Money Smart Athlete Blog

February 2022 Editorial: Athletes investing in blockchain and the Crypto space

Feb 2, 2022 | Editorials

It is highly unlikely that you haven’t heard of cryptocurrencies, crypto-assets, crypto-funds, or whatever other name is used to describe these electronic currencies. It all started with Bitcoin and its mysterious founder Satoshi Nakamoto. Despite the negative publicity surrounding the crypto world with its perceived relationship to criminal activity, money laundering and terrorist financing, it has gained ground with regular people and mainstream investors. Its decentralized nature has drawn millions of people from all over the world and it has made millionaires and billionaires overnight. It has also recently gained the attention of central bankers and politicians, such as Hilary Clinton and regulatory debates regarding the crypto space have already begun.

Blockchain technology and crypto-asset investments are gaining ground in the sports world, with a number of athletes investing in crypto-assets.  This month we will focus on blockchain technology and crypto-assets and we will discuss the future of cryptocurrencies, the basics of blockchain technology, as well as the potential opportunities and pitfalls for athletes in relation to the crypto space. Although, cryptocurrencies are still an unsolved puzzle, meaning that they scarcely respond reasonably to market conditions, they are undoubtedly going to be around for the foreseeable future.

Athena P. Constantinou

E-mail: [email protected]