Quote from: Eternad on July 26, 2025, 11:19:51 PM

Quote from: dkbit98 on July 26, 2025, 08:52:42 PM

Quote from: tvplus006 on July 24, 2025, 10:07:48 PM

- "Roughly 50% of all Bitcoin transactions are gambling-related".

This is interesting.
We can never know the exact numbers but this is a big chunk of transactions.

It's a huge percentage if it's really true. Since stablecoins was introduced and been adopted by gambling platforms, I stopped using bitcoin on my gambling activities. Seeing my bets in form of decimal satoshis is very confusing to me as well as calculating the profit and loss I get.

This just means bitcoin will always be the top choice by people who use crypto. Even if it's possible to gamble with other cryptocurrencies like xrp or doge which has cheaper fees, gamblers will still prefer to gamble using bitcoin.

I am reather skeptical on that percentage, to be honest. I would have assumed most transactions being carried out today had more to do with exchanges deposits and withdrawals, but I assume whatever the source is, they assume those withdrawals are (or not) going out or in from a casino. Also, I am with you on this one, common sense tells me most of people woutl have switched to Stablecoins once they had access to them and the use of Bitcoin as a way to transfer value onto casinos would have been reduced through time. Either they have access to privileged information from major casinos like Stake, BC game and others, or they are taking samples for their study and extrapolating, giving an over-estimated result on the use of Bitcoin for gambling.

Whatever the case may be, there is no doubt Bitcoin will continue to be the kind of cryptocurrencies, regardless we are talking about volume of casinos or not, it will continue to sit on the top of the list of coins by market capitalization.