Aaron Rodgers $1M Bitcoin Cash App Giveaway Sees Fans Thank NFL Quarterback

Twitter users are sending thanks to NFL star Aaron Rodgers after he pledged to send a total of $1 million dollars' worth of Bitcoin to a number of Twitter followers.

In what appears to be a promotional move, the rules are that people must tweet the #PaidInBitcoin hashtag, follow the Cash App platform, and provide their Cashtag name which allows people to send them money online.

According to multiple users, Rodgers had made a number of donations through Monday evening, though it's not clear how close close he is to meeting the $1 million total giveaway amount as of Tuesday morning.

"I believe in Bitcoin & the future is bright," the NFL player said in a tweet. "That's why I'm teaming up with Cash App to take a portion of my salary in Bitcoin today.

"To make Bitcoin more accessible to my fans I'm giving out a total of $1M in BTC now too."

It should be noted that online scams often hide behind a false cryptocurrency giveaway. A number of times this year, people have fallen victim to scammers who promise to double their money or similar if they send over a certain amount of Bitcoin.

In any case, based on screenshots posted online by people who claimed Rodgers paid them, the amount received varies and users have reported getting between $10 and $100.

In a statement to Newsweek, a Cash App spokesperson confirmed that "winners are selected at random and can receive anywhere from $10 to $100 in bitcoin as part of the giveaway" and that the amount received is "nothing to do with the price of BTC."

Rules of the giveaway can be found on Cash App's website here, and note that no purchase is necessary to enter.

Rodgers plays as a quarterback for the Green Bay, Wisconsin NFL team the Green Bay Packers. He is followed by 4.4 million people on Twitter.

Clothing brand owner and verified user RealJtHolmes provided a screenshot of a phone notification that showed Rodgers had sent him 0.00016414 Bitcoin—equal to around $10.11 as of 4 a.m. ET on Tuesday morning.

Another verified user also shared a phone screenshot, which showed that they received 0.00016428 Bitcoin—$10.12 at 4 a.m. ET on Tuesday.

Cryptocurrencies are infamously volatile and experts have previously warned Newsweek about the risks and dangers associated with trading them.

As of 4 a.m. ET on Tuesday morning each Bitcoin was worth $61,581, down around 1 percent over the previous 24 hours, according to CoinMarketCap.

Its market capitalization—the total value of all Bitcoins in circulation—was over $1.1 trillion.

Bitcoin reached an all-time high of $66,930 last month having had a tumultuous year. The cryptocurrency token had previously beaten the $60,000 mark back in April, before a market-wide crash more than halved its value through the summer.

In September this year, the cryptocurrency website Bitcoin.org appeared to have been hacked by an apparent giveaway scam. Users were met with a pop-up that claimed people would have their money doubled and sent back to them if they sent a donation to a certain cryptocurrency wallet.

According to CoinDesk, the giveaway scam's wallet address had received more than $17,700 in small transactions on the morning of September 23. The site then temporarily went offline.

Update 11/2/2021, 12:19 p.m. ET: This article has been updated to include a Cash App statement clarifying details of the giveaway.