Published by
The Street
The Street
By Luc Olinga The fall of bitcoin has melted the salaries and incomes of many athletes and politicians who asked to be paid in cryptocurrencies. It’s a bet that has so far turned sour. Many stars, especially from the National Football League and top politicians like the mayors of Miami and New York have gambled on getting paid in bitcoin and ether, the top two cryptocurrencies by market value. But the rout in the crypto market, which has lost more than $1.2 trillion since its highs in early November, has significantly affected their payroll. Bitcoin, which hit $69,044.77 on Nov. 10, has lost m…
