Bitcoin Forum

I have long been having a thought over this. The sports and entertainment industries gets more attention to themselves unlike other industries. I believe also that they have or share fans that are into blockchain as well. If these two industries looks into blockchain I believe there would be a strong massive adoption as a result of their total engagement with their fans if they constantly accept Bitcoin payment for their shows and events. Like some clubs already doing this and the response is welcoming.

If musicians do follow same step, I think there would be massive adoption as most of them are Bitcoin informed and  inclined. Artists could help spread the move on Bitcoin adoption.


Do you think this would be realized if it is given attention to.

Sport helped in bitcoin adoption, it makes deposit and withdrawal easier, unlike fiat cross border transfer which could be annoying at times. It also helps in privacy. But now that most bitcoin casinos are demanding for KYC as they are getting popular, privacy while gambling is now becoming the thing of the past.

Also later that altcoins are created, bitcoin gambling sites and the new gambling sites that are accepting bitcoin and also accepting altcoins. Some of the gambling sites even now are having their own tokens, but bitcoin continued to increase in value though.

If a musician follow a law suit? How is that supposed to be related to bitcoin adoption? What I just know is that as people get to know what bitcoin is, they see it as a good means to hold value and an investment. These as been the main reason for the most adoption.

You are just too late, meaning that plenty others have been noticing this in the past years.

In 2014 already, Dogecoin holders have sponsored and painted (nicely!) a car for NASCAR.
I don't know, I think it was in 2017 I think when some Monero holders were trying to get people from entertainment area advertise Monero.
Kim Kardashian was already fined for shilling some other coin.
Crypto.com is very present in Formula 1.
Many platforms are sponsoring football teams, formula 1 cars and many other sports.
...and this is only the small part I know of.

As you can see, it happens already on a pretty big scale, and not only for bitcoin.
But bitcoin itself is a somewhat different story. Bitcoin has not CEO, it's not a business per se, it doesn't have funds for advertising. Bitcoin related businesses have that. So Bitcoin itself won't advertise itself, but Bitcoin companies should advertise both themselves and Bitcoin too. Could this be done at a larger scale? Most probably. But overall it's not a new idea.

 Follow suit edited as you did not get my explanatory.

Every industry with a a wide customer base could play a huge role in the adoption of blockchain technology.
Sports and entertainment are one of the largest global industries and has had a role in the growth of several crypto related niches over the years.

People act on their personal gain or interest. We have had companies, trust funds, payment gateways and even individuals like Elon associate with Bitcoin to market themselves or their services.
If musicians or sport teams do not see the personal gain, they would most likely not associate with the technology.

Bitcoin is already quite big with these industries because of sports betting. With countries and states where sports betting might not be legal(or maybe just have difficulty with depositing fiat money), people have the option of using bitcoin deposits (plus a VPN, probably) to get around this problem.

You only mentioned two industries that accept Bitcoin. There are more industries accept Bitcoin too and are they not important for Bitcoin adoption?

Sports related to gambling and you are right about that. Bitcoin and early altcoins like Dogecoin were accepted for gambling years ago and they are continuing to be used in that industry.

Recent years, we see more crypto-gambling casinos partner with football clubs and have their logos on club jerseys. The same for cryptocurrency exchanges like Binance and OKX.

Other industries have big role in Bitcoin adoption too and they decide how we see the adoption grows in future. We need more adoption for Lightning Network to bring Bitcoin to more industries and more people.

The influence of sportsmen and entertainers of every sector cannot be overemphasized. Most of them have a very large fan-base and fellowship that some Presidents of nations don't have. Some of them have die-hard followers that see these celebrities are demigods. Yes, they are one of the potent means of advertisement. In my country most cryptocurrency firms use musicians as their brand ambassadors and it has really contributed to their acceptance.

Due to the influence most of these celebrates have on their followers, most crypto companies use them to take advantage of their fans. We have had issues where fraudulent companies connive with these stars to defraud people. Many scam firms have paid these celebrities heavily to promote their services or shitcoins thereby attracting unsuspected investors that ended up losing their funds.      

