After reaching an all-time high at the very end of last year, the hype surrounding cryptocurrencies has cooled off since the turn of the year. Apparently, investors are now wary of jumping onto this bandwagon due to the constantly fluctuating prices of these digital currencies. The massive drop in Bitcoin’s value is the quintessence of this trend, having plummeted from over $19,000 in December to its current price that is just around the $8,000 mark.
What Is The Bitcoin Project?
Despite the vicissitudes in the value of the world’s pioneering virtual currency, one group is standing by the coin, championing for its adoption in the investor community. The Bitcoin project is online non-profit campaign advocating for the use of Bitcoin. It aims to increase the awareness, usage and ownership of Bitcoin through sponsorship, co-branding and public displays. Also, the group occasionally attacks anti-Bitcoin activist, albeit with a touch of humor.
The Bitcoin Project Crypto Trolls Karate Combat Martial Arts League
In recent times, the popularity of martial arts, particularly karate has been on the rise. This is certainly against all odds, given that mainstream audiences have been demeaning the sport for a long time. The Bitcoin Project (Bitproj.org) has decided to reach out to the fans of Martial Arts with an aim of spreading Bitcoin gospel. In this regard, the group is sponsoring a Karate Combat League, during which the Bitcoin symbol will feature at the center of the fighting ring.
The tournament’s launch was recently featured on the renowned online magazine, Sports Illustrated, confirming the presence of the Bitcoin symbol at the middle of the fighting arena. Michael DePietro, Karate Combat’s CEO, reiterated that the sport has been gaining traction across the US and that the inaugural league campaign is a remarkable milestone for the game. He added that over 50 million US citizens have played Karate at an amateur level, yet a professional league for the same sport has been non-existent.
Up to date, no one has conceived the idea of harnessing the potential benefits of this ancient sport. The Bitcoin Project believes that the mass media appeal of his Karate league will significantly contribute to raising awareness on Bitcoin, which is why they sponsored the fighting league. Fundamentally, by placing the Bitcoin symbol strategically around the league’s venue, they are hedging a bet that the audiences will get intrigued, prompting them to do further research on the virtual coin.
The Karate Combat league will feature 100 fighters coming from 30 different countries. Moreover, the team will also make an appearance at the much-awaited Olympic Games to be held in Tokyo, Japan in 2020. As mentioned earlier, this year’s version is the first ever, and is aimed at providing a platform for upcoming fighters from all over the world to showcase their skills to a global audience.
The Bitcoin Project Conclusion
Undoubtedly, Bitcoin enthusiasts will be enthralled at the sight of the conspicuous and bright symbol at the middle of the fighting ring. For a sneak preview of the tournament, fans can access videos of the preseason event christened ‘Karate Combat- Genesis’ on YouTube. In addition to the ring, the Bitcoin symbol has also been embedded on the Karate.com website.