Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: emma.lee1890 on November 15, 2018, 06:58:03 PM
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So, with the increased popularity of Bitcoin among investors and sports enthusiasts some professional sports teams and athletes have landed crypto sponsorship's which I think is a great way of spreading the word about the crypto revolution worldwide. Elite sports leagues have a huge fan base and attract millions of viewers every year so the crypto industry as a whole can reach a lot of prospective crypto users all over the world. For example, football is probably the most popular sport in the world and the Premier League is one of the most watched championships and a Polish crypto-currency exchange Coin-Deal has opted to become jersey sponsors of the newly promoted club Wolverhampton Wanderers. Arsenal signed a deal with US crypto-currency gaming platform Cash-Bet Coin in January, too.
Some professional players are promoting crypto projects as well. Lionel Messi is advertising the world's first mass-produced blockchain phone,
James Rodriguez has issued his own crypto-currency asset, and Eden Hazard and Sergio Guerrero endorse a company making a sports industry block-chain. I don't think that they have the ability to match the money that is coming in from the traditional sponsors which are going to be the auto companies, financial sector, etc and so on and so forth. If the profitability is there, and these companies are able to match the funds which these other sponsors are giving out. I don't think this is going to be possible for crypto companies, as they don't have the type of profit during this growth stage to be able to match these other companies. So no, I don't think it's going to happen -- and if it does I don't see it having an impact.
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Despite its volatility, what has become apparent is that crypto is here to stay and with the emergence of this new asset class is an underlying technology called blockchain that is gradually seeping into the walks of everyday day life including sports.
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From my point of view its a very good news. Crypto expand their market in every where. Now the popularity is reach the top level so its very natural that crypto sporsor the professional sports. It will create positive image through the people.
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I think as great at 2018 has been for the blending of Cryptocurrencies and sports, 2014 was an even bigger year. Much like 2018, 2014 was a bear year that immediately proceeded what was at the time Bitcoin’s biggest bull market in its history.
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I think this a good development in the right direction
The idea will increase the adoption rate of cryptocurrency as many sports anthusiastics are given the opportunity to join cryptocurrency.
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Good development
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I think as great at 2018 has been for the blending of Cryptocurrencies and sports, 2014 was an even bigger year. Much like 2018, 2014 was a bear year that immediately proceeded what was at the time Bitcoin’s biggest bull market in its history.