For the price of one bitcoin, the Oakland Athletics will be offering a six-person suite for the 2021 home campaign.
With this, the Baseball team became the first professional sports team in the United States to price tickets in cryptocurrency rather than the traditional US dollars, which is something Australian online casinos are now adopting.
The normal price for a full season suite is seen at $64,800, which is over 15% more than the recent price of the popular cryptocurrency. In the last few months, bitcoin price was reportedly moving back and forth from $50,000 to $60,000, and this comes as no surprise as the cryptocurrency is highly volatile.
This is especially the case as the cryptocurrency rose to a record of almost $62,000 during the weekend, but that rise was cut short as it dropped down almost 10% on Monday to $55,000. Oakland Athletics president Dave Kava spoke to Wall Street Journal claiming that over 60 people have displayed interest in using bitcoin to purchase a suite for the season.
Speaking to the paper, Kaval said: "It's been a great way to see if the hype can turn into reality and hopefully make Bitcoin and cryptocurrency transactions more mainstream. If you see it in baseball, you could potentially see it anywhere."
Top professional sports teams like the NBA's Sacramento Kings and Dallas Mavericks have approved of cryptocurrencies in exchange for tickets in the past. Earlier this month, the Dallas basketball team, which is owned by Mark Cuban, took to the public to announce their aim to accept Dogecoin in exchange for their tickets and merchandise. Those exchanges, however, still comes at a price equivalent to US dollars.
The Oakland Athletics is the first-ever team in the US to accept a static price of cryptocurrency with little regards to its fluctuations in the market, just as www.leroijohnny.com/fr set their for players.
Speaking to the Journal, Kaval said to the media that by setting a static price for a six-person suite, he will be allowing the potential buyers to gamble on the fluctuations of bitcoin. Kaval said to the Wall Street Journal: "We're basically taking the risk on that and we'll see how that plays out. I think that's another reason that could compel some people to do it. If it goes down to $20,000 maybe that will drive volume!"
The bitcoin offer will reportedly be available to potential buyers till the 1st of April when the baseball team begins their season with an opening game against Houston Astros.