Bitcoin Logo to Appear on Sleeve of Premier League's Watford FC Shirts

Neil Dennis

Bitcoin is to become one of the kit sponsors of Premiership football team Watford FC, with the cryptocurrency's symbol appearing on the shirtsleeve, the club announced on Thursday.

Nicknamed "The Hornets", Watford FC will also accept bitcoin as payment for club merchandise as part of a drive by the club's primary shirt sponsor Sportsbet.io to improve awareness and use of cryptocurrencies.

Giving Back

Justin Le Brocque, head of marketing at Sportsbet.io, a fiat and cryptocurrency online casino and betting website, said that putting the bitcoin logo on the sleeve "felt like a fun way to give something back while also showing them our support". He added:

Our partnership with Watford marks a major disruption in the world of traditional sports sponsorship, and by adding the Bitcoin logo we hope this world’s first partnership will create even more buzz around cryptocurrencies.

Watford FC said the sponsorship would be crowd-funded, allowing anyone who holds bitcoin to share in certain advantages granted to Watford FC supporters.

 

Featured Image Credit: Photo via WatfordFC.com

Former Goldman Sachs Manager Raoul Pal Teases Potential Breakout for Ethereum

Michael LaVere
  • Former Goldman Sachs manager Raoul Pal claims cryptocurrency is on the verge of a rally.
  • Pal published several charts on Twitter showing how an ethereum breakout may lead the price run.

Former Goldman Sachs hedge fund manager Raoul Pal teased on his Twitter account that Ethereum could lead the next breakout for cryptoassets and expressed interest in investing in ETH. 

In a series of tweets published July 8, Pal outlined several charts showing bitcoin and other top cryptoassets on the verge of a rally. Pal claimed that bitcoin was close to breaking the small wedge it had formed since May. 

However, Pal explained that Ethereum held potential to lead the next cryptoasset rally via a breakout. 

In a subsequent tweet, the former Goldman Sachs manager claimed not to own any ETH but was considering investing after looking at the chart. He called bitcoin his “primary vehicle” but noted that a windfall for any of the top cryptoassets would cause the rest to rise in value. 

In April, Pal called bitcoin “the future” and said the crypto-asset could reach a $10 trillion market capitalization in the future. 

Featured Image Credit: Photo via Pixabay.com