In the world to day gambling is leading instead of Bitcoin
BTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of
gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is
Why? or is the risk involved in Bitcoin higher than gambling risk?
Just chesk this
sourceAccording to my understanding both Gambling and Bitcoin investment are risky. Gambling is not that new if you compared it with Bitcoin and gambling is basically a game played for entertainment. As Bitcoin is new to the world when we compare it with gambling there is a belief that the risk of losing money in Bitcoin investment is high than in gambling. Another point that I think is relevant to your topic is the rise of crypto casinos and the downfall of fiat casinos.
As we all know during the pandemic gamblers started shifting from traditional casinos, and online casinos to crypto casinos because of anonymity, security, speed, and convenience. This trend has been increasing as gamblers have started investing in their favorite cryptocurrency for gambling. That being said it does not mean they are buying Bitcoin for gambling as apart from Bitcoin their other crypto is available in these casinos. Why are they avoiding Bitcoin simply because of its volatility?