The Football-Crypto Connection And What It Means For Investors
Football is arguably one of the most popular sports in the world. There are millions of fans watching their favourite teams performing in leagues or cheering their national team during a World Cup. These kinds of numbers attract the attention of lots of investors which is why football players and clubs cost millions.
When one player leaves a club they can pick a club with a better offer. They give higher value to the club and the team as they take the team’s performance to the next level. The popularity of football comes with millions of views which is why TV stations and streaming platforms need to buy the rights to each match.
There’s also the sports betting industry which follows a variety of football matches and leagues. People that like to bet on sports can do so via online sportsbooks nowadays. It’s an industry that has influenced the world of football but the influence has gone the other way around too. With millions going in and out of clubs and millions of views it’s evident that investing in football is a good idea. So, where does crypto come in?
Cryptocurrencies are relatively new to the scene, but they are much more popular today than they were a couple of years ago. They offer a variety of benefits such as keeping users anonymous and providing speedy transactions. Because of that, they are available as payment methods online such as e-shops, certain companies, and gaming platforms.
They have also made their way to the world of football. Back in 2021, David Barral moved from Real Madrid to DUX International de Madrid and his salary was paid in cryptocurrency i.e. Bitcoin. Certain clubs have even linked with various platforms to invest in cryptocurrencies. These include the likes of Leicester City, Tottenham Hotspur, Newcastle United, and others.
A similar thing happened in Italy when Rimini FC was bought with cryptocurrency. Another example in Europe shows the crypto-football connection as well. The team in question is AZ Alkmaar from the Netherlands and is looking to be the first team in the world to pay its players in Bitcoin.
Crypto users and investors are working together because the clubs and players get the appropriate revenue and the crypto users get exposure. It’s this kind of exposure that has led to the rise in the number of crypto users. There are more crypto trading platforms that host thousands of users looking to buy Ripple UK, Bitcoin, Ethereum, and other digital currencies. With this move, cryptocurrencies are becoming more popular than ever which encourages future generations to give them a shot. But what does that mean for investors?
What Can Investors Do?
The thing that separates successful inspectors from unsuccessful ones is their ability to stay vigilant and keep track of current trends. Crypto has been on the scene for a while and is looking to make it into the world of football. By normalizing crypto payments in football clubs, they will help normalize crypto usage in general.
Some clubs, like Barcelona, Manchester City, and Juventus have even created tokens they can sell to their fans. These tokens can later be used as trading assets. By merging football and crypto, investors can expect a bigger return with this risky move as younger generations of football fans are all about going digital.
Still, they should stay informed of various developments and adapt accordingly. Certain legislation may hinder the crypto-football connection, and various other events may put them in certain situations they hadn’t planned for. That’s why they need to carefully tackle the margining of cryptocurrencies and football.
When it comes to crypto investors, they’ll gain a foothold in the world of sports if they get popular in the world of football. Things seem good so far and time will tell which way the situation will go. Either way, football investors will benefit from the lightning-fast transactions that come with cryptocurrencies and will appreciate the decentralized approach to transactions as they don’t need the approval of any third party.
Crypto is also linked to NFTs as some of them centre on the same technology. Blockchain is the technology in question and clubs like Juventus and Glasgow Rangers have used this to create and sell NFTs to fans. The Rangers have been successful in creating a 3D replica of the club’s home shirt for the season. This goes to show you just how popular crypto is becoming in the world of football.
Football investors have a lot to gain by merging the worlds of football and crypto together. With the current crypto influence, they can see how good or bad the future of football will be when crypto transactions become normal. So, the indicators are positive, and with a wider implementation, the benefits will be plentiful.