Barkley’s decision is being seen as an indication of cryptocurrency’s growing popularity despite its volatile nature, a report said. A tweet by Joe Pompliano, who is into breaking down the business and money in sports, says Barkley makes more than $10 million (roughly Rs 74.6 cr) annually in endorsements. He, now, expects this money in Bitcoin, which over the past month or so hasn’t had a great run in the market. Bitcoin price in India has also seen massive fluctuations this year, as has been the case with much of the cryptocurrency market.
Bag: Crypto slang for a large quantity of a specific cryptocurrency. Alternatively, (but less frequently) used to refer to the contents of an individual’s crypto portfolio. The term is useful in distinguishing between different coins or tokens within an individual’s overall portfolio.