The digital asset space is drawing some attention, especially since Bitcoin broke the $61,000 mark late last week, and this is exciting enthusiasts globally regarding the crypto’s price. Bitcoin’s growth is an incredible journey, and other people are interested in joining the asset’s space. The demand for crypto is higher than ever as Bitcoin remains the top preferred digital asset amongst others.
The cryptocurrency has paved the way for altcoins, and people see it as an asset with incredible growth potentials. The Oakland Athletics team offers a suite for the whole season for either $64,000 or 1 Bitcoin, which happened when the crypto recently broke out to the $60,000 range.
MLB franchise offers suites for Bitcoin
The industry’s popularity is getting higher daily as many coins perform and impress people with and outside the industry. The asset’s growth to the $60,000 range might have influenced the team’s president, Dave Kaval, to use the asset’s continuous growth to record higher profits.
People understand that Bitcoin is a relatively new asset, but it still assures attractive gains, making both retail and institutional traders want a part of the crypto. Kaval spoke on the decision by saying that it’s a serendipitous opportunity. The source revealed that the team charges $64,000 on the suites on a typical day. This is an attractive opportunity for crypto holders who are interested in getting the suite.
Many of their fans globally got excited with the recently shared information. Those interested in the suite can have it for just a Bitcoin, and the ownership would last for the whole season. It’s interesting to note that some years ago, Bitcoin did not worth $1, but is now over $50,000 today.
The team has taken an iconic step as reports show that it’s the first MLB to price its ticket with cryptocurrencies. This means that those purchasing tickets could choose to buy their tickets in Bitcoin or cash. Interestingly, the team put a deadline for the offer, meaning that the crypto offer for the suit lasts till April 1st.
The team president reveals demand as the reason for the shift
While crypto enthusiasts find the news a sign of outstanding adoption, many wonder what would happen when the crypto depreciates. This means that if the asset falls far below $60,000 before April 1st, the fans will get the suite for a lower price.
Speaking on the price fluctuations, the team’s president referred to the price drop possibility as ‘ part of the romance of the situation.’ The president continued by clearing that the organization wants to be innovative. This Oakland A’s move could influence other teams into taking a similar move.
The president held that position since 2016, but before his arrival, another Soccer team had endorsed Bitcoin in one form or the other. The president said the new shift is based on the demands of fans who have crypto holdings and want to purchase times with the digital assets. The team leader explained that the organization thought about it and utilized Bitcoin to be close to the suite’s price.
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