Danish bitcoin billionaire new sponsor in Seiers ice hockey club: Top player paid in bitcoin

[tennisluvr]

The Danish bitcoin billionaire Niklas Nikolajsen becomes the new main sponsor of the ice hockey club Rungsted Seier Capital. The skating hall in Hørsholm changes its name to Bitcoin Arena, and the world's first sportsman receives his salary paid in the digital currency.

 

Simon Valeur 

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Bitcoin pucker, bitcoin advertisements and bitcoin logo. Skørthallen in Hørsholm has received a new main sponsor - and now the hall changes name from Saxo Bank Arena to Bitcoin Arena.

The Danish bitmine billionaire Niklas Nikolajsen has just announced that his company Bitcoin Suisse, a virtual currency trading platform, has entered into a three-year sponsorship agreement with the ice hockey club Rungsted Seier Capital, which is partly owned by Lars Seier Christensen.

"We have had a good year and you should be a nuisance if you can not even look beyond your own nose tip and see how to contribute a little," Niklas Nikolajsen says about the new sponsorship agreement, which he calls for a "fun and appropriate end of the year."

"But we're also helping to drive Rungsted on, because there is still room for the first place and we want our team to land next year," he emphasizes.

 

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The sponsorship agreement is based on an unknown "seven-digit amount" which will lift the club all the way up to the top of the league.

The agreement will officially enter into force on December 27, when Lars Seier Christensen and Niklas Nikolajsen will cut the string for the "Bitcoin Arena" together with the massive bitcoin logo that will stretch nine meters in diameter in the middle of the skating rink.

But the bitcoin party does not stop here: From now on, payment terminals will be set up against bitcoin and other virtual currencies, and the season's hockey pucks will be decorated as bitcoins.

And for the lucky hunters it sounds like there's a real bitcoin in one of the pucks.

 

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A milestone for bitcoin

At the same time, the sponsorship agreement is a milestone in the bitcoin world. It is for the first time ever that a company that deals with virtual currency sponsors a professional sports team, says Niklas Nikolajsen.

"It shows how far bitcoin really is achieved. It is quite interesting that when the classic banks move out, we move in, "he says, adding:

"And I'm going to pull on the smile band when sports commentators, every time they switch over to a match in Rungsted, have to switch to the Bitcoin Arena. It's funny, and it's clear that it's a little nasty thing. "

Bitcoin billionaire Niklas Nikolajsen also feels that there is a good match between the trips, the ice hockey club and his own company have been on:

"The team has come from being an outsider and has established itself as one of the biggest players in Danish ice hockey in a few years and that is something we can identify with Bitcoin Suisse. Where we in the financial world have been skeleton for the last few years with lean eyes from the more traditional sides, but where we may have established ourselves as one of the big players this year. I think that is very appropriate, "he says.

Niklas Nikolajsen is resident in Switzerland, where he is unable to pay a bounty of bitcoin winnings. Nikolajsen's fortune is now at about one billion kroner, which has been investing in bitcoin since 2011. The rival's company, Bitcoin Suisse, also belongs in Switzerland and has sold more than a billion dollars this year.

Player paid in bitcoin

With the new sponsorship agreement, one of the top players in Rungsted Seier Capital, Nikolaj Rosenthal, is the first professional athlete ever to get paid in bitcoin.

"It's really exciting to be allowed to be a pioneer with this," says the top player, who recently began trading in virtual currencies.

For the past four years, Nikolaj Rosenthal has had a full-time contract in Rungsted Seier Capital, and he is playing hockey. But he has agreed a scheme with Bitcoin Suisse, so he is also assured if the value of bitcoin should suddenly dive.

So far, Nikolaj Rosenthal is the only player in the club who will receive his pay in the bitcoin, but it is possible that more of the players will jump on the wagon, he estimates.

"I could imagine that they would."

The technical details of the alternative remuneration form have been investigated at the law firm Horten, where lawyer Attorney Payam Samarghandi is a specialist in the field of cryptic currency.

But there is nothing legal in the way that players get paid in bitcoin, he explains:

"In practice, payroll pay in bitcoins is taxed as ordinary earnings, and there is therefore no tax difference if you are taxed in bitcoins or crowns and pennies. But it is of course exciting that bitcoin is now being used as a remuneration, "says Payam Samarghandi.

Bitcoin is controversial due to the lack of regulation, like Skat in Denmark recently asked the Tax Council for a basic answer as to whether the purchase and sale of bitcoin is subject to speculative or business taxation rules, because the profits in that case are taxable as personal income.

The Tax Council concluded in 2014 that bitcoin is not a currency and therefore not subject to the capital gains tax, but on that occasion the Tax Council did not take a position on the speculative question because bitcoin was not purchased in the speculative case in the particular case. Since then, the value of bitcoin has exploded, and the Tax Council has therefore been asked to relate to whether bitcoin should now be considered a speculative item where profits should be taxed as personal income.

The World Championship in Ice Hockey is held in Denmark in 2018.

[uttermost]

lol. people are doing all sorts of stunts to prop up the silly coin.

[ARYA]