2018 Pyeongchang United States Olympic Luge Team will accept Bitcoin Donations

Nishanth Shetty

Nishanth Shetty

December 20, 2017 10:54 am

4728 Total Views

Bitcoin News

Last weekend, the United States  Olympic Luge Team said, they will be the first Olympic team in the country to accept the Bitcoin as the donation. Through starting the winter games only from two months in South Korea, there is just enough time to promote both a crazy, cool Olympic sport while promoting a cool, crazy way to do money.

USA Olympic team go through Crypto

Crypto investor and former Olympian Ty Danco said:

 

“It’s such a natural and good fit for the team. The luge team is not thinking short term, but long.”

Mr.Danco included:

“The bitcoiners we’ve met know exactly what it’s like to be all in on something that the world doesn’t appreciate yet. By hodling bitcoin with the express goal of holding on through the 2022 and 2026 Olympic Games, the sport hopes to change from being underfunded to being able to support full teams on the World Cup level at the same time as developing grassroots youth programs to develop athletes.”

Now it looks like a perfect storm. Vision has little chance when bitcoin prices are routinely hit by a global exchange of 19,000 USD. The team will have to enter Bitcoin enough to finance their efforts in February by Pyeongchang, South Korea, if the South Koreans are completely bonkers for the cryptocurrency, the team is even bigger.

Mr. Danco congratulated:

“Bitcoin is still in its early days, and hats off to USA Luge for being both brave and prescient to ride this wave.”

The earliest record of Cryptocurrency, which had influenced the sport, was back in 2014 when the dogecoin was sent to Jamaican Bobsled team, much wink than the real charity.

Crazy sport, crazy money, and the country is also crazy about Crypto

This would be one of the first winter games in South Korea, which has hosted Summer Games twice in its history. Winter brings the competition in more than a dozen icy sports, including the cross-country skiing, figure skating, hockey, speed skating and also snowboarding. Some 88 countries will be the part of it and compete. Luge includes single and doubles and it is also coed. Olympic luge competition will be held at Alpensia Sliding Centre, which seems to be built for the upcoming games. It is spreading the facility, which is costing more than 100 million USD for constructing.

Gordy Sheer, Olympic medalist, and the team’s marketing director said:

“You know, we hear a lot of jokes about lugers being crazy, and people don’t know why we do it, but luge is something that gets into your blood and transforms your life and the Bitcoiners we’ve met know exactly what it’s like to be all in on something that the world doesn’t appreciate yet. We’ve looked at bitcoin hard, and it is definitely a risk-reward we understand and are eager to take.”

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