Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? 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?
To answer this question , we will have to get statistics or data that gives a valid analysis of the situation. I did a brief search but couldn't find anything reasonable. But with the rise of Bitcoin to this price, gamblers who are hodlers will have more money to spend if they sell their coins. Maybe it might make them increase their gambling budget which will be beneficial to casino companies. However, I have observed an increase in casino signature campaigns in the forum since the bull run this might be a sign that the season might be benefitting casinos.
That is sound thinking for sure, the raise in price gives way to a rise in gambling habits for some individuals but the notion that there are more signature campaings as a result of the bull market it interesting to me. Surely there isn't a rise in gamblers but a rise in the price that leads people that hold crypto to feel like they have more "play money" so to speak. In this line of thought I think that the bull market has definitely been great for casinos and they are probably very happy about it.