How hard will cryptocurrency crash hit F1 teams?

The very public collapse of cryptocurrency exchange and crypto hedge fund FTX highlighted the volatility of this new kind of product, and has led quite a few investors to get out of it to go back to putting their money in more traditional markets, like real estate. Even before that, the sponsorship deal between Red Bull and blockchain company Tezos was not renewed for this year, but the deal with crypto exchange company Bybit seems to remain in place for 2023. But the three top teams weren’t the only ones relying more heavily on this new market to get sponsorship, as in 2022 only Haas and Williams failed to get some money from it.

Follow MotorMouth on social media:
Liked it? Take a second to support Motormouth on Patreon!
Become a patron at Patreon!
Notify of
Inline Feedbacks
View all comments

Would love your thoughts, please comment.x

Forgot your details?

Create Account