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LoL Player Retires From Competitions To Invest In Bitcoin

Posted 22nd December 2017 By: Kyle-Tipify Staff    196 Views

LoL Player Retires From Competitions To Invest In Bitcoin - Tipify

A League of Legends professional player decided to bring a halt to his competitive gaming journey and retire from participating in any LoL tournaments to invest in newly famous cryptocurrency, Bitcoin. Jeon Ik-Soo, or popularly known by his in-game name, ‘ikssu’ has officially retired from playing professional League of Legends, according to an announcement in his own official Facebook page.

ikssu played the top-lane position for the Korean team, Jin Air, but did not renew his contract after the League of Legends World Championship 2017. ikssu has been actively streaming on his Afreeca TV channel since then.

The now retiree diverted his focus on streaming League of Legends matches. Although, he has been constant in talking about Bitcoin and investing in the cryptocurrency with his viewers in his stream. In addition, this move from Ik-soo makes sense as a Korean because 20 percent of all Bitcoin transactions come from South Korea, according to CNN’s report. Furthermore, SK Telecom1 and 2017’s Esports’ Player of the Year award winner, Faker has also shown his interest in investing a few bitcoins for himself. But, the great League player is not ready to leave the competitive scene just yet.

The benefits of using Bitcoin

It looks like Ik-soo is hopping onboard the Bitcoin hype as the cryptocurrency is continuing a massive price surge and is currently valued at $19,000. It’s worth noting that Bitcoin entered the month of December with a value of $10,000 and is now about to surpass the $20,000 mark. For some context, the price surges are monumental for the Bitcoin community because it’s price does not rise similar to the latter. Its value at the start of 2017 was around $1,000 and was priced at around $4,000 in July. Its current price surge is believed to be caused by Bitcoin being offered as a futures market contract in major stock exchanges, CBOE and CME.`

Using Bitcoin as a payment method has plenty advantages, including anonymity, decentralization from banks and governments, and it provides the fastest and cheapest transactions. If this leaves you with more questions that need to be answered, we can do that by going to our Bitcoin guide page.

Kyle-Tipify Staff

Written by Kyle-Tipify Staff