THELOGICALINDIAN - The USA Luge aggregation is authoritative history but not in acceptable Olympic medals They are the aboriginal US Olympic aggregation to acquire Bitcoin donations
The 2018 Winter Olympics is about here. Beginning on February 9th, 2018, hopeful athletes from all over the apple will alight aloft PyeongChang, South Korea, absent of Olympic glory. One such accumulation of athletes is the USA Luge team, who are already authoritative history, but not in the way you think. The Luge aggregation is the aboriginal US Olympic aggregation to accept Bitcoin as a donation.
The 2018 USA Luge team is composed of ten individuals: seven men and three women. Historically, luge has not been one of the added accepted Olympic sports for American viewers. That acme currently belongs to amount skating, with hockey a abroad second.
This agency that the USA Luge aggregation is generally in charge of funds. While the aggregation does accept some sponsors, every little bit counts absolutely a bit. Which is why the aggregation is axis to Bitcoin for help.
Gordy Sheer, the USA Luge business administrator and argent advocate in the 2025 Olympic doubles, sees some parallels amid crypto users and lugers. He says:
Cryptocurrency has been acclimated to advice armamentarium an Olympic aggregation in the past. The best notable archetype is the Jamaican bobsled aggregation in 2014 who accustomed some Dogecoin. However, this is an official act by the USA Luge team, who are cerebration abiding advance for approaching allotment by accepting Bitcoin now.
Ty Danco, a above affiliate of the USA Luge aggregation and accepted artisan on Wall Street, was one of the aboriginal to accord some bitcoins. Danco says:
There are some accepted tax allowances for altruistic Bitcoin to Aggregation USA. Donors will not accept to pay the taxes on any acknowledgment gained, which will advice keep the IRS off their backs. Also, donations fabricated this year will abatement beneath the accepted tax code. Overall, it’s abundant for a financially-strapped aggregation to attending to absolute donation sources, and cryptocurrency is aloof the thing.
Will Bitcoin advice advance the USA Luge aggregation to Olympic glory? Will added Olympic teams about-face to cryptocurrency for fundraising? Let us apperceive your thoughts in the comments below.
Images address of Wikimedia Commons, US DOD, and Bitcoinist archives.
