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Bitcoin Car Led 32 Laps At Indianapolis 500, Finishes 8th!


The Indianapolis 500 for the first time in its history had a racecar sponsored by Bitcoin at its famed 200 lap race that’s part of the NTT Indy series

Ed Carpenter’s racing team put up a good fight in the Indianapolis 500 where their No. 21 Chevrolet Bitcoin car placed 8th overall and even led 32 laps in the race..

The car was driven by IndyCar rookie of the year winner Rinus VeeKay, who started the race in the first row after placing 3rd in the poles.

Many fans were in awe of the Bitcoin car’s design which sported the classic Bitcoin symbol and even had a QR code on it which when scanned goes straight to a website that converts Bitcoins to dollars.

Although the No. 21 Bitcoin card didn’t take home first place one thing is for sure, the car definitely gained a lot of exposure over the weekend.

Yahoo News had these details to share on the story:

The 105th edition of the Indianapolis 500 will feature a Bitcoin sponsored car. Ed Carpenter Racing will have a fully designed BTC Chevrolet numbered 21.

Popular American NTT IndyCar Series will feature the popular cryptocurrency in Sunday’s big event. The annual automobile race held at Indianapolis Motor Speedway will see cars race 200 laps to claim the title of Indy 500 winner.

Ed Carpenter Racing (ECR) had announced this week that their number twenty one Chevrolet will be driven by Rinnus VeeKay, and will be sponsored by the popular cryptocurrency.

The race car will be detailed in the popular BTC logo. The BTC logo is not under any copyright laws, therefore giving the team free reign to design the car as they wish.

The car has also been numbered as 21 to signify the total supply of BTC, being 21 million.

Talking to Autoweek, team owner Ed Carpenter spoke about the idea, saying “The whole movement is amazing. I really believe that it is the future of a lot of what our financial system is going to look like. There can be a lot of volatility in it still, but the whole premise and how it’s built—there’s so many positives to it that make it so valuable in the long-term.”

The Indystar reported the top 8 Results:

The fans back inside Indianapolis Motor Speedway were treated to an exciting race and historic finish.

Helio Castroneves gave the 135,000 race fans a gift to make up for their absence at the Indianapolis 500 a year ago.

1. Helio Castroneves – In a one-off effort, having not driven an IndyCar competitively since August of last year, Castroneves became a four-time Indianapolis 500 winner.

2. Alex Palou – The Spanish phenom didn’t put a foot wrong all day but was just in the wrong place at the wrong time when the white flag waved.

3. Simon Pagenaud – The 2019 winner shocked fans after starting 26th and finishing in third.

4. Pato O’Ward – One of the strongest cars all race, the Texas 2 winner will have to wait another year for a shot at Indy glory.

5. Ed Carpenter – An issue on pit road early could not dampen Carpenter’s top-rive run at his home race.

6. Santino Ferrucci – Ferrucci came out of nowhere after good pit strategy to put himself in contention for a top-five.

7. Sage Karam – A seventh-place finish after starting in the final row is undoubtably one of the most impressive runs at Indianapolis for Karam.

8. Rinus VeeKay – Leading 32 laps, VeeKay had the car to beat. However, he just didn’t have the right track position when it came down to crunch time.

As Bitcoin continues to get exposure from the sports world expect the price of the continue to go up.

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