GMO Coin to be Official Sponsor of Japanese Baseball Team

GMO Coin has declared today that it is the official sponsor of the Japanese baseball team, the Chiba Lotte Marines
26 June 2018   926

Chiba Lotte Marines team is famous in the country, as baseball is one of Japan’s popular sports. The team have won the Japan Series Championship, the top baseball league in the country, 4 times. The most recent victory took place in 2010. Nevertheless, during this season the Chiba Lotte Marines have competed as a team. In the Pacific League, they are coming second last, just in front of the Tohoku Rakuten Golden Eagles.

The statement set that the sponsorship will let GMO Coin to contribute to the baseball team’s development and future. Japan has one of the friendliest areas for cryptocurrencies. The country officially confirmed bitcoin and digital currencies as a “means of payment that is not a legal currency” in 2016. Collaborating with the Marines, GMO Coin is supposed to increase its brand awareness.

Such tentency as sports sponsorships is becoming general for cryptocurrency brokers. This can be explained as sponsorships with sporting teams is a very attractive way to raise brand awareness for the FX, CFDs, binary options, and cryptocurrency industries. In Europe, there has been a determinate growth in cryptocurrency sponsorships. This year earlier, CashBet ran a strategic partnership with Premier League football club Arsenal FC.

The Japanese internet company presented a mobile-based crypto wallet platform on iOS called “GMO Coin Virtual Currency Wallet” on May, 2018. The platform lets the users to store multiple cryptocurrencies along with fiat. GMO Coin is aimed to be the safest virtual currency exchange in the world and will keep on investing in the development of the virtual currency industry.

Most Crypto to Fail, Digital Currency Group CEO Says

Barry SIlbert believes Bitcoin is a king and when the mood among major investors changes, BTC is waiting for serious and aggressive growth
14 February 2019   241

Barry Silbert, head of Digital Currency Group, continues to believe in Bitcoin’s great future, but questions the long-term prospects of most existing cryptocurrencies and digital tokens, saying in an interview with CNBC that they will all be worthless in the future.

I'm not a believer in the vast majority of digital tokens and believe most will go to zero. Almost every ICO was just an attempt to raise money but there was no use for the underlying token. The vast majority of what's out there will be eliminated.

Barry Silbert

Head, Digital Currency Group

At the same time, Barry Silbert is convinced that Bitcoin, despite the current “terrible schedule”, enjoys great interest from institutional investors and “won the fight for the title of digital gold”.

According to him, the new generation of investors no longer sees gold as a “safe haven”, and the money that is now in gold will be converted into cryptocurrency.

I'm convinced that whatever money is in gold is not going to stay in gold. That gets handed down to millennials. I'm highly confident a lot of that will go into bitcoin.

Barry Silbert

Head, Digital Currency Group

Barry Silbert believes that the buy and hold strategy is fully justified, although it is still difficult to say exactly when large institutional money will go into Bitcoin. Nevertheless, he noted, at the beginning of 2019, all the necessary infrastructure was already in place, listed the upcoming launch of the Fidelity custodial solution and investment opportunities such as the Bitcoin futures platform Bakkt.

When the mood among major investors changes, Bitcoin is waiting for serious and aggressive growth, Silbert added.