Yes, I think I am gonna agree with you that certainly entertainment and sports re two big industries that can help a lot in pushing for the Bitcoin narrative. And in fact, for the past many years, there had been many known personalities working in the two industries who have become big allies and some of them even promoting Bitcoin but due to the crypto winter we seldom hear from showbiz people and players who are talking on Bitcoin...maybe they are just waiting for the bull run to get back on the scene. For sure, star power can be of big importance so as to reach as many people as possible and deliver the Bitcoin message to everyone.

Many countries adopting the bitcoin for their transaction like payments of salary to their employees.Mostly people with huge knowledge will try to use of the technology.Because technology plays huge role in the way of new adoptions.People get some additional money in near future,if they get paid in terms of bitcoin.Never worry about the pumps and dumps in the price of bitcoin.

I think that the adoption of bitcoin and cryptocurrency in the auto industry will somehow be a profound turning point. it is something that is actively used every day by a huge percentage of the population.
Advertising in Formula 1 (not crypto.com only) is a good step forward, but one must go further than the promotion itself. necessary utility value that is clear to ordinary people not well-versed in crypto.

That's a good thought of an idea but surprisingly we have alot of industries already into the adoption of the blockchain technology right now while some are still coming in, they got a number of deals to sign MoU with their representing companies or organizations to implement this and i think accepting bitcoin as a payment currency is already in place to an extent, though may not have gone widespread, some were even showing the bitcoin advertisement in their live matches and spectators uses the option of bitcoin to serve as payment in specific locations where acceptable, but know that this does not got limited to the sport and entertainment industry alone, other industries where involved as well such as medical, tech, education and even political professions all uses the decentralized network of blockchain in one way or the other together with bitcoin.

Sports have been long influenced by crypto, specifically sports betting. Some sports tournaments have been filled with crypto exchange ads as well iirc, and maybe even some shitcoins (not sure about this one). Influencers as well have been into crypto, look at Elon himself with Doge, and it also shows how his influence has been pretty big in consideration of the doge market.

Exchanges are companies in the end and they can pay advertisements and stuff like that from events, which in turn advertise crypto itself. Musicians, Artists, whatever you call it can be covered under influencers imo so they only need to publicly state it in social media and they can basically use that to their advantage.

As far as I know, sports have been in the forefront of crypto already, even the biggest sporting event in the world FIFA has a partnership with crypto projects,

https://www.fifa.com/about-fifa/president/media-releases/fifa-announces-partnership-with-blockchain-innovator-algorand

And in the NBA, the Lakers home court is now renamed to Crypto.com

As for the entertainment, well it's a different story, there are many celebrities who promoted certain project but it turns out to be a scam, and the latest is Kim K.

https://www.sec.gov/news/press-release/2022-183

But as others have said, good or bad publicity is still publicity and in this case for cryptos.

Definitely it would be realized if it is given an attention.  Sports and entertainment is a huge industry and has huge influence on masses.  If these industry implement Bitcoin transaction, it would spread like a wild fire making Bitcoin exposure easier.  Ever think about big stars talking in the tri-media that they are getting paid in Bitcoin...  that would be a huge push for Bitcoin promotion and adoption.

Already few club players have begun to receive their payment in Bitcoin. From the very beginning sporting industry and entertainment industry have made good contribution. However it can't defeat the hotel network and the gambling industry participation percentage. When we talk of separate platform and usage of blockchain by sports and entertainment industry it isn't that high in usage. With time we may see the adoption, however these activities won't pave path for massive adoption. The legal adoption from countries will be the major reason for large scale adoption in the coming days.

Where did you get this idea? Do you have data to support it?


Do you believe there's a significant correlation between those activities? Do you have data to support it?


Steam, the largest online store of PC games used to accept Bitcoin, and Bitcoin was such a small fraction of their revenue, that they stopped accepting it when fees became high for the first time, and they didn't lose anything. Even when people have an option to pay with Bitcoin, in many cases they chose not to.

There's a lot of potential Bitcoin adoption, but many things just didn't kick off. There've been experiments, but not mass adoption.
Tickets don't usually cost too much, so a transaction fee can feel significant to people. Also, if it's an even that's in very high demand, the speed of buying the ticket can also matter, and then Bitcoin confirmation time can be of issue. I think there's more usage of cryptos in gambling rather than entertainment in general (but I do consider gambling a part of entertainment) and in sports sponsorships and betting.

