As many of you may know there have been many statements coming from reputable persons reflecting on the BTC price. The special accent was given to advantages of investing in Bitcoin. Recently, the General Manager of Houston Rockets advocated for the buying of cryptos. Hence, Houston Rockets is associated with Bitcoin.
Cryptos and Its Advantages
There are always experts advocating for or commenting on cryptocurrencies. However, nothing can compare with the news of a famous person adopting the usage of cryptos. It promotes reputability and reliability of trading and investing in cryptos.
Daryl Morey, the General Manager of the Houston Rockets basketball team, has reportedly stated that he had bought more BTC. The Internet exploded.
What this actually means? As we have written before, cryptocurrencies, and Bitcoin as the leader, serve as alternative means of payment. Their role proved to facilitate the money transfers. Moreover, as many experts claim, cryptos can take away the hassle of investing worldwide. Furthermore, the crypto world can be a safe place to trade if a person or a company is coming from economically suffering fiat markets. There have been many cases reported when a crypto market helped the people in need or the local economies that were in turmoil.
The main advantage of crypto usage is its anonymity and speed. The two things that businesspeople regard the most.
The Houston Rockets Example
In case of Houston Rockets Manager, we could say that it is not a surprise one team’s name is associated with the crypto currency. All cryptos function on blockchain. This technology provided the means for accurate, fast, and anonymous sharing of data in many industries. Sports people share the same dynamics. They also know that possibilities are limitless in both sports and finance.
Other Sports Examples
Houston Rockets is not the first team related to cryptos. Recently, we read about the case of Dallas Mavericks. This team accepted Bitcoin as the means of payment for tickets and merchandise.
Sacramento Kings was the first NBA team to recognize the potential of cryptos and to accept Bitcoin for tickets and promotional products.
Additionally, many individual sports stars have joined their names with certain cryptocurrencies. Remember Dennis Rodman and his “notorious” t-shirt when visiting Singapore? Or Lionel Messi and his endeavor with Sirin Labs? It was way back in 2017 and he issued an official statement saying:
“I am usually busy trying to decentralize defenses and after digging deeper into blockchain and decentralized systems, I’m excited to join Sirin Labs as an ambassador to make blockchain more friendly with their upcoming operating system for smartphones”
When a person with almost 130 million followers issues a statement of this kind, the marketing is basically developing on its own.
The Strange Example in the Formula 1 World
One of our favorites, apart from NBA and NFL teams, is the story of Red Bull Racing and FuturoCoin partnership. Reportedly, they team-up for a few years and will feature FuturoCoin logo on Aston Martin Red Bull Racing RB15, as well as on team transporters and drivers’ overalls. Interestingly, the value of Red Bull as a company has been estimated at $10.4 billion. Although the price of FuturoCoin showed some tumultuous trends in the past, the analysis does not predict the breakdown.
Cryptos can be unpredictable. However, when teamed up with prominent names and teams, the odds are on their side. We can only wait to see the outcome.
Do you think sports teams and cryptos are playing for a mutual cause?