Investment in cryptocurrency soared over the last few years and even the NFL got involved, accepting sponsorships from companies devoted to that trade. However, the crypto market has crashed over the last few months and it may no longer be a good idea to get into the game. One of those affected was Trevor Lawrence but not nearly as bad as it was suggested.

SB Nation claimed in a now-deleted message on Twitter that the Jacksonville Jaguars quarterback had lost a good chunk of his rookie signing bonus after investing it in crypto money. Here’s how the tweet read:

“Last year, Trevor Lawrence announced his entire $22.9M signing bonus would be placed into a cryptocurrency account. Since then, the combined value of that wallet has fallen more than 60%, currently valued around $9M”.

The thing is that this claim was not accurate. Lawrence did not make such thing. Instead, he signed an endorsement with Blockfolio, owned by FXT. In a press release, the aforementioned company said “significant bonus has been paid entirely in cryptocurrency” but never did it state it was the rookie signing bonus after being drafted first overall by the Jaguars. Rather, the young passer got a signing bonus from Blackfolio. Lawrence eventually caught wind of the news and swiftly dismissed it.

Blackfolio is one of many companies that endorse Trevor Lawrence

The claim of Trevor Lawrence losing more than half his rookie bonus after a bad investment got plenty of attention because of its shocking nature....

Read Full Story: https://blackandteal.com/2022/06/23/trevor-lawrence-pushes-claims-crypto/