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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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Investment Adviser Warns It’s a Mistake to Ignore Crypto Assets, Predicts Cryptocurrencies Will Outperform Equities

Investment Adviser Warns It's a Mistake to Ignore Crypto Assets, Predicts Cryptocurrencies Will Outperform Equities

Blueprint Capital Advisors CEO Jacob Walthour says it’s a mistake to ignore crypto as an asset class. He also predicts that crypto will outperform equities in the foreseeable future.

Investment Adviser Expects Crypto to Outperform Equities

Jacob Walthour, CEO and co-founder of Blueprint Capital Advisors, discussed his outlook for the crypto and equity markets in an interview with CNBC Wednesday. Walthour has over 25 years of experience in capital markets, traditional, and alternative asset management.

“At this stage, we have to think back to how it all started,” he began. “When we think back over the course of our lives, we started buying things with cash and then someone came up with the idea of using a check, and then someone came up with the idea of using plastics, and then someone came up with the idea of e-payments. And I think that the use of crypto, the whole concept of a wallet, is where we are going to go from here. And I think that bodes well for crypto overall in terms of its adoption rate over the course of the next five to 10 years.”

Emphasizing that there are now many companies accepting cryptocurrency as a form of payment, he said:

I think it’d be a mistake to ignore this asset class which has looked like the wild west for the last 5 or so years.

He added: “But if we see a stall in the U.S. equity market and a rise in crypto, I think the herd mentality could take over here, and you could see a lot of liquidity falling out of stocks into cryptocurrencies.”

Walthour further opined: “If crypto outperforms equity, I think it legitimizes crypto as an asset class from a diversification standpoint.”

While acknowledging that when stocks sell off, cryptocurrencies may fall even further due to higher volatility, he said: “I don’t think that necessarily holds into the foreseeable future.” He concluded:

My prediction for the foreseeable future, given that crypto has sold off quite a bit in the last quarter, is that it does have a strong possibility of outperforming equities in 2022.

Do you agree with Walthour? Let us know in the comments section below.

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