On Friday (March 26th) Dave Kaval, President of the American Pro Baseball Team Oakland A’s talked about bitcoin and blockchain technology during one interview With Emily Chang on “Bloomberg technology”(A daily show on Bloomberg TV).
On March 14th, the A’s published a press release stating that from March 14th to April 1st (opening day), for the regular reason of 2021, they will sell year-round suites for one Bitcoin (BTC).
Oakland A’s year-round suites for the 2021 regular season are available for one bitcoin. pic.twitter.com/18iq2ebOZc
– AthleticsPR (@AthleticsPR) March 14, 2021
The President of the A said at the time:
“We are happy to be one of the few teams that accept cryptocurrency as a means of payment and are the first to rate tickets in crypto instead of US currency. The price of a seasonal suite can fluctuate depending on the purchase, which adds to the excitement!“
According to the A website, the regular price for a year-round suite is $ 64,800. If Bitcoin is currently (March 29, 8:00 AM UTC) trading around $ 55,383, anyone who buys with Bitcoin now would save over $ 9,000.
Note that what the A’s do is very different from Tesla. Unlike the latter, they set the price in Bitcoin, a highly volatile crypto asset, and not in US dollars.
Anyway, on Friday, Kaval (the president of the A) gave an interview to Emily Chang, anchor of the daily Bloomberg Technology show, asking why his organization had decided to accept bitcoin.
“We heard from our fans that they were interested in paying with crypto and we heard it for about six or eight months before we said, “Hey, let’s see and take one of our products – our suite – and sell it for a bitcoin and see if we can get any buyers.“
Chang then asked if anyone had already paid with Bitcoin. Kaval replied:
“You know we haven’t had a transaction yet. We’ve had over a hundred incoming requests and basically still have time to get people on board next Thursday, and I hope we get two or three. We have reserved ten suites for this. Hopefully we’ll get two or three by opening day.“
Chang also wanted to know if the A’s were open to the idea of other cryptocurrencies, maybe Ether (ETH) or Dogecoin (DOGE).
“We’re only focusing on Bitcoin for now, but I think if it catches on and we get interest, we’ll be open. We use bitPay regarding our processing backend and they can accept other forms of cryptocurrency. We are very open to that.“
The most interesting part of the interview came when Chang Kaval asked if the A plans to hold a BTC he receives this way or if he will convert it to fiat currency.
“No, we will hold it. We will hold it … we believe in it and hopefully it will keep rising and maybe we can find some great free agents with some of the proceeds who knows.“
And then, towards the end of the interview, Chang asked if the A’s had any other ideas about how to differentiate.
“We like blockchain in general and so we take a look at the non-fungible tokens, especially our intellectual property and our players and games, and can use this as a giveaway. I think there are some things that we’re trying to break new ground in in baseball and in sports.“