Word on the streets is that football player Trevor Lawrence's wealth may have decreased by $15 million because of the Bitcoin crash.
The crypto crisis of 2022 is causing pain in all corners of the community. However, it is notable that many large investors seem to put their money in Bitcoin. That's what Trevor Lawrence did. Trevor is a famous American football quarterback who plays for the Jacksonville Jaguars in the NFL.
The coin was valued at around $54k a piece when he received his BTC bonus. Since then, BTC has lost close to 60% of its value. At press time, BTC is worth approximately $20,700.
Trevor Lawrence is not the only sports personality betting on cryptocurrencies. According to a list published by Sentinel reporter David Furones mentioned above, several others did the same. Still, Trevor put in the highest amount.
Loss reports have fueled a debate about whether it is brilliant to put money into cryptocurrencies like BTC. According to some, who somehow seem to not know much about the cryptocurrency industry, it is a wrong move that leads to losing money. We can see this notion in how Trevor's apparent loss is reported. From a rookie's point of view, he completely lost money. From a crypto standpoint, something temporarily devalued his BTC reserve.
The cryptocurrency market had its ups and downs over the years. A bear market, no matter how long it takes, always turns into a strong bull run. In this case, Trevor Lawrence could make enormous profits when BTC finally pumps if he doesn't cash in his reserve.
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