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September 20, 2020
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NASCAR driver Bubba Wallace designs the Bitcoin logo on his car

Bubba Wallace is now displaying the Bitcoin logo on his car, along with the Cash App logo

African Americans became more popular after influencing NASCAR’s decision to ban the Confederate flag from events. Currently Bubba Wallace is the only African American in the NASCAR racing series and his car will be adorned with the Bitcoin logo, which will grant more exposure to the cryptocurrency.

Square’s founder and CEO, Jack Dorsey, posted a Twitter message yesterday about the development. He said Wallace’s new painting has two logos, in addition to the Square Cash App logo.

Wallace is now known outside of car racing

Wallace gained national prominence last month after pressing NASCAR to ban the Confederate flag from its events. He was on the news again after revealing that he saw what looks like a noose in his team’s garage, however, it was later discovered that it was just a door handle.

Even President Donald Trump gave his opinion on the matter when he made a provocative tweet, implying that the pilot’s actions negatively affected NASCAR’s ratings and image. Fox News, which initially published the news, has seen its audience rise by 6% since the controversy.

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Wallace’s interest in Bitcoin

Unlike other times when Wallace made headlines, there were positive reactions to Wallace’s Bitcoin logo and Cash App sponsorship. Several social media users and Bitcoin investors are predicting that development can boost the value of cryptocurrency because Wallace has conquered many followers in the past few months.

According to some of them, the news can lead to a bullish trend for Bitcoin. A Reddit user with the username dengentrader69 predicted that Bitcoin could rise to $ 10,000 before the end of the week due to the collaboration. Another twitter user newmoneyFC said that there may be protest purchases from the BTC, which could raise the currency’s price to $ 20,000 if Trump tweets about Wallace again.

Source: Invezz

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