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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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Billionaire Barry Sternlicht Owns Bitcoin Because Governments Are ‘Printing Money Now to the End of Time’

Billionaire Barry Sternlicht Owns Bitcoin Because Governments Are 'Printing Money Now to the End of Time'

The billionaire CEO of Starwood Capital, an investment firm with over $95 billion under management, has revealed that he owns bitcoin and ether. “The U.S. government, and every government in the Western Hemisphere, is printing money now to the end of time, and this is a finite amount of something and it can be traded globally,” he explained.

Billionaire Barry Sternlicht Owns Bitcoin and Ether

Barry Sternlicht, chairman and CEO of Starwood Capital Group, an investment firm with over $95 billion in assets under management (AUM), talked about bitcoin and cryptocurrency in an interview with CNBC Wednesday. According to Forbes’ list of billionaires, Sternlicht’s net worth as of Oct. 14 is $4.4 billion.

The Starwood Capital boss revealed that he owns bitcoin and ether, noting that cryptocurrency makes sense as a way to diversify investment portfolios.

Commenting on what JPMorgan CEO Jamie Dimon said about bitcoin being worthless, he said, “Gold is kind of worthless too.” Discussing bitcoin as a store of value, he shared:

The reason I own bitcoin is because the U.S. government, and every government in the Western Hemisphere, is printing money now to the end of time, and this is a finite amount of something and it can be traded globally.

Despite owning BTC, the billionaire CEO described: “Bitcoin is a dumb coin. It has no real purpose other than a store of value, and it’s crazily volatile.” He proceeded to explain why he owns ether. “So, ether … I own some of that. It’s a programmable Bitcoin, and there are tons of other coins built on that system.”

In addition, Sternlicht noted that he has “become very interested in blockchain technology as a whole.” Stating that the technology is “going to change everything,” he believes, “We’re probably in inning one.”

What do you think about billionaire Barry Sternlicht’s comments about bitcoin and cryptocurrency? Let us know in the comments section below.

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