A portion of the prize purse for the upcoming 2024 Rogue Invitational is tied to the performance of Bitcoin. Rogue has invested $275,000 in Bitcoin at a price of $35,000 per coin. To ensure that the prize purse remains at this amount, Rogue will absorb any losses in Bitcoin’s value, though any increase in value leading up to the event will result in a larger prize purse for competitors.
Following Donald Trump’s recent presidential election win, Bitcoin’s value has surged dramatically, crossing a record high of $75,000. This rally has fueled investor optimism, especially regarding its potential benefits for cryptocurrencies.
Prize Purse Increases Overnight
As a result of this surge, the total prize purse for the 2024 Rogue Invitational has increased by nearly $25,000 overnight. As of 10:30 PM Eastern Time last night, the prize purse stood at $1,785,847.51. By 8:00 AM this morning, it had risen to $1,810,589.51, before settling slightly lower at $1,808,188.44 with Bitcoin currently priced at $74,030.
Potential Earnings for Athletes
Currently, the first-place winner of the CrossFit competition is set to take home just over $274,000, while both Strongman and Strongwoman champions are anticipated to receive nearly $120,000. It’s important to note that the prize purse is still variable, so athletes and fans should keep an eye on Bitcoin’s fluctuating price, which could further enhance the earning potential for participants this weekend.
