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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Shark Tank’s Kevin O’Leary Says ‘Bitcoin Will Always Be the Gold,’ Citing Interest From ‘All Kinds of Institutions’

Shark Tank's Kevin O'Leary Says 'Bitcoin Will Always Be the Gold,' Citing Interest From 'All Kinds of Institutions'

Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, says “Bitcoin will always be the gold,” outperforming other cryptocurrencies, such as ethereum, in the long run. He said “there are interests being brought out of all kinds of institutions” for bitcoin.

Kevin O’Leary Bullish on Bitcoin

Kevin O’Leary shared his thoughts about bitcoin and ether in an interview with CNBC Wednesday. While acknowledging that ether has been performing well lately, O’Leary insisted:

Bitcoin will always be the gold.

The chairman of O’Shares ETFs added that “Ethereum will always be the silver,” but emphasized, “that’s not a bad thing necessarily.” He did not mention other cryptocurrencies by name.

While noting that there is potential upside for Ethereum as it shifts to a new model, the Shark Tank star believes that Ethereum is primarily “going to be used as a form of tracking and payment system.” O’Leary pointed out, however, that Ethereum 2.0 has the potential to be “far more green in terms of how much energy it takes to create it.” Nonetheless, he insisted that it will never overtake bitcoin. “Will it ever take bitcoin? No,” he affirmed.

O’Leary revealed in February that he had allocated 3% of his portfolio to bitcoin after Canadian regulators approved bitcoin exchange-traded funds (ETFs). He explained that bitcoin proponents view the cryptocurrency as digital gold and a hedge against inflation that will appreciate over time.

Mr. Wonderful elaborated:

Now, bitcoin hitting new highs almost every week is proving that there are interests being brought out of all kinds of institutions now trying to figure out: Is it a currency? Is it an asset? Is a property? … That gives you an idea of the institutional and individual interest.

Early this month, O’Leary said that he is only interested in buying “clean” bitcoins that are mined sustainably in countries that use clean energy, not “blood coins” from China.

Do you agree with Kevin O’Leary? Let us know in the comments section below.

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