Chilling with Bitcoin: Luge Team’s Bold Moves
The 2018 Winter Olympic Games are set to become a hotbed of conversation, thanks to a surprising contender making waves in the crypto world: the USA Luge team. No, they aren’t using their sleds for a money-making scheme, but they might just be carving a new path for cryptocurrency in sports.
Breaking the Ice on Crypto Fundraising
The USA Luge Foundation has taken a pioneering step by embracing Bitcoin donations. It’s like Cool Runnings, but instead of Jamaican bobsledders, we have American lugers touting their passion for crypto. Since December 2017, the foundation has been campaigning on Medium, inviting fans and supporters to donate Bitcoin towards their journey. While the Olympics might not allow them to wear sponsor logos (sorry, Bitcoin fans!), they’re ready to promote the cryptocurrency at future competitions, depending on how well they fundraise.
Speed Meets Blockchain: The Financial Strategy
What’s more thrilling than flying down an icy track? Flying down that track and accepting Bitcoin! The USA Luge team claims to be the first Olympic group in the U.S. to set up their own Bitcoin wallet. As they navigate the twists and turns of the luge, they’re also navigating the twisty world of Bitcoin investments. Gordy Sheer, double silver medalist and current marketing director, expressed their shared passion with Bitcoin supporters, stating how both endeavors require courage and commitment in the face of skepticism.
Backers of the Bobsleigh: Investing in the Future
Among the first to donate to this exhilarating cause was Ty Danco, a former Olympian turned Wall Street investor. Danco views this investment as a long-term play, echoing the philosophy of investing in sports without shortsighted motives. With their eyes set on the 2022 and 2026 Olympic Games, the team is fostering ambitions of expanding their operations and creating grassroots programs — all while harnessing Bitcoin’s potential.
Crypto Advertising: Riding the Trend
But wait, there’s more! The USA Luge team isn’t stopping at just accepting donations. Depending on the volume of Bitcoin they successfully reel in, they have exciting perks in store. They promise to showcase Bitcoin logos on their gear, starting from hats to team suits, and even on their sleds. Imagine this: As viewers cheer from their couches and stands, they’ll spot Bitcoin branding zooming past them at breakneck speeds.
Ethereum in the Land of Morning Calm
As the games evolve, one can’t help but wonder about the broader impact of cryptocurrency. While expectations were high for a crypto-friendly environment during the Pyeongchang Olympics, only a handful of vendors are stepping up to the plate. One notable example? A ski-rental shop happily accepting Ethereum, proving that despite being in the crypto shadows, virtual currencies are gradually making their mark.
The Future of Crypto and Sports
The integration of cryptocurrency into mainstream sports is more than just a financial experiment; it’s a glimpse into a future where payment methods could evolve faster than Olympic records. And with teams like the USA Luge leading the charge, we’re left wondering: How long before we see an entire league devoted to Bitcoin enthusiasts? Ladies and gentlemen, prepare your wallets; the future of sports just got a little more thrilling.
