Mercedes is afraid. Fear… for cryptocurrencies. Fear of a crisis, of a tremendous crisis, which is in a sector that is in the doldrums. Such is the problem that Toto Wolff, head of the German team, has spoken about it.
And he has confirmed the risk that the issue of cryptocurrencies has for the teams: “He can hit us all.”
In words that the portal collects ‘I’mMotor’, the Austrian goes further: “If there is a general fall We are going to be affected.”
“All teams have a sponsor of this type, as well as the promoters of F1“he insists.
And it is true, because eight of the teams have this type of sponsorship. From Ferrari to McLaren, passing through Red Bull, AlphaTauri, Alpine and Mercedes itself. In the case of Aston Martin, shares the same sponsor with Formula 1.
Mercedes knows what is at stake, as it has FTX among its sponsors. The brand has plummeted due to the crisis of cryptocurrencies, which have had losses even up to 90%.
In the case of FTX, a company that was considered solvent, has gone bankrupt causing a hole of almost 8,000 million euros.