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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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Bitcoin still on track to $100K despite growing risks, says strategic investor Lyn Alden

Strategic investor Lyn Alden's outlook on Bitcoin remains bullish despite growing risks

Strategic investor Lyn Alden is convinced Bitcoin has still the potential to reach $100K in the current bull cycle — despite growing uncertainty and increasing volatility. 

“We are seeing a lot of froth throughout the industry”, she said, referring to the latest rally in a number of meme coins such as Doge.

“Those are kind of warning signs for the cycle”, she added.

Alden said that with the bull run slowing down and growing risks of a correction, it makes sense for some investors to take some money off the table and put it into some other assets.

“For people who would have trouble with drawdowns or periods of volatility, it can make sense to rebalance”.

Overall, Alden’s position remains bullish given her confidence in the strong fundamentals of the Bitcoin network:

“I have a pretty high conviction on it. And so I'm fine with maintaining a pretty large position.”

Despite a number of altcoins outperforming Bitcoin this year, she doesn’t think Bitcoin is anywhere near losing its leading position in the crypto market. Most altcoins, she pointed out, didn’t manage to sustain the same degree of growth throughout multiple business cycles.

“ I'd be more concerned if I saw protocols that chip into Bitcoin's market dominance in one cycle and then chip even more into it in the next market cycle”.

Don’t miss the full interview on our YouTube channel and don’t forget to subscribe!

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