• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Breaking News: The Sandbox Seals Deal With Saudi Arabian Digital Government Authority
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Bitcoinist.com
No Result
View All Result
Breaking News: The Sandbox Seals Deal With Saudi Arabian Digital Government Authority
Bitcoin & Esports - From Laughing Stock to Mainstream
Advertisement

Bitcoin & Esports – From Laughing Stock to Mainstream

Brian Yim by Brian Yim
5 years ago
in News, Bitcoin, Bitcoin Acceptance, Emerging Markets, News teaser
0
Advertisement

Let’s face it – the end of 2017 is approaching, and both bitcoin and esports have proved that they’re not just a fad and that they’re here to stay. What could the future hold for these two industries of the future?


Esports – More Than Just ‘Playing Video Games’

Traditionally, video games have always been a popular hobby all around the world, spanning over multiple generations. From the first NES to the current Nintendo Switch, video games have always served as a way for friends and family to bond together and have some fun. Games were designed to be competitive, but not on a large scale; tournaments were usually held between friends, and at best, at events such as PAX Prime.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Fast forward a few decades later, and it has evolved into what is known as esports, or competitive video gaming. Even though many remain skeptical of this so-called ‘sport’, it is becoming harder to ignore when elite players are making multi-million dollar salaries.

Esports - More Than Just 'Playing Video Games'

Just like Bitcoin, the esports industry has experienced a huge spike in popularity over the past year – the largest tournament this year saw 57 million unique viewers tuning in to watch the championship. Both venture capital firms and NBA veterans are rapidly moving into this billion dollar industry. Teams are paying up to $20 million to compete in regional leagues.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

With the stakes being this high, could this be a chance for Bitcoin and other cryptocurrencies? Projects like DreamTeam and SkinCoin aim to jump in and get a slice of the pie, but some individuals have taken a more drastic approach.

From Esports Athlete to Professional Bitcoin Trader

From Esports Athlete to Professional Bitcoin Trader

A couple of weeks ago, Jeon “iksuu” Ik-soo, a League of Legends player, decided to not renew his contract with his team, Jin Air Green Wings. That wasn’t the extent of it, however; he decided to retire from professional play completely. In a controversial Facebook post, he announced that he had left his team in order to become a full-time Bitcoin investor.

To his fans and others in the Bitcoin space, this hasn’t come as much of a surprise – Bitcoin’s popularity has skyrocketed in South Korea, which has become responsible for over 25% of total cryptocurrency trading volume. The ex-player has even gone as far as streaming his trading activities on Afreeca TV, a popular esports streaming platform for Koreans. Is this really a sign of bitcoin adoption, or just a bubble?

What do you think about iksuu’s decision? Do you think that there are more possibilities for cryptocurrencies to work with esports in the future? Let us know your thoughts below!


Images courtesy of OGN, AFP, Engadget

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Brian Yim

Brian Yim

Brian has been a cryptocurrency enthusiast ever since he was introduced to Bitcoin in 2013. Since then, he has been very passionate about new developments in the cryptocurrency industry, and he was determined to inform the public about them.

Related Posts

Bitcoin BTC BTCUSDT

Will Bitcoin See A Valentine’s Day Massacre Or Can Bulls Get Back To $24,000?

10 hours ago
Bitcoin

Bitcoin Long-Term Holders Are Still Selling At Loss: Glassnode

16 hours ago
Bitcoin BTC

Will Bitcoin And Ethereum Crash? DCG Sells Grayscale Trust Shares

19 hours ago
Bitcoin

Top Crypto Miner At Record Bitcoin Production, Bear Market Over?

1 day ago
Bitcoin price

This Will Be Important For Bitcoin And Crypto This Week

2 days ago
New record: 49% of Bitcoin Supply Has Not Changed Hands in 2 Years

New Record: Half Of Bitcoin Supply Hasn’t Changed Hands In 2 Years

3 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • ALTCOIN DAILY TO PRODUCE AND STAR IN NEW “SHARK TANK OF...

    15 hours ago
  • SinVerse Studios Announces $1 Million Buyback Program for...

    15 hours ago
  • Join the Revolution: Invest in STARSTAKING for 25% APY and...

    15 hours ago
  • The Crypto Bull Market Trend Has Started! What Does This...

    16 hours ago
  • Orbeon Protocol (ORBN) Grows 1625% During the Presale...

    16 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.