Sport is something that is universal anywhere in the world and we know that for a long time various companies that are connected to cryptocurrencies have been using it to advertise their services. Of course, this helps to raise people's awareness that there is an alternative, although it should be known that Bitcoin is not the only cryptocurrency that is advertised and that there are a lot of bad projects that are promoted through sports.

The entertainment industry is a broad term because we can talk about online entertainment in the form of sports betting or casinos, but also the film industry and increasingly popular streaming services that still do not accept cryptocurrencies. However, all of them are only part of a much larger puzzle in which there are many participants.

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Of course they don't want to, because they bought Bitcoin for a completely different reason, and even if they want to pay something with the same, they face the initial problem of how to do it. As simple as it may seem to you and me, I know from personal experience that the average person does not want to think much when they need to pay something - a bank card with contactless payment or cash are much simpler solution than Bitcoin.

Seems sport have adopted and used Bitcoin for their transaction but not effective yet, several news before have sport football team adopted with Bitcoin used for player transfer activities but just few team only have used Bitcoin. All sport team just take business only when adopting Bitcoin seems what did by Lazio as Italy football team, have been partner with Binance last season competition begin but Bitcoin seems not really popular based on not effective advertising by Lazio football team.

Several exchange market like Crypto.com and Algarond Altcoin have advertising their project at World Cup and seems not stop how to advertising with cryptocurrency trough sport and I think will be effective next time.

It's been already there, the gambling industry which for the record includes sports and is also believed to be entertainment by many had already adopted that a long time ago.
In fact, it's one of the biggest helpers to the community and the first one to adopt the acceptance of bitcoin. Well, this actual entertainment industry includes musicians, actors, and others of its types, will also be contributors but they have to remember that the whole market isn't just revolving around them. And even if they're not here, the market will continue to thrive.

If could say sport this refers to the gaming industry as well as gambling because we can't do without gaming and not involving gambling. And gambling has been helpful in adoption of bitcoin and other crypto coin today via deposit and withdrawal (Funding) which makes it easier than fiat, many casino and gambling sites are for sure already paved away for massive adoption. Then talks about music which many of those popular artist already aware such as Drake he is a famous artists and have been a strong propeller of bitcoin both in gambling.
This moved have long taking effects before you realized it or posted over here.

Not really, those sports and entertainment industries are promoting exchange or other platform that support to other coin, not only Bitcoin alone. This mean people will just use those exchange or the platform, but we're don't know what's coin they bought, especially most newbies are prefer with pump and dump coins to make instant profit. I think how a country accept Bitcoin as a legal tender or an inside improvement about Bitcoin are actually can boost Bitcoin adoption.

Cryptocurrency adoption ≠ Bitcoin adoption.

I don't think so, bitcoin is promoted by influencers for personal gain through volatile investments. While all platforms advertised by the various sports and entertainment industries are sponsors for those who are paid to do so, bitcoin does not act as a sponsor. Bitcoin is adopted on many platforms generally as a means of payment or currency. This is a real use case for bitcoin which is a traded and adopted currency.

The sports and entertainment industry has an important role to play in increasing the adoption of bitcoin as means of payment or currency if they accept bitcoin. They are using bitcoin and its decentralization to make profit because privacy-loving people will use bitcoin as a currency instead of fiat. Bitcoin can support this industry in gaining purchasing power and convenience in terms of payments and financial transactions, but bitcoin does not sponsor them.

Yes, I believe sports and entertainment industries could play a big role in Bitcoin adoption. At the very least, it'll help promote bitcoin and the usage of cryptocurrency in general.

I dont see this as a problem. Both bitcoin and other cryptocurrencies are decentralized currencies, they're not going to be adopted by any central government and will have to start by themselves. And the best way to do that is to get attention of the big sports and entertainment industries.

They have the money, they have the audience and they have the resources needed to generate enough buzz around the cryptocurrency world.

