Bitcoin

Bitcoin-Related Super Bowl Ads Spark Some Major Discussions

JP Buntinx | February 5, 2018 | 8:21 am
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Bitcoin

Bitcoin-Related Super Bowl Ads Spark Some Major Discussions

JP Buntinx | February 5, 2018 | 8:21 am

The yearly Super Bowl event is mainly known for its interesting commercial and half-time shows. Even though it’s sports event watched by millions around the world, the ads are always most talked about. This year, we have seen a surprising as by TD Ameritrade talking about Bitcoin futures. This took a lot of people by surprise. Additionally, there’s also a negative report involving AML Bitcoin’s allegedly rejected Super Bowl ad.

Ensuring Bitcoin gains mainstream traction has been very difficult so far. The general public still sees cryptocurrency as something negative. Especially with the Bitcoin price tanking, the overall sentiment hasn’t improved much. Big was everyone’s surprise when a TD Ameritrade advertisement showed up during the event. More specifically, it is an advertisement by the bank involving Bitcoin futures contracts. The company joins the Bitcoin futures bandwagon, by the look of things. It is unclear how successful this new venture will be.

More competitors on the Bitcoin futures market can only be a good thing. After all, it seems to create a bullish case for the world’s leading cryptocurrency right now. With multiple competitors in this market, interesting things will happen. TD Ameritrade embarks on a very intriguing mission in this regard.  So far, Bitcoin futures have not made much of an impact on the market. This latest Super Bowl ad may effectively move things along rather nicely.  

There is also some negative Bitcoin-related news. More specifically, AML Bitcoin claims their Super Bowl ad was rejected. It seems this claim is entirely false, according to Buzzfeed. Their “version” of Bitcoin focuses on AML and KYC compliance at the protocol level. AML Bitcoin’s team claims how both the NFL and NBC rejected their ad for being “too political”. However, NBC never rejected the ad because it was never even submitted to the company in the first place. It is evident this is a grab for attention by AML Bitcoin. So far, it has backfired in many different ways.

It is evident the Super Bowl attracts a lot of attention. This is also true in the world of Bitcoin and other cryptocurrencies. Making false claims regarding ads being rejected is clearly not the way to move forward. The TD Ameritrade ad, on the other hand, is rather intriguing.Whether or not any of this will have an impact on the Bitcoin price, remains to be seen. The world’s leading cryptocurrency will need all the help it can get right now. So far, the year 2018 has been off to a very bad start. As is usually the case, however, things can still turn around.

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