, the supply might ran out.

For sure, the value of bitcoin will go high if they will be paid in btc. The supply will not ran out.   The value will tremendously increase though. That would be a great day for all crypto enthusiasts and holders out there. Couldn't wait to experience that day.  

[shield132]

Don't get it wrong but despite the fact that I love bitcoin, I don't want to go btc that far. It must be just 21M in overall, price will skyrocket maybe if it gets so massively used but bitcoin wasn't designed for that, at least to my mind. Small increase in demand causes rise of fees, can't imagine current bitcoin can proceed 10x transactions well with low fees + what will happen once 21m gets mined? Even risky to get it massively addapted. Btc was working wonders some years ago.

[kotajikikox]

How could anyone know this without having access to insider information?
No offense, but this is such a random question, I kinda wonder why you want to speculate on something as random as this

Its truly real and frankly opinion, how does this become reality if there no one can introduce to them all about what is bitcoin qnd how it is importanace.