Post
Topic
Board Gambling discussion
Re: Bitcoin Crosses $100k. Are Online Crypto Casinos as excited as we are?
by
zuzie
on 08/12/2024, 14:48:23 UTC
Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?
They have a portfolio of cryptocurrency, and they are promoting the use of cryptocurrency, so I don't see the reason why they will not rejoice or be excited. The gambling industry contributed a lot to the adoption of cryptocurrency; they are one who will benefit if there is massive adoption and continuous increase of the price; they are not only making profit from their platform but from their portfolio as well.
The casino will be happier than us as small gamblers. The casino have many crypto coins in their portfolio which will grow bigger in this bull run. Their profit now becomes bigger than us but we don't know how much capital they have. The bull run in the cryptocurrency makes their business grow so they can allocate some of their profit to make another promotion which can gives them more opportunities to grow their casino bigger.

Yes, with the increasing price of bitcoin, this will certainly be very profitable for the casino because they must have a lot of coin savings that they will sell when the market price is rising. This is the moment that the casino and gamblers, some of whom also have coin savings, have been waiting for.
Yes, for small gamblers, this moment will certainly make their hearts feel restless because they cannot save coins due to financial constraints and of course the casino at a bull run moment like this will make a lot of profit and maybe they will promote their new casino which attracts the attention of gamblers again and again.