Dear you didn't get my point.. let me elaborate it as from sponsorship my mean or context is Awerness about the crypto and commonly crypto is only known by the name of Bitcoin so when these platforms act as the sponsor they attract local audience to the crypto market and this brings adoption from there 80% of audience do invest or do own Bitcoin as when they learn about it. Bitcoin is not a direct sponsor of anything but indirectly these platforms brings audience to Bitcoin.

Yes sport and entertainment industries are always promoting Bitcoin and these has helped in the adoption of Bitcoin by their fans. These two industries are the ones that promoted Bitcoin adoption early and they are still promoting it. Check in the forum you will see so many online casinos that accepts Bitcoin on their platform. The government are the ones that can make it more easy and faster but instead its the other way round.

So many musicians are also promoting the adoption of Bitcoin in one way or the other, I also believe that if you are inviting these musicians for a show and you tell them that you will pay them in BTC bet me they will be glad because they have Bitcoin Holdings. Drake is always streaming his live gambling  with stake, I have read an article here about Jayz donating Bitcoin in order for them to use the funds to teach people in his neighborhood on Bitcoin. Many other Artists are involved in other activities to promote the adoption of Bitcoin which we might not know.

Have seen it, here^[1].

Implicitly, it expects commercial returns, not emphasizing public awareness of financial freedom let alone having a vision of contributing to bitcoin adoption. Maybe I'm not wrong if none of the sports club uniforms have ever had a bitcoin logo without coexisting with any crypto services.

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1 https://bitcointalk.org/index.php?topic=5392422

Look deeper into some of these crypto sponsors on sports teams and some of the earlier ones had CEOs/founders who themselves were actually Bitcoin adopters early on, even with contributions on this forum ;)

"Could" is moot point, don't think anyone disagreed in the last ATH period gaming/sports/entertainment had a lot to say in terms of retail interest in Bitcoin.

It's moved beyond Bitcoin now, I think. It's somehow not as cool as digital collectibles and fan tokens.

Easily. There is catch though, bitcoin is still not the best wine from the Government's point of view. Most of the sports are regulated under the government schemes and they are played with rules too. Though privatization is at it's peak in the sport industry (varies country to country), the financial management is always from the governments pot.

Problem is, we are again circulating around the same thing of government's orders regarding bitcoin and it's use case in the private as well as public sector.

Otherwise there are bunch of sport which already took up the bitcoin promotions in the football and many gamblers have switched to the bitcoin bets on sports but thats not the point here. Adoption, it's still far away.

 I've contribution something just exactly way back, sports and mostly football have big influence in the world today, let take a look at the angle of the FIFA World Cup, imagine those funds used to pay the player's are with Bitcoin as every player will have to provide his wallet details to them National Team to get thise SATs when they have finally won the FIFA World Cup. Although this are just imagination and I don't think Government Gon back this.

I'm still curious on who will be the first Football player that will be bought with Bitcoin and also how many Bitcoin will that player worth. Just the way we have 🍕 Pizza bought with Bitcoin, anticipating who's gone be that player exactly.

I don't know if you have actually done research on this. Sport and music industry has already become part of the Crypto-currency.

Crypto-currency industries like Bitcasino, stake, LuckyBlock has already engaged the services of sport men and even artists for a mutual promotion. I think it has started yielding results because most of this sport men and artists has loyal fan base who would believe what those guys endorses.

Great Hamza2424, I understand even if you think I fail to get your point. But your explanation is good.

Several exchange platforms sponsoring the sports and entertainment industry have increased the attractiveness of the public to buy bitcoins or invest. I believe that this advertisement has indirectly increased bitcoin users regardless of the main purpose of the sponsorship itself, and I don't think it's something that just happened. Bitcoin is growing in popularity indirectly, and the great thing is that it doesn't have to pay any fees to get the interest of the audience.

A lot of crypto companies have been tapping huge sports event for a number of years now to promote their brand and spread bitcoin awareness everywhere but to no avail. There might have been some changes here and there but none of them were substantial enough to be noticed that there were really some changes. FTX, Crypto.com and a lot of other bitcoin/crypto-related names tried meddling with huge sports events and guess what, not much has changed since then.

