The price of cryptocurrency has fallen in recent weeks, there's been an increase in scrutiny.
Trevor Lawrence- Price of Crypto
Jaguars football player Trevor Lawrence lost $15 million after he took his whole $24 million bonus.
Trevor Lawrence- Jaguar Football
Lawrence stated this on Twitter today in a tweet, explaining that when he stated about crypto.
Trevor Lawrence- Twitter Today
He received a cryptocurrency-based signing bonus the reference was to the bonus.
Trevor Lawrence- Signing Bonus
Trevor wasn't speaking of his signing bonus of $24 million as the first overall selection in the last NFL draft.
Trevor Lawrence- First Overall Bonus
First of all, NFL players can't actually receive their money in cryptocurrency. They are paid by U.S. dollars.
Image Source- Awful Announcing
Trevor Lawrence- Receive Money
The tax on income is taken from players' salaries which means that Lawrence did not have $24 million.
Image Source- The Guardian
Trevor Lawrence- Income Tax
But, as previously mentioned, Lawrence did not put the entirety of his signing bonus into Bitcoin.
Trevor Lawrence- Did Not Put Entire
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