- The new paint job of Wallace has about two logos as well as the Square Cash App logo.
- Wallace is a strong supporter and evangelist of Bitcoin. He’s drawing more followers into the crypto industry.
- Users are predicting a bullish trend for Bitcoin as a result of the development.
NASCAR driver Bubba Wallace is now showcasing the Bitcoin logo on his Cash App car. The African-Americans became more popular after influencing NASCAR’s decision to ban the Confederate flag from events.
Currently, he is the only African American in the top racing series of NASCAR. Now, his car will be adorned with the Bitcoin logo, which will further grant more exposure to the cryptocurrency.
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Square’s founder and Chief Executive Officer, Jack Dorsey, posted a tweet message yesterday about the development. He said the new paint job of Wallace has about two logos as well as the Square Cash App logo.
Wallace is now known outside car racing
Wallace came into the national spotlight last month after pushing NASCAR to ban the confederate flag from its events. He was in the news again after revealing he saw what resembles a noose in his team’s garage, however, it was later discovered that it was just a door pull rope.
Even President Donald Trump gave his opinion on the matter when he made a provocative tweet insinuating that the actions of the car race driver have affected the ratings and image of NASCAR negatively. Even Fox News, which initially carried the news, increased its ratings by 6% since the controversy.
Wallace’s interest on Bitcoin
Unlike in other times when Wallace made headlines, there have been positive reactions to Wallace’s Bitcoin logo and the Cash App sponsorship. Several social media users and Bitcoin investors are predicting that the development could spur the value of the cryptocurrency because Wallace has earned a lot of followers over the last 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 $100,000 before the end of the week due to the collaboration. Another twitter user newmoneyFC said there could be BTC protest buys that can increase the price of the coin to $20,000 if Trump tweets about Wallace again.