One entertainment industry that is already doing this is the gambling industry, which as we know it is very powerful and in a way it is promoting the adoption and the use of bitcoin as a currency, so I think you have a point there, however it is difficult to see how for example artists could do anything else but than promote bitcoin by adopting it or accepting for their concerts, this is very limited compared to what we have seen in the gambling industry, so while such a thing would help, it would still be far away to what we need to push the global adoption of bitcoin forward.

Exchange companies like FTX, crypto.com, Binance and others promote their products and not specifically promote Bitcoin. and the promotion it does includes a lot of crypto in it. To do a massive promotion on Bitcoin and only bitcoin costs quite a lot, but I don't think it needs it.

Currently, bitcoin is also widely known and bitcoin users are increasing. Bitcoin adoption continues to emerge even though there are some countries that do strictly prohibit the use of bitcoin.

The significant role in bitcoin adoption extends not only to the sports and entertainment industry, but to all industries.
I believe that in the future bitcoin adoption will be increasing, although there will be pros and cons and some regulations that will govern how bitcoin or cryptocurrencies are used.

Sports and music can have a big and important role in the dissemination and development of the Blockchain in general, and not Bitcoin in particular, because as far as I know, no sports clubs or music companies have adopted Bitcoin, but rather they have made their own coins, most sports and music teams have their own tokens that their fans buy To make donations or buy tickets, team products, etc. to support the team through these tokens. So I don't see any significant role these sports and music teams could play in the adoption of Bitcoin.

The sports industries are extremely important in Bitcoin adoption because they have a unique way of advertising Bitcoin and cryptocurrency through stadium advertisements and spot betting.
Almost all reputable betting platforms have integrated Bitcoin payments into their platforms, which has aided in Bitcoin adoption; however, many people are forced to learn how Bitcoin transactions work in order to deposit and withdraw funds won on betting platforms. Sports have played a significant role in spreading Bitcoin throughout the world, resulting in a large number of Bitcoin adopters.

If all are compact, the plan will surely come true, but if there are many pros and cons it will definitely be difficult.

now there is also a sports team that makes transactions with bitcoin, The Perth Heat baseball club
the first to pay all its athletes and staff with Bitcoin.

not only that merchandise and food can also be paid with bitcoin.
maybe in the future there will be many sports teams that use bitcoin as a payment system.

Honestly that means they have been part of the blockchain revolution and that is fine enough for me. Having your own token as a sports club means that you could actually give part of the club to the fans, and in return they would have some say in the club. That’s a good thing, it allows people to be part of something bigger.

Like the rewards system, they could buy a good number of tokens, and then get tickets cheaper, or a jersey for cheaper, or could buy some tokens and meet a player etc etc. These are all great incentives, giving the team a good amount of money, and also making the fans a lot happier to spend their money knowing it goes directly where it should be.

It seems that you didn't get the story right. Sports and entertainment have been helping Bitcoin for almost 10 years now. In sports, several initiatives have been done since as back as 2014 and today many Soccer teams in Europe already got into the NFT business.  In entertainment, famous country Singer Tatiana Moroz started its own crypto back in 2013. You can hear a lot about it over at Let's Talk Bitcoin. Today, you have a lot of musicians and other popular artists adopting and supporting Bitcoin and the number is growing by the day.

in fact we already seen adoption in sport and entertainment but for now they only small firm and not big company but sooner or later it will fire up

I want to remind you something adult industry plays major role and its one of the highest gross earnings industry in the whole sector still they failed to implement the adoption of Bitcoin payment, I mean people didn't give much as they expected so adoption had to happen gradually to be a permanent evolution or it maybe replaced by others.

Truly a lot of sports and entertainment industries springing up nowadays are already adopting bitcoin because some gamblers and gamers like playing their bet or gaming anonymously and that act of adopting bitcoin had endeared those users to embrace using those industries and going by the gradual adoption of bitcoin globally those industries will become a big player in no distant future, though we still have some major sport betting companies in my country who are still using fiat because of lack of orientation and information about bitcoin by those users, however I'm quite sure many of them will divert to bitcoin.

As for tickets, or various attributes near the football club, I agree that it would be very profitable. But the opportunity for fans to take part in the management of the club seems to me not very correct since they may not understand the full picture of what is happening, etc.