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Author Topic: What awareness would this bring to bitcoin  (Read 270 times)
Ryker1
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December 12, 2022, 01:30:36 PM
 #21

Well, it would be a nice idea to pay them bitcoin but unfortunately --bitcoin is not a centralized currency.
It is a global sport and expected that it is paid with dollars, not in bitcoin but I think there is a possibility that players will buy bitcoin on the prize they win. There are a lot of people who watch this FIFA event and I think it becomes awareness if there is an ad for bitcoin there, like Nike, Adidas, Pepsi, McDo and etc. But the problem is who is going to sponsor the bitcoin name appearing during those marketing ads.









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December 12, 2022, 02:05:55 PM
 #22

Well, it would be a nice idea to pay them bitcoin but unfortunately --bitcoin is not a centralized currency.
It is a global sport and expected that it is paid with dollars, not in bitcoin but I think there is a possibility that players will buy bitcoin on the prize they win. There are a lot of people who watch this FIFA event and I think it becomes awareness if there is an ad for bitcoin there, like Nike, Adidas, Pepsi, McDo and etc. But the problem is who is going to sponsor the bitcoin name appearing during those marketing ads.
Also, not every people are interested with this technology and we cannot force them to do so. But that's not a period on the chances that those people could still be hooked up. We may try our 'shot' as this industry continues to emerge and be known by more people. At this moment, the idea of OP is far from reality. World cup speaks in general and that covers both countries who are prohibiting and allowing the use of ceyptocurrency. But those participants who are interested may convert a portion of their prize to cryptocurrency IF they are interested. Some people would prefer other type of investments which are less risky. But I'm okay with such tournaments paying fiat because it simply gives freedom to the player whether to invest or not.

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December 12, 2022, 07:44:59 PM
 #23

If cryptocurrency will be used that will be USDT not bitcoin. Most of these players and managers don't talk bitcoin, football is their language. So, they've got lots of reasons not to accept a currency that won't be stable. Assuming they want to save the money for some times, and bitcoin drops in price the money won't be enough to settle bills in future. But, if that happens like you speculated it'll bring forth a strong awareness that will unlike other awareness drop the price of bitcoin. As the bitcoins will be changed into cash immediately.
Adapting a new pattern of payment is not as easy as it seems, it's definitely going to be entirely different and complex as first but would become more simpler with time. Bitcoin is not stable and it's very fluctuateable due to the volatility of the market. Getting paid with Bitcoin is not advisable as a good idea, rather it's very crucial to expect some good and bad results from bitcoin and not all the players know how bitcoin operates. It's very understandable to use the usual mode of payment rather than getting involved of what one get no single idea about.

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December 12, 2022, 08:20:24 PM
 #24

The players and winners of the money should first be considered and to check if they are informed of the usage and importance

But this will be hard to implement since the government are not a big fan of Bitcoin bad they don't want to see them thrive.

It would be a nice one of finally done but Cryptocurrencies are hundred unstabel which would affect them.
Not even in the next four years would these be considered.

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December 12, 2022, 08:50:13 PM
 #25

I don't think that this will bring any value in Bitcoin because the money paying to them in dollars does not concern bitcoin accept that they invest in Bitcoin so if they should invest in Bitcoin it will trigger the price of Bitcoin to increase so I believe it is only afraid that this will help with an acceleration in life and the life of the owners or investors in cryptocurrency generally

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December 13, 2022, 09:38:25 AM
 #26

Lol! Op is quite optimistic it seems! If Fifa ever plans 59 use bitcoin to pay their prize money, you will see that bitcoin is accepted everywhere. It's a global stage so the kind of visibility it can bring to anything, is enormous! That's why you will see that big brands pay top money to advertise on this global event.

So if bitcoin is ever used in such a global stage, it will push it's adoption rate by few hundred percent. It's very difficult to forecast the kind of attention bitcoin will get.

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