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1 Apr 2021

2010-2020 – A Decade of Cricket and Crypto

Farheen Shaikh

The IPL countdown has begun; with only eight days to the most exciting and thrilling cricket league, I am sure you can’t wait for it to start. As we are approaching yet another season of the Indian Premier League, I can’t help but get glimpses of some of the unforgettable moments we have had in Indian cricket.

The past decade in Indian cricket has been one of the most treasured decades so far; by now, you might have gauged my love for cricket, and I think everyone has this deep sense of pride and affection for cricket in our country. Though the love that we have for cricket is unmatched, there’s one more thing that we Indians cherish, Cryptocurrencies.

2010-2020 – A decade of Cricket and Crypto

If cricket has a piece of our heart, cryptocurrencies have a piece of our wealth.

So I thought, why not bring the two most admired things by Indians together and go down the memory lane to relive some of the most historic moments in the history of Indian Cricket and Cryptocurrencies.

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2010 | Crypto and Cricket Make a Mark

This year is one of the important days in the history of Cryptocurrencies and Cricket.

In 2010, Bitcoin was regarded as a tangible asset with real monetary value after the first-ever real-world Bitcoin transaction took place. 

It’s funny now because, at the time, Laszlo Hanyecs, a programmer and contributor to Bitcoin, bought two large Pizzas worth $30 each in exchange for 10,000 BTC, which is now worth close to ₹ 39,363 Crores.

The same year in Cricket, Sachin Tendulkar became the first player in the history of men’s One Day Internationals (ODI’s) to score a double century. 

On February 24, 2010, when playing against South Africa in Gwalior, he smashed a record of 200 runs in 147 balls against bowlers like Dale Steyn, Wayne Parnell, Jacques Kallis and made the mark.

2011| The Beginning of Glory Days

After being recognised as a monetary value, the cryptocurrency family grew with new members (Altcoins).  You might not know this but the second cryptocurrency launched after Bitcoin was Namecoin in 2011, followed by Litecoin in the same year.

2011 was the beginning of the crypto revolution that took over the world with its beauty of a decentralised economy. 

Cricket this year also gave us a proud moment as MS Dhoni led the Indian Cricket team to World Cup glory. None of us will ever forget that day; MS Dhoni was on the field with Nuwan Kulasekara as the bowler opposite him, it was the second ball of the 49th over, and we needed four runs from 11 balls.

As Dhoni hit the winning shot, millions of Indians started jumping with happiness, and we brought home the World Cup trophy after 28 years.

Like how the launch of altcoins was the beginning of the crypto revolution, the World Cup Victory was also the start of many winning moments for Indian cricket. 

2012 | It’s Not All Roses

Both cricket and cryptocurrencies have been through their fair share of highs and lows. 2012 was one such year when both went through turmoil.

Continuing its graph from the second half of 2011, Bitcoin moved up from $4.50 to $7.00 at the start of Jan 2012 and then immediately dropped nearly 49% in late Jan. This was one of the first downward trends in the history of Bitcoin and Crypto. 

And the condition for the Indian Cricket team was also no different. To put it short: India played 9 Test matches; won 3, lost five and drew 1. Around the same time, the team also experienced leaps with the retirement of Rahul Dravid and V.V.S. Laxman and Sachin Tendulkar’s exit from ODI.

2013 | Sailing Through the Tough Times

Soaring through the rough times of the previous year, Bitcoin ruled 2013. It made an all-time high of $1,242 and gave a neck to neck competition to gold. People who invested in it at the start of the year captured a gain of nearly 10,250% from the ATH.

The Indian cricket team also lifted the Champions Trophy in 2013 by defeating England. With the reshuffling of players last year, this victory roared the emergence of youth in the Indian cricket scene.

2014| We Will Rise Again

2014 was when the Crypto craze took off; Bitcoin and Cryptocurrencies, in general, blew up with an increasing no. of individuals leaning towards them. There was a surge in the no. of people joining the crypto league.

During the same period, IPL, the latest introduced cricket league, was also ranked 6th by average attendance among all other sports leagues. 

2015- 2016 | With a Pinch of Fun

While I am sharing with you such extraordinary moments from history, I just didn’t want to lose the opportunity to tell you that Cricket and Crypto both have experienced halving!

During the 2015 IPL, the then Captain of Kolkata Knight Riders, Gautam Gambhir, was on the field playing the first ball of the second over, and as soon as the ball hits the bat, it breaks it into halves.

A bat breaking into half is not a sight you often catch on the cricket field; it’s one of its kind moments.

Similarly, in the following year, Bitcoin also experienced halving; it was its second halving since 2009. Halving is a phenomenon that Bitcoin experiences every 4yrs; during this process, the miner rewards on the network is cut in half. After every halving, the supply of new cryptocurrencies in the circulation is reduced to 50%

2017 | Making new Heights

Cricket and Crypto went through similar phases this year. 

On one hand, we had the digital gold touching new heights; it started the year with $1,000 and towards the end of it made a remarkable all-time high of $20,000

While on the other we also won the ICC Test Mace in 2017 and continued to dominate it ever since. The match was ruled by Kohli and Cheteshwar Pujara, along with R Ashwin and Ravindra Jadeja.

2018 | Embracing the Journey

2018 was one of the tough years in the history of cryptocurrencies. Bitcoin and Cryptocurrencies plummeted drastically, with several two-digit dips in a day. While on the other side, Cricket had another eventful year where it garnered recognition from its fans.

Both cricket and crypto are different things altogether, but they do share some core ideas; one of them includes embracing their own journey. Be it the downfall or the glory; both have gracefully embraced it and moved forward to doing better things.

2019 | Shinning through the Events

2019 marked the year when the growth of  DeFi was accelerating. The concept came into existence in late 2018, intending to make financial services decentralised and accessible. As a result, multiple interesting projects like Compound, UniSwap, MakerDAO etc., took birth and laid the foundation of a decentralised financial ecosystem.

Meanwhile, in cricket, we witnessed a historic. In the 2019 World Cup, during the India Vs, Bangladesh match we needed 2 Wickets, and Bangladesh required 30 runs in the last 20 balls.

The Men In Blue were under extreme pressure as the odds were in Bangladesh’s favour. With Jasprit Bumrah bowling on the field, he amazed us by taking two wickets in the last two balls of his over and gave us a sigh of relief.

2020 | The Story Continues….

As we are here with the last year of the decade, our time travel is coming to an end. 

Unlike other years 2020 was different in many ways, not only for crypto and cricket but also for humankind in general.

Though our economy was dwindling because of the pandemic, the crypto market was moving at double the speed. The total market capitalisation of cryptocurrencies grew exponentially, primarily because of cryptocurrencies’ successful institutional and individual adoption.

They also combated the negative emotions attached to them in 2018 and made themselves prominent last year.

The Cricket scene in India also withstood the unfavourable conditions the world was/is going through. Though the BCCI members had to postpone the leagues, the team came back with a blast and gave us a thrilling IPL season. 

And with the next IPL season just around the corner, I can’t wait to once again catch sight of the exciting moves that will take place in both Cricket and Crypto.

[su_note] KuberVerse is an educational initiative. Anything expressed here directly or indirectly is not investment advice. And we ask you to do your own research before investing. [/su_note]

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.


Farheen Shaikh

Content Writer

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