Sports and cryptocurrency appear to collide increasingly with each passing day. This is evident by the number of marquee names in the sports world that have recently started to invest in cryptocurrency and blockchain technology.
While some may see this as a fad, there are several very real advantages that sports teams and athletes can gain by investing in cryptocurrency through avenues such as NFL picks.
In this post, we will examine different sports that have already begun to invest heavily in cryptocurrency.
Soccer
One of the most widely known sports in the world, soccer has also been one of the quickest to embrace cryptocurrency. This is evident by the number of high-profile soccer players, including Lionel Messi, Cristiano Ronaldo, and Neymar, who have already invested in cryptocurrency.
Not to be outdone, many soccer clubs have also started to invest in cryptocurrency. One of the most notable examples is Juventus, the Italian soccer club worth over $1 billion. Juventus has partnered with Sirin Labs to create its cryptocurrency, the Juventus Official Fan Token.
Basketball
While cryptocurrency has made inroads in many different sports, it has been particularly popular in basketball. This is evident by the number of current and former NBA players, including Carmelo Anthony, Matt Barnes, and Andre Iguodala, who have already invested in cryptocurrency.
Not only are players getting involved in cryptocurrency, but many NBA teams have also started investing in blockchain technology.
The Sacramento Kings are the most notable example. In 2014, they became the first professional sports team to accept Bitcoin payments.
Football
While basketball may have been one of the first sports to start embracing cryptocurrency, it has since been joined by its close cousin, football. This is evident by the number of NFL players already invested in cryptocurrency, including Tom Brady, Russell Wilson, and Matthew Stafford.
Like basketball, many NFL teams have also started investing in cryptocurrency and blockchain technology, with NFL predictions now about crypto and how to use it.
The Dallas Cowboys are the most notable example, as they partnered with Ethereum to provide fans with a blockchain-based platform to buy tickets and merchandise.
Hockey
Hockey is another sport that has started to invest in cryptocurrency significantly. This is evident because many current and former NHL players, including Tyler Seguin, Mats Zuccarello, and Alex Ovechkin, have invested in Bitcoin.
Additionally, several NHL teams have also started investing in cryptocurrency. The most notable example is the Tampa Bay Lightning, which partnered with Blockstream to create its cryptocurrency, Lightning Bitcoin.
Baseball
Baseball has also started to invest heavily in cryptocurrency. This is evident because many current and former MLB players, including Bryce Harper, Alex Rodriguez, and Derek Jeter, have already invested in Bitcoin.
Similarly, several MLB teams have also started investing in cryptocurrency. The most notable example is the San Francisco Giants, the first professional sports team to accept Bitcoin payments in 2014.
Golf
Golf has also started to invest heavily in cryptocurrency. This is evident because many high-profile golfers, including Tiger Woods, Phil Mickelson, and Rory McIlroy, have already invested in Bitcoin.
Additionally, many golf courses have started accepting Bitcoin payments. The most notable example is the World Golf Foundation, which partnered with BitPay to enable Bitcoin payments at some of its affiliated golf courses.
Racing
Racing has also started to invest heavily in cryptocurrency. This is evident because many high-profile racing teams, including Red Bull, McLaren, and Ferrari, have already begun investing in Bitcoin.
Additionally, many racing tracks have started to accept Bitcoin payments. The most notable example is the Circuit of the Americas, the first Formula 1 racetrack to do so.
Mixed Martial Arts
Mixed martial arts has also started to invest heavily in cryptocurrency. This is evident because many high-profile fighters, including Conor McGregor, Ronda Rousey, and Brock Lesnar, have already begun investing in Bitcoin.
In addition, many mixed martial arts organizations have started investing in cryptocurrency. The most notable example is the Ultimate Fighting Championship, which partnered with Block. One to launch its cryptocurrency, UFC Coin.
Verdict
The worlds of sports and cryptocurrency are becoming increasingly intertwined. Sports teams and athletes are beginning to see the benefits of investing in cryptocurrency and blockchain technology as they explore NFL expert picks. This trend will continue as cryptocurrency’s benefits become widely known and accepted.
